Doom spending and inflation

[Robert Urbanek]

While nearly 96% of Americans are concerned about the economy, more than a quarter are “doom spending,” or spending money despite economic and geopolitical concerns.

Gen Z and millennials are particularly susceptible to this mindset . . . we’re seeing people mindlessly shop to soothe concerns about the economy and foreign affairs, which could take a toll on their financial wellbeing,” said Courtney Alev, Credit Karma’s consumer financial advocate.

Prices are less likely to go down if young consumers are willing to pay for immediate gratification, regardless of the price. Most likely, those consumers will simply take the easier financial path of saving money by not having children.

Of course, no politician is going to hold any consumer even partially responsible for the high cost of living.

https://www.cnbc.com/2023/11/29/americans-are-doom-spending-heres-why-thats-a-problem.html

 

[sparky]

You do realize the petro$$ is now the BRIC$$ Rob? ~S~

 

[Mikeoxenormous]

While nearly 96% of Americans are concerned about the economy, more than a quarter are “doom spending,” or spending money despite economic and geopolitical concerns.

Gen Z and millennials are particularly susceptible to this mindset . . . we’re seeing people mindlessly shop to soothe concerns about the economy and foreign affairs, which could take a toll on their financial wellbeing,” said Courtney Alev, Credit Karma’s consumer financial advocate.

Prices are less likely to go down if young consumers are willing to pay for immediate gratification, regardless of the price. Most likely, those consumers will simply take the easier financial path of saving money by not having children.

Of course, no politician is going to hold any consumer even partially responsible for the high cost of living.

https://www.cnbc.com/2023/11/29/americans-are-doom-spending-heres-why-thats-a-problem.html

Do you think having millions of diseased illegals here also spending money that was given to them by the government, is making prices a little high?

 

[Oddball]

Make the people's money worth 20% less, then criticize them when they spend that money while it still has its value!

 

[Crepitus]

While nearly 96% of Americans are concerned about the economy, more than a quarter are “doom spending,” or spending money despite economic and geopolitical concerns.

Gen Z and millennials are particularly susceptible to this mindset . . . we’re seeing people mindlessly shop to soothe concerns about the economy and foreign affairs, which could take a toll on their financial wellbeing,” said Courtney Alev, Credit Karma’s consumer financial advocate.

Prices are less likely to go down if young consumers are willing to pay for immediate gratification, regardless of the price. Most likely, those consumers will simply take the easier financial path of saving money by not having children.

Of course, no politician is going to hold any consumer even partially responsible for the high cost of living.

https://www.cnbc.com/2023/11/29/americans-are-doom-spending-heres-why-thats-a-problem.html

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