reply on: US consumer sentiment slumps, households brace for inflation surge \ stacker news ~econ

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32 sats \ 0 replies \ @Coinsreporter OP 23h \ parent \ on: US consumer sentiment slumps, households brace for inflation surge econ

Although, things like alcohol and lottery tickets decline less than one might expect.

I know you're talking about elasticity of demand but people count Alcohol and lottery as essential goods. Pretty sure the demand for them has inverse relation to sentiments. Haha..

I agree the expensive items at the grocery store aren't bought as eagerly.