I'll say it again, The Atlantic is a satire magazine.
Seriously, that's real, and it reads like a Babylon Bee headline. The subheading is even more hilarious.
If people are so mad about high prices, why do they keep buying so many expensive things?
Amazing. Babylon Bee Editor-in-Chief Kyle Mann would've given this headline not only a thumbs up, but one of those crying laughing emojis.
This article is great, and it's satire in itself so here you go:
You would think, with prices as high as they are, that Americans would have tempered their enthusiasm for shopping of late; that they would have pulled back spending on luxury items; that they would have sought out budget and basic options, bought smaller packages, fewer things.
This is not what has happened. Consumer spending rose 0.2 percent, after accounting for higher prices, in October, the most recent month for which the government has data. Online shopping jumped 7.8 percent over the Thanksgiving long weekend, more than analysts had anticipated. The sales of new cars, dishwashers, cruise vacations, jewelry — all things people tend to give up when they are watching their budget — remain strong. Consultants keep anticipating a recession precipitated by the "death of the consumer." Thus far, the consumer is staying alive.
People hate inflation, just not enough to spend less: This is one of the central tensions of today's economy, in which things are going great yet everyone is miserable. And in some ways, Americans have nobody to blame but themselves.
The rest of that article is behind a paywall, which is hilarious because that means people actually pay to read The Atlantic.
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Thanks for the laugh, Annie Lowrey!
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