Consumer spending hit a peak of $85 billion per month last fall.
    • iopq@lemmy.world
      62·
      2 年前

      People spending all their savings is a consumer confidence indicator. Almost never a recession indicator

      • venusaur@lemmy.worldBanned from community
        7·
        2 年前

        But if they’ve spent all their savings they might not have money for things like a mortgage going forward

        • ultranaut@lemmy.world
          42·
          2 年前

          Unemployment is still very low, there’s likely not enough people in that kind of situation to have a significant impact on the housing market.

    • Furbag@lemmy.world
      4·
      2 年前

      I thought for sure the housing market would implode after the moratorium for evictions during COVID expired.

      I was wrong. Corporations just own too much real estate for something like that to make a dent.

      • venusaur@lemmy.worldBanned from community
        4·
        2 年前

        Yeah it’s nuts. And nobody talking about laws to prevent stuff like this.