Americans are saying that the economy is horrible when people ask them questions for the polls but in reality is it terrible? Unemployment is so low, inflation is dropping, and the big kicker is that people are still spending loads of money!
Although Americans are saying that the economy is bad, it is not topping us from racking up credit card debt for the leisurely activities people want to do. This article specifically mentions the fact that American have spent LOADS of money on Taylor Swift tickets, but we can see this in a bunch of other purchases made by Americans.
In the article it mentions that young adults cannot afford a house with the high prices and mortgage rates. This all goes hand in hand together with young adults being okay to spend money on other tangible fun things to do rather than a house and to live paycheck to pay check. It is really interesting and I wonder what I am going to walk into when I graduate this upcoming Spring.
https://www.cnn.com/2023/11/08/business/consumer-spending-us-economy-nightcap/index.html
