this post was submitted on 12 Aug 2024
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United States | News & Politics

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Americans' refusal to keep paying higher prices may be dealing a final blow to US inflation spike (apnews.com)
submitted 1 month ago by return2ozma@lemmy.world to c/usa@lemmy.ml
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[–] yogthos@lemmy.ml 2 points 1 month ago

Oh, if only there were some fancy-schmancy phrase for when folks start buying less stuff 'cause they're broke! Maybe we could even say... I don't know... that consumption is perhaps receding. We could term this a recession!