it’s definitely not a good thing long-term for individualsTDub wrote: ↑Thu Oct 26, 2023 11:03 amI agree thats the general trend. It'll don't think it's a good thing long term though. We're gonna have some serious problems in 20 or 30 years when we're all in need of retirement and health services that nobody can afford.KUTradition wrote: ↑Thu Oct 26, 2023 10:29 am except:
Thursday's report on the nation's gross domestic product — the economy's total output of goods and services — showed that consumers drove the acceleration, ramping up their spending on everything from cars to restaurant meals. Even though the painful inflation of the past two years has soured many people's view of the economy, millions have remained willing to splurge on vacations, concert tickets and sports events.
seems like i’ve been saying this for months…Americans writ large have decided they don’t care; they’re going to keep spending regardless
‘muricans in general don’t save enough, and when coupled with 1) social security solvency issues, and 2) our broken healthcare system, it seems there is definitely reason to worry
but, it also seems like a major reason for the lack of a full on recession…at least thus far