Americans have now spent all $2.1 trillion of their pandemic savings, San Francisco Fed says

https://lemmy.world/post/15142964

Americans have now spent all $2.1 trillion of their pandemic savings, San Francisco Fed says - Lemmy.World

Corporations: thank you for your money 🙏

Also corporations: people are just irresponsible with money and all welfare programs should be cut and in turn corporate taxes should be lowered.

The saddest thing is how this generation praises people for spending money while scoffs at those who save it.

It really is backwards.

What the hell are you talking about about? Who is out there “scoffing” at those who save?

Sometimes I wonder how awesome the Internet would be if people didn’t constantly spout some made up bullshit as fact.

People do tend to follow the “parked money is lost money” mentality, but that’s more about saving vs investing.