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return2ozma@lemmy.world to News@lemmy.world · 1 year ago

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

fortune.com

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  • usa@lemmy.ml
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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

fortune.com

return2ozma@lemmy.world to News@lemmy.world · 1 year ago
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"This positive spending is not a reflection of some sort of internalized secret sense of confidence that consumers have."
  • Ensign_Crab@lemmy.world
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    1 year ago

    Where “the economy” = “rich people’s yacht money,” yes.

    • SatansMaggotyCumFart@lemmy.world
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      1 year ago

      If I was smarter and worked harder I could be rich too.

      • Billiam@lemmy.world
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        1 year ago

        Ah yes, I too believe the lie that the wealthy got their wealth from being smarter and working harder than everyone else, and not because of vast amounts of luck combined with exploiting everyone underneath them.

      • PineRune@lemmy.world
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        1 year ago

        The truly rich are rich of soul. If you need help achieving enlightenment, I would be happy to help you and take some money off your hands.

        /s

        • SatansMaggotyCumFart@lemmy.world
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          1 year ago

          Give me some money first and I’ll give you half of it back.

          • Garbanzo@lemmy.world
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            1 year ago

            Making deals like that it’s no wonder you aren’t rich

            • SatansMaggotyCumFart@lemmy.world
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              1 year ago

              Once they give me the money it’s all mine, but I’m not going to lead with that.

      • WhatIsThePointAnyway@lemmy.world
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        1 year ago

        You obviously don’t hang with many rich people. They are regular people. They aren’t special, they just hit the right circumstances. Most of the smartest people I know are actually not the richest, they are employed doing engineering or science related fields. Capitalism doesn’t reward intelligence, it rewards accumulation of capital which has much more to do with circumstance, investment, and manipulation.

        • return2ozma@lemmy.worldOP
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          1 year ago

          And exploitation.

        • SatansMaggotyCumFart@lemmy.world
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          1 year ago

          Most of my friends are rich because I like to surround myself with people who are better then me.

          • WhatIsThePointAnyway@lemmy.world
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            1 year ago

            You equate rich as better. You sound like quite the sycophant. Enjoy that.

            • SatansMaggotyCumFart@lemmy.world
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              1 year ago

              Is that a type of elephant?

              • WhatIsThePointAnyway@lemmy.world
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                1 year ago

                It’s sort of a troll / elephant hybrid god cumfarted out.

                • SatansMaggotyCumFart@lemmy.world
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                  1 year ago

                  I missed that story in my bible.

                  Which version do you have?

                  • WhatIsThePointAnyway@lemmy.world
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                    1 year ago

                    It’s the made up version - not sure that narrows it down though.

                  • conditional_soup@lemm.ee
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                    1 year ago

                    I’ve got the version where Jesus tells rich people to give away all their belongings or they can’t get into heaven. Hope this helps.

      • Aniki 🌱🌿@lemm.ee
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        1 year ago

        Keep talking to yourself like that and you’ll find yourself at the barrel end of depression broke and alone.

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