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Americans feel more and more glum, data shows. Economists are over it (www.usatoday.com)

submitted 2 weeks ago by cm0002@europe.pub to c/usa@midwest.social

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[–] SnotFlickerman@lemmy.blahaj.zone 10 points 2 weeks ago (2 children)

It's been a non-stop inflation show for six years and they can't figure out why people want to buy shit before they can no longer afford those things due to the rapid inflation?

I spent more than I wanted to and should have on PC parts in the last year... But waiting risked the prices going even higher and becoming more unaffordable (which yes fucking happened with the items I got which are now MUCH more expensive than they already were).

Like the idea that they can't put together a strong economy comes from the poorest scrambling to get their before their last chance to do so dries up.

We all know this is unsustainable and collapse is inevitably coming. Why wouldn't we be spending now to prepare for the collapse?

[–] HubertManne@piefed.social 6 points 2 weeks ago

It all goes back to wealth disparity. the amount out there keeps pushing up what prices should be but its not in the hands for regular folk. musk could buy all the wheat produced this year and still be the richest man in the world.

[–] Addv4@lemmy.world 4 points 2 weeks ago

Yeah. I finally got around to upgrading everything in my desktop this past year (rx 9070xt, ryzen laptop chip mobo combo with 16c/32t, 48gb of ram, and dual Samsung 990 pro 4tbs), and I did a quick price check recently, and my $1500 was now closer to $2.5-3k. It honestly amazes me how much it has gone up in the last year. Bonus points, I got some 18tb recertified drives for off-site at the same time for $250 a piece, now the same seller is offering them for $550 and still seems to be going up in price.

[–] zabadoh@ani.social 1 points 2 weeks ago

But what are they spending it on?

There's such a thing as shopping therapy for useless and speculative items, like Pokemon cards and Trader Joes bags, and also spending on numbing substances like alcohol and drugs are more indicative of an unhealthy social structure.

[–] GreenBean@lemmy.today 1 points 2 weeks ago

It takes data?