Yeah, record low unemployment and record high net worths. No idea how discretionary spending is so up right now.....
1. Years spent on education
2. Years spent saving your money when times get tough and prices go up
3. Now sitting on tons of cash with nothing better to do than SPEND it whether there is inflation or not doesnt matter they are in the spend part of the cycle
No idea how people can't understand the spending habits of people who have money
Huh? Did the economy make you do that? Would a different economy made those years less?
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2. Years spent saving your money when times get tough and prices go up
Prices are going up because of increased consumer spending. So exactly my point.
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3. Now sitting on tons of cash with nothing better to do than SPEND it whether there is inflation or not doesnt matter they are in the spend part of the cycle
So you were smart enough to save at step 2 but suddenly forgot the concept in step 3?
BTW, if no one has any money how do they have all this extra sitting around to spend out of boredom? LOL.
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No idea how people can't understand the spending habits of people who have money
What? Sorry you are bad with money but that isn't my fault or the economy's. I can promise you with a mindset like "now sitting on tons of cash with nothing better to do than SPEND it " you are going to be broke in any economic situation.
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2. Years spent saving your money when times get tough and prices go up
3. Now sitting on tons of cash with nothing better to do than SPEND it whether there is inflation or not doesnt matter they are in the spend part of the cycle
No idea how people can't understand the spending habits of people who have money
BTW, if no one has any money how do they have all this extra sitting around to spend out of boredom? LOL.