dev.lemmy.world
  • Communities
  • Create Post
  • Create Community
  • heart
    Support Lemmy
  • search
    Search
  • Login
  • Sign Up
return2ozma@lemmy.world to News@lemmy.world · 1 year ago

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

external-link
message-square
101
link
fedilink
339
external-link

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

return2ozma@lemmy.world to News@lemmy.world · 1 year ago
message-square
101
link
fedilink
"This positive spending is not a reflection of some sort of internalized secret sense of confidence that consumers have."
  • SatansMaggotyCumFart@lemmy.world
    link
    fedilink
    arrow-up
    5
    arrow-down
    26
    ·
    1 year ago

    If I was smarter and worked harder I could be rich too.

    • WhatIsThePointAnyway@lemmy.world
      link
      fedilink
      arrow-up
      25
      ·
      edit-2
      1 year ago

      You obviously don’t hang with many rich people. They are regular people. They aren’t special, they just hit the right set of circumstances. Most of the smartest and hardest working people I know are actually not the richest. Capitalism doesn’t reward intelligence or hard work per se. It rewards accumulation of capital which has much more to do with circumstance, investment, and manipulation.

      • return2ozma@lemmy.worldOP
        link
        fedilink
        arrow-up
        13
        arrow-down
        4
        ·
        1 year ago

        And exploitation.

      • SatansMaggotyCumFart@lemmy.world
        link
        fedilink
        arrow-up
        1
        arrow-down
        11
        ·
        1 year ago

        Removed by mod

        • WhatIsThePointAnyway@lemmy.world
          link
          fedilink
          arrow-up
          12
          ·
          1 year ago

          You equate rich as better. You sound like quite the sycophant. Enjoy that.

          • SatansMaggotyCumFart@lemmy.world
            link
            fedilink
            arrow-up
            1
            arrow-down
            7
            ·
            1 year ago

            Removed by mod

            • WhatIsThePointAnyway@lemmy.world
              link
              fedilink
              arrow-up
              3
              ·
              1 year ago

              Removed by mod

              • SatansMaggotyCumFart@lemmy.world
                link
                fedilink
                arrow-up
                1
                arrow-down
                5
                ·
                1 year ago

                Removed by mod

                • conditional_soup@lemm.ee
                  link
                  fedilink
                  arrow-up
                  8
                  ·
                  1 year ago

                  I’ve got the version where Jesus tells rich people to give away all their belongings or they can’t get into heaven. Hope this helps.

                  • SatansMaggotyCumFart@lemmy.world
                    link
                    fedilink
                    arrow-up
                    2
                    arrow-down
                    6
                    ·
                    edit-2
                    1 year ago

                    Oh that’s the quote about threading a camel through an eye of a needle, right?

                • WhatIsThePointAnyway@lemmy.world
                  link
                  fedilink
                  arrow-up
                  2
                  ·
                  1 year ago

                  Removed by mod

    • Billiam@lemmy.world
      link
      fedilink
      arrow-up
      10
      ·
      1 year ago

      Ah yes, I too believe the lie that the wealthy got their wealth from being smarter and working harder than everyone else, and not because of vast amounts of luck combined with exploiting everyone underneath them.

    • PineRune@lemmy.world
      link
      fedilink
      arrow-up
      6
      ·
      1 year ago

      The truly rich are rich of soul. If you need help achieving enlightenment, I would be happy to help you and take some money off your hands.

      /s

      • SatansMaggotyCumFart@lemmy.world
        link
        fedilink
        arrow-up
        3
        arrow-down
        9
        ·
        1 year ago

        Give me some money first and I’ll give you half of it back.

        • Garbanzo@lemmy.world
          link
          fedilink
          English
          arrow-up
          3
          arrow-down
          1
          ·
          1 year ago

          Making deals like that it’s no wonder you aren’t rich

          • SatansMaggotyCumFart@lemmy.world
            link
            fedilink
            arrow-up
            2
            arrow-down
            5
            ·
            1 year ago

            Once they give me the money it’s all mine, but I’m not going to lead with that.

News@lemmy.world

news@lemmy.world

Subscribe from Remote Instance

Create a post
You are not logged in. However you can subscribe from another Fediverse account, for example Lemmy or Mastodon. To do this, paste the following into the search field of your instance: !news@lemmy.world

Welcome to the News community!

Rules:

1. Be civil

Attack the argument, not the person. No racism/sexism/bigotry. Good faith argumentation only. This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban. Do not respond to rule-breaking content; report it and move on.


2. All posts should contain a source (url) that is as reliable and unbiased as possible and must only contain one link.

Obvious right or left wing sources will be removed at the mods discretion. Supporting links can be added in comments or posted seperately but not to the post body.


3. No bots, spam or self-promotion.

Only approved bots, which follow the guidelines for bots set by the instance, are allowed.


4. Post titles should be the same as the article used as source.

Posts which titles don’t match the source won’t be removed, but the autoMod will notify you, and if your title misrepresents the original article, the post will be deleted. If the site changed their headline, the bot might still contact you, just ignore it, we won’t delete your post.


5. Only recent news is allowed.

Posts must be news from the most recent 30 days.


6. All posts must be news articles.

No opinion pieces, Listicles, editorials or celebrity gossip is allowed. All posts will be judged on a case-by-case basis.


7. No duplicate posts.

If a source you used was already posted by someone else, the autoMod will leave a message. Please remove your post if the autoMod is correct. If the post that matches your post is very old, we refer you to rule 5.


8. Misinformation is prohibited.

Misinformation / propaganda is strictly prohibited. Any comment or post containing or linking to misinformation will be removed. If you feel that your post has been removed in error, credible sources must be provided.


9. No link shorteners.

The auto mod will contact you if a link shortener is detected, please delete your post if they are right.


10. Don't copy entire article in your post body

For copyright reasons, you are not allowed to copy an entire article into your post body. This is an instance wide rule, that is strictly enforced in this community.

Visibility: Public
globe

This community can be federated to other instances and be posted/commented in by their users.

  • 1.41K users / day
  • 3.57K users / week
  • 7.02K users / month
  • 15.4K users / 6 months
  • 1 local subscriber
  • 29.3K subscribers
  • 14.7K Posts
  • 128K Comments
  • Modlog
  • mods:
  • rjc@lemmy.world
  • Thekingoflorda@lemmy.world
  • Tenthrow@lemmy.world
  • JonsJava@lemmy.world
  • gedaliyah@lemmy.world
  • 🌱 🐄🌱 @lemmy.world
  • jeffw@lemmy.world
  • enu@lemmy.world
  • Wren@lemmy.world
  • Admiral Patrick@lemmy.world
  • UI: 0.19.12-beta.0-4-g515eb451
  • BE: 0.19.12-beta.0-11-g19063ffc7
  • Modlog
  • Instances
  • Docs
  • Code
  • join-lemmy.org