• iopq@lemmy.world
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    6 months ago

    People spending all their savings is a consumer confidence indicator. Almost never a recession indicator

    • venusaur@lemmy.world
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      6 months ago

      But if they’ve spent all their savings they might not have money for things like a mortgage going forward

      • ultranaut@lemmy.world
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        6 months ago

        Unemployment is still very low, there’s likely not enough people in that kind of situation to have a significant impact on the housing market.