return2ozma@lemmy.world to A Boring Dystopia@lemmy.world · 7 months agoConsumers are so demoralized by inflation and high rates they've given up on saving for the American Dream and are spending money instead, economist saysfortune.comexternal-linkmessage-square24fedilinkarrow-up1158arrow-down19cross-posted to: news@lemmy.world
arrow-up1149arrow-down1external-linkConsumers are so demoralized by inflation and high rates they've given up on saving for the American Dream and are spending money instead, economist saysfortune.comreturn2ozma@lemmy.world to A Boring Dystopia@lemmy.world · 7 months agomessage-square24fedilinkcross-posted to: news@lemmy.world
minus-squarereturn2ozma@lemmy.worldOPlinkfedilinkarrow-up4·7 months agoA lot of younger people are maxing out credit cards and Buy Now Pay Later money lenders and then not paying it back.
minus-squareLemmyKnowsBest@lemmy.worldlinkfedilinkarrow-up1·7 months agoYeah but that only works for about a month. Then they are toast.
minus-squareRandomgal@lemmy.calinkfedilinkarrow-up2·7 months agoNo no. You max everything out then go bankrupt. Like the big companies do.
A lot of younger people are maxing out credit cards and Buy Now Pay Later money lenders and then not paying it back.
Yeah but that only works for about a month. Then they are toast.
No no. You max everything out then go bankrupt. Like the big companies do.