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As a layman, I am seeing coming inflation. We are seeing lowest credit card debt, lowest mortgage and more savings. Once economy will be reasonably open, people
by Ballu 6y ago
As a layman, I am seeing coming inflation. We are seeing lowest credit card debt, lowest mortgage and more savings. Once economy will be reasonably open, people will try to go on vacation, have more parties, more flights, more clothes (fancy as well as official etc). Till now, people were putting money in stack, bitcoin and online shopping (whcih is replacement). I am saying this for some times. But in few months, people will try to use their co called created wealth.
- tonyedgecombe 6y agoOn the other hand it could lead to a shift in thinking. In a recession people tend to save more because of a fall in confidence. I'm sure many people will have had their confidence in their economic future shattered. It could change their outlook permanently.