Americans have now spent all $2.1 trillion of their pandemic savings, San Francisco Fed says
Americans have now spent all $2.1 trillion of their pandemic savings, San Francisco Fed says
Consumer spending hit a peak of $85 billion per month last fall.
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Corporations: thank you for your money 🙏
Also corporations: people are just irresponsible with money and all welfare programs should be cut and in turn corporate taxes should be lowered.
The saddest thing is how this generation praises people for spending money while scoffs at those who save it.
It really is backwards.
What the hell are you talking about about? Who is out there "scoffing" at those who save?
Sometimes I wonder how awesome the Internet would be if people didn't constantly spout some made up bullshit as fact.
People do tend to follow the "parked money is lost money" mentality, but that's more about saving vs investing.
Lol, what? Are you just upset because I'm calling out reality?
Who is out there “scoffing” at those who save?
"What are you, poor?" You've never heard anything along these lines when criticizing the price of something?
Either you need more life experience, or you're talking out of your bum.
I think you are one of those proud consumers I'm talking about, which is why you pretend my critique doesn't make any sense.
I think you hang out with losers that derive their sense of self-worth from their personal (or mommy and daddy's) spending power. Maybe instead of extrapolating big picture conclusions from your anecdotal evidence, you should expand your horizons, get out there, and experience more life.
Also, saying "this generation" on the internet is a bit like saying "look over there" without pointing in a direction.. We can infer that you're talking about one of the younger three generations, but without context, your whole argument is muddied and pointless. It's pedantic, I know, but if you're gonna dole out criticisms on a whole generation universally, it's only fair you get some in return.
I think you hang out with losers that derive their sense of self-worth from their personal (or mommy and daddy’s) spending power.
You mean, most Americans? Especially those who live in major cities? Color me surprised.
Which one is "this generation"? All the advice I've heard for years is "stop buying the new iPhone and the avocado toast and the Starbucks, use your 401k".
Another one? That was quick.
I'm talking about your generation. The one that doesn't take that advice.
You're referring to the previous generation giving that advice.
Come on guys, use your 🧠.
You're making assumptions about who you're talking to and expecting us to make assumptions based off of that, as if the world can read your mind? You are responsible for making sure your arguments are intelligible, not the people reading said arguments.