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Reply to "Why does it feel like people have unlimited budgets, even with crazy inflation?"
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[quote=Anonymous][quote=Anonymous]Shouldn't the high inflation tamp down demand, even a little? It seems like even though everyone is complaining, they are all just coughing up the money and not actually changing their purchase patterns. Does it feel this way to anyone else?[/quote] Previous purchase patterns can’t continue in aggregate. See UPS earnings and their comments on the shift in consumer behavior. However, individuals around you may shrug off higher costs due to their career trajectories. Reminds me of the thread about the economic divide growing wider mid-career. [/quote]
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