Comment on 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

Adalast@lemmy.world ⁨5⁩ ⁨months⁩ ago

• return2ozma@lemmy.world ⁨5⁩ ⁨months⁩ ago

  A lot of younger people are maxing out credit cards and Buy Now Pay Later money lenders and then not paying it back.

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  • LemmyKnowsBest@lemmy.world ⁨5⁩ ⁨months⁩ ago

    Yeah but that only works for about a month. Then they are toast.

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    • Randomgal@lemmy.ca ⁨5⁩ ⁨months⁩ ago

      No no. You max everything out then go bankrupt. Like the big companies do.

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