361
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 26 Nov 2023
361 points (97.1% liked)
News
23406 readers
2005 users here now
Welcome to the News community!
Rules:
1. Be civil
Attack the argument, not the person. No racism/sexism/bigotry. Good faith argumentation only. This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban. Do not respond to rule-breaking content; report it and move on.
2. All posts should contain a source (url) that is as reliable and unbiased as possible and must only contain one link.
Obvious right or left wing sources will be removed at the mods discretion. We have an actively updated blocklist, which you can see here: https://lemmy.world/post/2246130 if you feel like any website is missing, contact the mods. Supporting links can be added in comments or posted seperately but not to the post body.
3. No bots, spam or self-promotion.
Only approved bots, which follow the guidelines for bots set by the instance, are allowed.
4. Post titles should be the same as the article used as source.
Posts which titles don’t match the source won’t be removed, but the autoMod will notify you, and if your title misrepresents the original article, the post will be deleted. If the site changed their headline, the bot might still contact you, just ignore it, we won’t delete your post.
5. Only recent news is allowed.
Posts must be news from the most recent 30 days.
6. All posts must be news articles.
No opinion pieces, Listicles, editorials or celebrity gossip is allowed. All posts will be judged on a case-by-case basis.
7. No duplicate posts.
If a source you used was already posted by someone else, the autoMod will leave a message. Please remove your post if the autoMod is correct. If the post that matches your post is very old, we refer you to rule 5.
8. Misinformation is prohibited.
Misinformation / propaganda is strictly prohibited. Any comment or post containing or linking to misinformation will be removed. If you feel that your post has been removed in error, credible sources must be provided.
9. No link shorteners.
The auto mod will contact you if a link shortener is detected, please delete your post if they are right.
10. Don't copy entire article in your post body
For copyright reasons, you are not allowed to copy an entire article into your post body. This is an instance wide rule, that is strictly enforced in this community.
founded 1 year ago
MODERATORS
Someone feel free to explain these two simultaneous headlines-
I'd say you're spot on with this, I'd love to see the stats of spending prior to black Friday... betting it was lower than all last years.
Plus people are maxing out debt
Probably this, on the heels of: https://lemmy.world/post/8643298
So spending is probably up, but it's just deepening the debt hole. We'll see where the bottom of that is soon enough...
I know no one with a lower rent than my mortgage. Literally no one.
I likely do, nice to meet you.
I also don't pay taxes, maintenance, or homeowners insurance. I only have to pay to insure my things.
You can argue those costs are baked into my $1250 rent, and you're probably right, but I guarantee it's less than your mortgage and associated costs would be where I live.
The Black Friday article in the picture basically explains the last part of your comment. Everyone waited for sales all year and spent now
People who feel bad buy things to feel better. They might not be able to afford a new house or a car or medical care, but they’ll spend something on gifts.
Also, maybe it’s members of the owning class buying things. They’re getting more money all the time, whether the economy does “good” or not. So they’ve always got money to blow on shit.
Plus it specifically says online sales. Online sales could be up 7.5%, but brick and mortar store sales could be down 50% for all we know.
You can buy a tv for cheaper than a loaf of bread.
Jesus, what kind of bread are you eating?
Only the best ritziest! I saved all year for it.
Sure, no problem. Spending rose by 7.5%, inflation until recent months was at 10%. Net real sales is down by 3.5%. People are spending more for less. This is why we are gloomy. Still, I recognize things are getting better on the macro level.