this post was submitted on 18 May 2024
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Why are Americans spending so much? (www.vox.com)
submitted 5 months ago by jeffw to c/business
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[–] [email protected] 19 points 5 months ago (1 children)

I don't remember where I heard this but it resonated with me: People are still spending like there's no tomorrow, because they sense that there's no tomorrow.

[–] [email protected] 2 points 5 months ago

Yeah, that tracks. It has at least partially affected my spending. I relaxed my miserly habits a year or two ago when realizing I have no retirement future and no idea what I’m realistically saving for. So I’ve stopped delaying small comforts and experiences I would have scrutinized much more in the past.