It's been recently reported that Americans are spending 💰 money like never before - a lot of money! Why do you think this is?

[sage2021]

I'm thinking 🤔 that they know that we're probably headed for a bigger recession than we're already in and they want to buy things that they might not be able to even buy in the near future. So get it now while you still can kinda thinking.
I believe that anxiety is playing a big role and people get a dopamine rush from retail therapy. Buying things makes them feel better and maybe temporarily happy even.
These are depressing times for a lot of us. The uncertainty of our future creates anxiety. Just the headlines in my notifications on my phone gives me a headache.🤕
Things like hundreds of people have been laid off! Social Security alerts ⚠️ every single day repeatedly.
I'll stop 🛑 now. Thank you for your opinions.

[Sal_Monella]

I have no earthly idea. My grandparents were from Sicily. They realized that they had to squeeze value out of every single penny. I learned to live on the cheap. I drive a 20 year old used car. I live in a small 70 year old house. My watch looks like a Omega Submariner, But it is actually an Invicta. Learn within your means. And if you can't afford it, you don't deserve it. Tell your kids that. Tell yourself that.

[Sunrising]

I don't know if your report is true or not, but if it is, I would say it's because they're the President's supporters, and they're are helping the government, by paying the increased tarrifs/taxes on the goods

[sage2021]

@Sunrising

https://youtu.be/wZCrtBszPkQ?si=DQe28oOBMS5ZbATS

https://youtu.be/wZCrtBszPkQ?si=U0Th89mrws417_5g

[douride2]

That is odd I haven't heard or seen anything that would say people are spending big money these days. The only thing I am spending money on is groceries & my heat & power bills.

[FreyaRed]

Inflation means more money in system, technically it very likely people spend more however it doesn't mean this more money has higher real value.

[exitseven]

they are confident that the economy will grow,

[sage2021]

@exitseven

Well it's growing really great for companies that sell food!!
Groceries will never be less expensive. You never talk about what really counts like food.

[exitseven]

After a bout of inflation it always takes a long time for prices to go back down and in a lot of cases they never go back. However it is hard to forget that during the Biden administration prices went up a lot every single week. They certainly have not been doing that during the last year. People think that when you end inflation that prices drop. The sad fact is that they just do not get more expensive.

[888theGreat]

They are fools , and when the ship sinks they won;t have anything to fall back on

[Mike_Hum]

You all have been predicting a recession for over a year. The economy keeps growing. Keep up the good work 👍

[sage2021]

@Mike_Hum

It might seem like the economy is growing but a lot of the spending 💰 goes on credit cards 💳 that most people never pay down or off.
It's all done with smoke and mirrors.

[Mike_Hum]

@sage2021 speak for yourself.

[sage2021]

@Mike_Hum

Oh, okay, now you want me to speak for myself. I pay for whatever I buy, no credit cards.

[888theGreat]

Only in your small , screwed up Mind. They will take your house, car, dog, and you will be saying great Trump is. Your God.

[Mike_Hum]

@888theGreat I think you need to take your meds

[888theGreat]

yep Sage , when you spend twice as much for an item , It look like growth. Inflation

[Mike_Hum]

@888theGreat like the inflation under Biden? That inflation?

[888theGreat]

Yes, higher costs , groceries, housing, rent, they have 10 credit cards maxed buying groceries. Lots of borrowed money. No one is really making money but really rich friends of Trump.

[FunkyMonkee]

We have more to spend and the prices are going down.

[Anonymous]

If I knew we were heading for bad times, I would be spending less and not more.

[888theGreat]

if the economy Collapses and with Trump it looks like it might. You need supplies. Some have probably given up and want to go out in style

[shortster]

Inflation