The Gen Z ‘Underconsumption’ Trend: The Canary in the Coal Mine?

TIL being poor is a trend.

"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.

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 😐

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.

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