Personal Finance
Milking The American Consumer
By Early Retirement SG  •  July 24, 2020
I've been watching a lot of YouTube about US Consumerism, homelessness, credit card debt, keeping with the Joneses, etc... And I kinda came down to an overview of how I view the American consumer... The consumer system, big businesses, marketing... these are like the farmers, and they are out looking for profits... And the American consumer... is the cattle... Now, of course all big businesses don't get together, sit down and discuss how to fleece the sheep, but somehow when "the system" works together the end result is the same... You see, there's really A LOT of marketing in the American consumer economy. There's a lot of free stuff, they want you to try their stuff, so that if you like it, you will continue to buy it. There's a lot of credit being offered to consumers, there's credit cards being sent around to induce people to spend... and somehow, Americans seem to LOVE spending. They don't...
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By Early Retirement SG
Male, born in 1982. Graduated with a degree majoring in Banking & Finance, Financial Adviser for a period of time resulting in in-depth knowledge of insurance products and marketing techniques of the industry ...
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