Quote:
Originally Posted by tony286
Not really the economy works on spending. Unless expectations change radically and people accept having less in life. Cheap credit made the middle class very unawAre that wages have been flat for a very long time.
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I disagree. I think buying less on credit and saving money gives people the confidence to make new smarter purchases that actually might improve their life. People are still spending on state of the art mobile devices like iphones and androids, but they are buying that useless shit any more including all those home upgrades or furniture they buy on credit and then can't afford to make their home payments.