3 ms·
GDP growth doesn't care about whether spending is on durable or consumable goods. If anything, falling aggregate spending on durable goods is probably hampering
by legitster 5y ago
GDP growth doesn't care about whether spending is on durable or consumable goods. If anything, falling aggregate spending on durable goods is probably hampering our GDP overall.
A lot of this consumer preference - people just want new things more often than they want things that last. And social media has probably accelerated the half-life decay of trends to chase.