[codeTired]

I think covid made it weird. People were hyper saving and it caused demand to build up. Then people were “fuck it” after things started to return back to normal. However, people will eventually have less money to spend.

[chii]

> People were hyper saving

i think instead of thinking of it as saving, it's more "unable to spend". Now that they are able to spend again, they do.

There was never an intentional savings spree imho.

[rsynnott]

It's not just "unable to spend"; public anxiety tends to cause people to put off spending.