Who Can Afford to Spend Money? |
The recent surge in reports of job losses among major multinational corporations, including online retailers, traditional retail giants, and even daily online newspapers, raises an important question: How are consumers coping with the psychological stress stemming from such turbulent economic conditions? As consumers, individuals and family groups contribute to the wealth of billionaires by purchasing their products and services. While these owners and stakeholders accumulate wealth through profits and investments, they sometimes evade their fair share of taxes, leaving the very consumers who generate their profits to bear the financial burden.
The sustainability of a system that promotes generational and billionaire wealth hinges on consumer spending. However, the disparity between the top 1% and others has been steadily increasing at an alarming rate over the past decade. Without disposable income, the intricate balance of this economic structure becomes untenable. Consumers face the challenge of reconciling their need for survival and a fulfilling life with........