Reply to Nearly half of Americans have $500 or less in their savings accounts

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]People aren’t not saving money just because of the high cost of living. They’re not saving because we’ve all be trained to constantly buy crap we don’t need. Our high levels of consumerism is the source of our strong economy. If you’ve lived in other countries, as I have, you will quickly see that, while people everywhere like to shop or at least window shop, they don’t have as much junk as we do. They don’t have Amazon packages arriving every few days, they aren’t making frequent  Costco and Target “runs” and filling their homes with months of supplies, etc etc. Granted, one reason is that they tend to have smaller homes than we do, but they also aren’t as shopping/spending crazy as we are. Spending too much and saving too little is literally built into our consumer society.  [/quote]

Ok, so why were Americans savings at record levels PRE-COVID under the Trump administration?[/quote]

I don’t know that to be true. Can you provide a link?

Our spending habits have little to do with who is president. They are baked into our culture. During Covid people saved money because they weren’t going out of their homes as much. Then, when things started opening up, they started spending again and many blew through their savings. 
[/quote]

Right. I don't know of anyone who is not making money now, and I am working class in the Midwest.  My Facebook feed us chock full of people going on trips and out to dinner.
[/quote]

And all the while claiming the economy is so bad!

My sister just bought a new RV
and then complains about the price of gas.[/quote]

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