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
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
"This positive spending is not a reflection of some sort of internalized secret sense of confidence that consumers have."
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Oh. Oh shit it hurts that reading this made me self-aware of this behavior. It’s one thing to be in this mindset and not be aware of it and it’s another to have it written out in front of you. 🤢
My retirement plan is a heroine overdose. I'll try to do better than that, but I'm not expecting much.
Ya know, I've been saving better than most my age. 401k, savings account, emergency fund, investments, crypto, etc. and I keep being reminded that no matter how much I save, I'll still never achieve the American dream without help.
I'm in a similar boat, minus crypto. If anything it's made me realize how big that chasm has become.
What the fuck is this American dream anyway?