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

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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

https://fortune.com/2024/05/19/economic-outlook-consumer-sentiment-inflation-high-rates-saving-american-dream-spending-labor-market/

"This positive spending is not a reflection of some sort of internalized secret sense of confidence that consumers have."

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