Consumers are so demoralized by inflation and high rates they've given up on saving for the American Dream and are spending money instead, economist says - eviltoast
"This positive spending is not a reflection of some sort of internalized secret sense of confidence that consumers have."
  • TubularTittyFrog@lemmy.world
    12·
    6 months ago

    the price of homes goes up faster than anyone can save. that’s the problem.

    housing prices used to rise at or below inflation. now they rise at like 3x inflation.

    • Empricorn@feddit.nlEnglish
      8·
      6 months ago

      Even you are thinking too far ahead. I’m spending rent money every month that obviously could be saved to someday buy a house… But on top of that my rent has increased faster than my income. Every place I’ve lived. By renting, you’re guaranteeing you’re going to be priced out of affording your shelter. And most young people have to rent, to start out. The rich have us fucked at every turn…