- Why are American consumers spending so much? They say the economy is bad, but they’re spending like it’s booming. For more than a year, economists have warned about the “death of the consumer” and a resulting recession — neither of which have materialized. https://www.vox.com/money/24159281/consumer-spending-economy-inflation-interest-rates 266 comments economy
Linking pages
- Psychedelics and chronic pain: For people suffering some of the worst pain in the world, psychedelics offer a lifeline - Vox https://www.vox.com/future-perfect/2024/5/15/24156372/psychedelics-chronic-pain-cluster-headache-medicine-lsd-psilocybin 20 comments
- Why can’t prices just stay the same? - Vox https://www.vox.com/videos/2024/5/15/24156392/inflation-high-prices-deflation 13 comments
Linked pages
- OpenAI departures: Why can’t former employees talk, but the new ChatGPT release can? - Vox https://www.vox.com/future-perfect/2024/5/17/24158478/openai-departures-sam-altman-employees-chatgpt-release 1039 comments
- Why the OpenAI superalignment team in charge of AI safety imploded - Vox https://www.vox.com/future-perfect/2024/5/17/24158403/openai-resignations-ai-safety-ilya-sutskever-jan-leike-artificial-intelligence 260 comments
- Affluent Americans are driving US economy and likely delaying need for Fed rate cuts | AP News https://apnews.com/article/inflation-economy-wealth-rates-federal-reserve-cuts-9290216e89cbd7a3a0d2be66041aeaf8 246 comments
- High Interest Rates Are Hitting Poorer Americans the Hardest - The New York Times https://www.nytimes.com/2024/05/14/business/economy/interest-rates-inequality.html 211 comments
- Credit card balances jump 8.5% year over year — delinquencies rise https://www.cnbc.com/2024/05/16/credit-card-balances-jump-8point5percent-year-over-year-delinquencies-rise.html 144 comments
- The Cost of Money is Part of the Cost of Living: New Evidence on the Consumer Sentiment Anomaly | NBER https://www.nber.org/papers/w32163 39 comments
- Why Greg Abbott’s pardon of far-right killer Daniel Perry is chilling - Vox https://www.vox.com/politics/2024/5/17/24159084/daniel-perry-pardon-greg-abbott-samuel-alito-flag 30 comments
- Surveys of Consumers http://www.sca.isr.umich.edu/ 29 comments
- United States Personal Savings Rate - September 2022 Data - 1959-2021 Historical https://tradingeconomics.com/united-states/personal-savings 27 comments
- Excess savings kept the economy afloat. What happens when they’re gone? - Vox https://www.vox.com/policy/23998805/pandemic-excess-savings-us-economy-recession 24 comments
- Spending Down Pandemic Savings Is an “Only-in-the-U.S.” Phenomenon - Liberty Street Economics https://libertystreeteconomics.newyorkfed.org/2023/10/spending-down-pandemic-savings-is-an-only-in-the-u-s-phenomenon/ 5 comments
- How to shop amid inflation and supply chain problems - Vox https://www.vox.com/recode/2022/10/19/23410720/supply-chain-fix-holidays-pandemic 0 comments
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