The Gen Z ‘Underconsumption’ Trend: The Canary in the Coal Mine?
The Gen Z ‘Underconsumption’ Trend: The Canary in the Coal Mine?
Gen Z embraces "underconsumption," signaling a shift in spending habits amid economic challenges. Retailers, take note of this growing trend.
we can't afford shit you dumb fucks
And yet, someone posted a management company letter over in r/Wisconsin where they said they were raising rents now to offset the 5% rent increase cap proposed by Harris Walz.
Even the thought of not even fixing it but easing the burden of it is triggering the overlords.
TIL being poor is a trend.
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"Consumption is down - quick, raise prices to make up for the loss!"
Since there's no ethical consumption under capitalism, the most ethical thing you can do is consume as little as possible. At least that's what I try to do.
But stagnating wages combined inflation make that a necessity for many instead of a choice, I guess.
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Millennials are killing <insert industry>
Nothing has changed. Compensation remains low and with it spending, the media continues to manufacture consent by creating the narrative of this being a lifestyle choice.
I can only assume they’ve chosen to frugally, responsibly invest in capital markets and HODL so line go up 😐
Is "spend as little as possible, don't waste money on crap" not the default way of being?
Sometimes I feel so alienated from everyone else.
Because about 4-5 years ago, people were flourishing. People were finding jobs, getting paid well, and then able to spend money, save money, and invest money. And that's all gone to chit.
I got used to living minimally when I was a student and while I'm more financially secure now, I actually enjoy not owning a lot of junk/treats/knickknacks. Obviously that doesn't mean it's fine for people to be poor; the difference is I'm not on the verge of homelessness and under-purchasing out of fear, I'm more economically stable and living more minimally by choice without that fear. Connecting more with nature is a big part of it.
The rich will just insist on higher immigration levels in order to bolster demand.
See: Canada.
Isn't amazing how journalists try to twist up words? "underconsumption" as if it's a fkin choice for anyone. No, you devil. No one can afford chit. Our government keeps spending out of control and we're the ones impacted by their spending. And geopolitically? Just wait until the East and Global South turns their backs on the U.S.
Chit's gonna get really real.
Thanks now I don't feel so old.
These fuckers really want a recession to happen, like we haven't been economically depressed for the last 3 years