A wealth management analyst recently pointed out something puzzling: while everyone's worried about employment numbers weakening, actual consumer behavior tells a completely different story. Case in point? Shoppers just dropped $44 billion over the five-day stretch from Black Friday through Cyber Monday.
That's not exactly the spending pattern you'd expect from people who are genuinely anxious about their job security or economic outlook. The data suggests Main Street consumers aren't nearly as spooked as the headlines might have you believe. There's clearly some kind of gap between what the economic indicators are saying and how people are actually behaving with their wallets.
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GateUser-9f682d4c
· 14h ago
$44.4 billion makes it clear: consumers simply don't believe those unemployment data lies.
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MetaDreamer
· 12-03 15:29
Well, to put it simply, people keep saying they're broke, but their wallets are telling the truth.
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TokenVelocity
· 12-03 15:27
Damn, you spent 44 billion and still say the economy is bad? I don't believe you at all.
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UnluckyValidator
· 12-03 15:25
This is ridiculous. How can consumer enthusiasm be so high if the unemployment rate is high? Either the data is fake, or people are really irrational.
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AirdropHunter
· 12-03 15:15
$4.4 billion shopping spree, so unemployment anxiety is a false proposition then.
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PanicSeller
· 12-03 15:06
$4.4 billion shows what? Consumers still have money. The unemployment data is just the same old story.
A wealth management analyst recently pointed out something puzzling: while everyone's worried about employment numbers weakening, actual consumer behavior tells a completely different story. Case in point? Shoppers just dropped $44 billion over the five-day stretch from Black Friday through Cyber Monday.
That's not exactly the spending pattern you'd expect from people who are genuinely anxious about their job security or economic outlook. The data suggests Main Street consumers aren't nearly as spooked as the headlines might have you believe. There's clearly some kind of gap between what the economic indicators are saying and how people are actually behaving with their wallets.