return2ozma@lemmy.world to A Boring Dystopia@lemmy.world · 2 years 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-up1161cross-posted to: usa@lemmy.mlnews@lemmy.world
arrow-up1161external-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 · 2 years agomessage-square24fedilinkcross-posted to: usa@lemmy.mlnews@lemmy.world
minus-squarereturn2ozma@lemmy.worldOPlinkfedilinkarrow-up4·2 years 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-up1·2 years agoYeah but that only works for about a month. Then they are toast.
minus-squareRandomgal@lemmy.calinkfedilinkarrow-up2·2 years 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.