Re:Online installment loans have taken the subprime market b...
by Aperocky on Tuesday October 29, 2019 @04:33PM
(#21391661)
And once people realize that and begin to change the consumer culture, that's when the next market crash happen and 10% of all workers get laid off.
Saving is opposite of spending, when a lot of people spend less, they'll also earn less, some more disproportionately, this cycle continues until its a great depression.
You can start from a high saving society to a high spending society and enjoy years of boom, or you can jump of a cliff - 70% of US economy is consumer spending, as in, most everyone's salary is supported by that. You can't save when you are jobless.
Saving is opposite of spending, when a lot of people spend less, they'll also earn less, some more disproportionately, this cycle continues until its a great depression.
You can start from a high saving society to a high spending society and enjoy years of boom, or you can jump of a cliff - 70% of US economy is consumer spending, as in, most everyone's salary is supported by that. You can't save when you are jobless.