this post was submitted on 28 Feb 2025
2 points (100.0% liked)

Finance

45 readers
11 users here now

Use this community to talk about and share finance and financial news.

founded 3 months ago
MODERATORS
realcaseyrollins@thelemmy.club
2
Rich People Are Firing a Cash Cannon at the US Economy—But at What Cost? (www.bloomberg.com)
submitted 1 day ago* (last edited 1 day ago) by misk@sopuli.xyz to c/finance@thelemmy.club
0 comments fedilink hide all child comments
 

Allowing wealth to distort the economic picture also just makes the state of things more difficult to understand, both for economists and for regular people. The usual economic indicators don’t add up to a coherent picture: Prices go up, consumer-debt delinquencies spike or hiring stagnates, but consumer spending doesn’t pull back and the stock market remains buoyant. Does that mean Americans are actually doing fine?

Mirror: https://archive.is/20250228110307/https://www.bloomberg.com/news/articles/2025-02-28/wealthy-americans-fuel-half-of-us-economy-consumer-spending

no comments (yet)
sorted by: hot top controversial new old
there doesn't seem to be anything here