Retailers have commissioned surveys to determine that people are already out of money.
They use this to create a narrative and promote the idea that additional interest rate rises are unnecessary because people are already broke to additional interest rate hikes will just create a recession.
Thats not what’s going on.
Retailers have commissioned surveys to determine that people are already out of money.
They use this to create a narrative and promote the idea that additional interest rate rises are unnecessary because people are already broke to additional interest rate hikes will just create a recession.