It wasn’t “fast spending”, it was spending on necessities, but the necessities cost 60-70% more. It’s not like people have more money to spend, most of this is

It wasn’t “fast spending”, it was spending on necessities, but the necessities cost 60-70% more. It’s not like people have more money to spend, most of this is borrowed spending that people are forced into. Cc debt chart I bet is skyrocketing. And household savings are probably declining at a fast pace.