10 Best Insights Into Americans Spending Like Crazy Despite High Inflation

Americans have gone on a seemingly endless spending spree while the Federal Reserve has indicated that interest rates could go even higher and faster than expected.

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What is going on is much different from the usually more cautious mood of the American public, mainly during economic trouble or after a turbulent time in history.

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No one wants to make big purchases, but they feel safe enough to spend much money on smaller items.

When inflation rises, there is a perception that the value of your money is lost.

Simply stated, people don’t care anymore. After three years of the pandemic, they must do whatever they want and gratify their immediate desires.

A commenter created this idea: people aren’t thinking with their heads. They aren’t reasoning or thinking at all.

Specifically, a commenter questioned what the statistics were regarding the people who were spending the most money.

During the worst part of the pandemic’s economic crunch, our government paused student loan payments, and many people might have forgotten about that.

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10 Best Insights Into Americans Spending Like Crazy Despite High Inflation

Americans have gone on a seemingly endless spending spree while the Federal Reserve has indicated that interest rates could go even higher and faster than expected.

What is going on is much different from the usually more cautious mood of the American public, mainly during economic trouble or after a turbulent time in history.

No one wants to make big purchases, but they feel safe enough to spend much money on smaller items.

Don’t Spend Big. Spend Little.

When inflation rises, there is a perception that the value of your money is lost.

Inflation Is Stealing Your Money

Simply stated, people don’t care anymore. After three years of the pandemic, they must do whatever they want and gratify their immediate desires.

The Pandemic Changed Everything

A commenter created this idea: people aren’t thinking with their heads. They aren’t reasoning or thinking at all.

Emotional Spending

Specifically, a commenter questioned what the statistics were regarding the people who were spending the most money.

YOLO

During the worst part of the pandemic’s economic crunch, our government paused student loan payments, and many people might have forgotten about that.

Pause

Swipe up to read the full post!

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