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."
  • OddNugget@kbin.social
    10·
    5 months ago

    Stagflation is the name and losing purchasing power is the game.

    Replacing rapidly depreciating cash with something tangible might not be the worst idea. But, wasting money on stupid stuff you can’t resell won’t do anybody any good.