A Boring Dystopia

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Dollar General warns poorer US consumers are running out of money (www.ft.com)

submitted 1 month ago* (last edited 1 month ago) by [email protected] to c/[email protected]

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Discount retailer says low-income households feel more ‘financially constrained’ than six months ago

Paywall removed: https://archive.is/SLMtR

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[–] [email protected] 53 points 1 month ago (16 children)

the depletion of savings built up during the pandemic

Built up savings? Is this a thing?

[–] [email protected] -1 points 1 month ago (3 children)

A lot of people used pandemic relief funds to invest, notably in real estate. As the market returns to reality, those people are finding they're massively overextended.

[–] [email protected] 3 points 1 month ago (1 children)

People making less than $35k a year were doing this?

[–] [email protected] 2 points 1 month ago

Disclosure: I'm Canadian, I didn't catch that this was a US story. In Canada a lot of people who received our equivalent of COVID relief used that money to invest, which made our housing crisis that much worse.

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