Black Friday reminds us that Americans are addicted to buying things, HayesBrown writes.
, America’s spending spree is unevenly distributed, with affluent Americans who largely dodged layoffs during the pandemic doing the bulk of the purchasing. Even as Americans with more disposable cash keep throwing it around, the economic factors that have allowed them to do so are also raising prices on the things that lower-income Americans need for survival.
Mull’s plea for the American public to be at least a little bit more thoughtful about their purchases is probably the exact last thing corporations want people to hear right now. Because one thing you may have noticed missing in most articles worrying about inflation hitting Americans’ wallets this holiday season: any prediction of reduced profit margins for big business and its executives.
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