@return2ozma@lemmy.world to A Boring Dystopia@lemmy.world • 6 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-up1160arrow-down10cross-posted to: news@lemmy.world
arrow-up1160arrow-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.com@return2ozma@lemmy.world to A Boring Dystopia@lemmy.world • 6 months agomessage-square24fedilinkcross-posted to: news@lemmy.world
minus-square@return2ozma@lemmy.worldOPlinkfedilink4•6 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-square@LemmyKnowsBest@lemmy.worldlinkfedilink1•6 months agoYeah but that only works for about a month. Then they are toast.
minus-square@Randomgal@lemmy.calinkfedilink2•6 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.