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>America is spent out. The US personal savings rate is under 5%. Everything else gets spent, and the saved money gets spent later. There's no "pent-up demand" w
by hugh4 11y ago
>America is spent out. The US personal savings rate is under 5%. Everything else gets spent, and the saved money gets spent later. There's no "pent-up demand" waiting to be unlocked by advertising.
Though potentially you could persuade people to work harder.
Take me, for instance. I could theoretically retire, if I were happy to live, Mr Money Mustache style, on a very modest income. But every time I pass one of those Jaguar billboards I am reminded to keep working so I can retire later with shinier objects.