@[email protected] to A Boring [email protected] • 1 year agoConsumers are so demoralized by inflation and high rates they've given up on saving for the American Dream and are spending money instead, economist saysfortune.comexternal-linkmessage-square24fedilinkarrow-up1161cross-posted to: [email protected][email protected]
arrow-up1161external-linkConsumers are so demoralized by inflation and high rates they've given up on saving for the American Dream and are spending money instead, economist saysfortune.com@[email protected] to A Boring [email protected] • 1 year agomessage-square24fedilinkcross-posted to: [email protected][email protected]
minus-square@[email protected]linkfedilink7•1 year agoDon’t spend. That is what they want. Spending is just transferring the money into the pockets of the greedy.
minus-square@[email protected]OPlinkfedilink4•1 year agoA lot of younger people are maxing out credit cards and Buy Now Pay Later money lenders and then not paying it back.
minus-square@[email protected]linkfedilink1•1 year agoYeah but that only works for about a month. Then they are toast.
minus-square@[email protected]linkfedilink2•1 year agoNo no. You max everything out then go bankrupt. Like the big companies do.
Don’t spend. That is what they want. Spending is just transferring the money into the pockets of the greedy.
A lot of younger people are maxing out credit cards and Buy Now Pay Later money lenders and then not paying it back.
Yeah but that only works for about a month. Then they are toast.
No no. You max everything out then go bankrupt. Like the big companies do.