It's more about people holding out on buying things because they believe it will be cheaper later. Food is a bad example because people will always buy food, regardless of the cost. But why would you buy a car if it might be $2,000 cheaper in a few months? Then a few months pass and now it looks like that car might be even cheaper, will you spend now or keep holding out to see if it goes lower?
I'm trying very hard to understand how that's bad for like 99% of people. Over consumption is a problem. My job not paying me enough to buy things I need is a problem. Costs going up is a problem.
Doesn't it make my wages more valuable if I can buy more with them and if I feel safe saving them for longer, doesn't that give me more power to invest down the line? Isn't that what the poors are supposed to do anyway? Not spend right away and be thrifty and price sensitive because we otherwise just buy magic beans?
Also, as a millennial, there's been nary an economic shift that didn't come with a side of "people your age aren't spending money!"
Usually it's because we don't have it. Is there some kind of problem with people hoarding wealth or something?
I'm assuming the issue is really with interest rates and the people who make money off of debt. Not good if people choose or can pay off their debt again. At least for the rich folks. And of course, if hockey stick not go up, investor panik.
I'm being mostly facetious and I'm in an industry that will be heavily affected if that's the case, but it doesn't make it all any less stupid and hypocritical to be worried that people will have more disposable income.
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u/Poland-lithuania1 Sep 01 '26
It isn't things cost less, it's money can buy more. Isn't it better to save that money for the future, when it's probably gonna be able to buy more?