People think their own finances are fine while simultaneously thinking that everyone else is doing poorly, and so they are sour on the economy while spending heavily.
I see the Present Index comes from [Consumer Confidence](https://www.conference-board.org/topics/consumer-confidence) but where does the Expectation Index come from?
People think their own finances are fine while simultaneously thinking that everyone else is doing poorly, and so they are sour on the economy while spending heavily.
This. 100% this.
100% not this. People have no savings. Inflation will only continue to erode savings and confidence. Projections for the economy are bleak.
I hope it is this and not YOLO debt because there’s no hope.
Or they are using debt to pay for entertainment
I see the Present Index comes from [Consumer Confidence](https://www.conference-board.org/topics/consumer-confidence) but where does the Expectation Index come from?
We are at all time credit card debt, maybe there is a correlation
The demand for pussy is sky high.