Despite past trends, US consumers are spending at record levels. Economists are mystified – and struggling to forecast an end point.
  • spudwart@spudwart.comEnglish
    17·
    11 months 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
    111·
    11 months 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.