Despite past trends, US consumers are spending at record levels. Economists are mystified – and struggling to forecast an end point.
  • spudwart@spudwart.comEnglish
    10·
    1 year ago

    No one younger than 40 will be able to afford a house, wages keep dropping, the world looks like it’s about to explode and a good half of us were raised on repetitious dopamine rushes.

    Must be the allure of avocado toast.

  • UPGRAYEDD@lemmy.worldEnglish
    8·
    1 year ago

    They keep talking about high interest rates… but home ownership is lower than ever. Maybe the interest rates dont matter when no one can afford to buy a home in the 1st place.