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)

submitted 4 months ago by yogthos@lemmy.ml to c/usa@lemmy.ml

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[-] AcidLeaves@hexbear.net 3 points 4 months ago

not really that simple tbh. stock market is having insane performances despite high inflation and the USD relative to other major currencies have also been gaining, not losing despite the high inflation because it's not the currency getting weaker it's stupid trade war shit and price gouging

[-] Maoo@hexbear.net 5 points 4 months ago

Inflation is just rising costs. It includes price gauging and having to pay tariffs.

this post was submitted on 20 May 2024

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