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
freebee @ freebee @sh.itjust.works Posts 13Comments 368Joined 2 yr. ago
freebee @ freebee @sh.itjust.works
Posts
13
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368
Joined
2 yr. ago
If you would have bought a basement full of canned food somewhere shortly before corona or shortly before the russians went full loco in ukraine, it would have been a top tier investment. And if it wouldn't have been, they don't go bad fast and you can still eat them :') In high inflation environment, buying stuff instead of stacking money can make sense indeed.