• Tygr@lemmy.world
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    1 year ago

    Above normal. The data suggests US citizens still have credit limit or not feeling the pinch as all the news articles suggest.

    I was expecting a big decrease this year according to what I’ve seen on lemmy. From now on, I’ll read negative news and say “meh, probably not.”

    • rambaroo@lemmy.world
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      1 year ago

      It isn’t just lemmy, there’s plenty of external evidence showing that people think the economy is in a bad state. Changing your entire perspective because of big spending day on black Friday makes no sense.

      • Tygr@lemmy.world
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        1 year ago

        Not just a big spending day, an all-time record-breaking spending day, up 7.5%. That’s absolutely insane and doesn’t jive. If everyone is hurting, can’t pay their rent and bills, credit is maxed out, then how did they also crush this record on inflation-priced “sales?”

        All I’ve said, I’m choosing to go by data, not news agenda. BF helped me realize our economy is thriving. That’s great!

          • Tygr@lemmy.world
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            1 year ago

            Wealth gap. What you are actually saying is everyone is being squeezed, allowing corporations to sell less and make more.

            This is why I’m kinda pissed off about it all. Americans all went shopping and kept spending as per usual, which allows corporations to report “green” to investors and continues to allow unbelievable CEO / executives wildly insane pay to continue.