Americans have now spent all $2.1 trillion of their pandemic savings, San Francisco Fed says

fortune.com

cross-posted to:
news@lemmy.world

Americans have now spent all $2.1 trillion of their pandemic savings, San Francisco Fed says

fortune.com

return2ozma@lemmy.world to

Collapse@lemmy.mlEnglish · 8 months ago

cross-posted to:
news@lemmy.world

Consumer spending hit a peak of $85 billion per month last fall.

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This is the place for discussing the potential collapse of modern civilization and the environment.

Collapse, in this context, refers to the significant loss of an established level or complexity towards a much simpler state. It can occur differently within many areas, orderly or chaotically, and be willing or unwilling. It does not necessarily imply human extinction or a singular, global event. Although, the longer the duration, the more it resembles a ‘decline’ instead of collapse.

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