Consumers are spending more and saving less, new federal data shows

Both consumer spending and personal income increased, according to the latest report from the Bureau of Economic Analysis. However, spending growth outpaced income growth.

[@mina_loi]

it should be ILLEGAL for food companies to raise the price of their product while decreasing the actual portions of food in the packaging. this happens mostly with jarred and canned foods, like tuna and vegetables.

[@aaron0000123]

Half of America is stuck trying to afford tomorrow and the rest are out here blowing tens of thousands of boating trips, expensive cars, nonsense, atvs etc. people are being sold products that wont last, and being sold a lifestyle that is not sustainable.

[@gusbarrera417]

Americans have no choice but to spend more money since everything costs alot more than ever before.

[@RicoRaynn]

Was my first thought as well.
I’m still saving a solid amount. Pocketed over 16k last year, but my groceries alone skyrocketed about $30-50 a week since Biden started his ‘economic plan’.
And that doesn’t count gas, insurance, utilities, or anything else. Gotten a bit rougher these last couple years.

[@gusbarrera417]

@@RicoRaynn, its great that you're saving...and one of the few fortunate able to do so.
However, since money is going to zero and we're headed for a reset, it'd be a good idea to store long term nonperishable food and water for whats headed our way and some type of alternative energy source, if you haven't already done so.

[@ham5635]

so we are spending everything we got and its still a recession? damn thats messed up

[@kimb2379]

Is it spending money by charging what they want on credit cards? That would be my guess…

[@timelapsega]

Watch some of Caleb Hammer's financial audits and it becomes clear what the problem is. There are people with $100k in CONSUMER debt, like Rooms to Go, Best Buy, etc. One girl on there literally thought a credit card with a $4000 limit was a card with a free $4000 on it, she seriously had to ask "what is debt?"

[@thatguy3925]

Yea thats called, inflation.

[@Angel-Azrael]

No sht

[@WhiteLion513]

FJB

[@LSPalm]

Ceos and price hikes are not the govs doing pizzaboy. We are not a socialist nation. Where gov sets prices. You sublimation commies