> we also have record amount spent on travel That's heavily skewed by the wealthy. Most Americans can't afford to take a vacation at all. (https://www.newsweek

> we also have record amount spent on travel That's heavily skewed by the wealthy. Most Americans can't afford to take a vacation at all. (https://www.newsweek.com/americans-ca-no-longer-afford-vacation-1920045 https://www.newsweek.com/americans-ca-no-longer-afford-vacat...), online purchases are at record highs every year (since 2009) and the overall trend is that online purchases have increased since the early/mid 2000s and that's not expected to change any time soon. > People are buying homes that have gone up by over 2x in the last 4 years Very rich people and investors (including foreign investors) have been buying homes. Foreign investment is slowing down because of the high prices. Current transactions are at "recessionary lows" and "The average home is still unaffordable for most potential buyers" (https://www.cnbc.com/2024/03/25/home-price-growth-slows-what-it-means-for-buyers-and-sellers.html https://www.cnbc.com/2024/03/25/home-price-growth-slows-what...). Mostly people just aren't buying houses. In 2023 homes sales were at their lowest since the mid 90s (https://www.wsj.com/economy/housing/home-sales-likely-fell-to-15-year-low-in-2023-3da220e1 https://www.wsj.com/economy/housing/home-sales-likely-fell-t... or here (no paywall issues) : https://www.housingwire.com/articles/just-4-09-million-existing-homes-were-sold-in-2023/ https://www.housingwire.com/articles/just-4-09-million-exist...)