Actions speak louder than propaganda. US consumers spent over 10%+ more on Black friday this year compared to 2023. Far outpacing inflation and constructed narratives of slow economy.

18 comments

1. top 10% in US owns 70% of wealth

   the bottom 90% just do NOT matter at all to congress / Fed

2. Uhh, propaganda handed the entire government to lunatics, I wouldn’t say the disconnect is anything to be applauding.

3. There is a trend here.

   When times are good and people have a lot of money they think they can get even more money with R tax cuts, corporate & bank deregulation, etc. – and republicans win. See every election since Eisenhower.

   When times are bad and people are actually hungry and lose their homes they know corporations or tax cuts will not help them – and democrats win. See every election since Eisenhower.

4. *cough cough*

   Well duh, everyone is loading their credit cards up.

   [https://www.wate.com/news/credit-card-debt-is-soaring-what-to-know-about-getting-out-of-it/](https://www.wate.com/news/credit-card-debt-is-soaring-what-to-know-about-getting-out-of-it/)

5. I love it. My investment portfolio appreciates their sacrifice. A win-win for everyone.

6. You will really like the economy after you see the total cost of buying those new plastic toys you won’t pay off until 2027.

7. That’s because everything is more expensive.

8. Is this adjusted for inflation?

   If inflation went up by 20% and consumers spent 10% more than last year then they really spent 10% less than last year.

   People are still spending but calling it more without answering for inflation would be dishonest and actual propaganda.

9. I didn’t get to buy anything for my kids

10. But also this:

    [**Target tumbles 22% after its sales and earnings fall short. Here’s what went wrong.**](https://www.cbsnews.com/news/target-stock-down-earnings-miss-what-went-wrong/)

    [**McDonald’s plans $5 US meal deal next month to counter customer frustration over high prices**](https://apnews.com/article/mcdonalds-value-meal-deal-bda434c5a939b610a9c1fc09446a38d1)

    [**Starbucks shares slide after coffee chain says sales fell again, suspends outlook**](https://www.cnbc.com/2024/10/22/starbucks-shares-slide-after-preliminary-results-show-sales-fell-again.html)

    There’s some complexity to the whole thing. “How’s the economy doing?” can get answered a million ways. One thing’s for sure, cable news blows everything out of proportion.

11. Isn’t this because of the fear of Tarrifs?

12. part of it is panic spending due to upcoming tariff that makes everything way more expensive

13. The one side expects their Trump – Messiah to actually Make America Great Again. They can spend in confidence that everything is going to get much better.

    The other viewpoint is that this is possibly the last opportunity to have a nice family celebration before it all comes crumbling down.

14. Don’t worry!! We can still find reasons for layoffs!!

15. I think everyone sees the world is about to fall the fuck apart so they are spending because fuck it.

16. How about the fear of high dollar purchases costing 10-25% more in the next 4 yrs?

17. Rich people spend their money the economy is fixed guys!!1!1!1 in other news water is wet

18. I stock up a lot of necessities like diapers, napkins, milk powders that are on promo because I know next year they will be a lot more expensive for sure. I’m not rich btw. 

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