Consumerism Mandates That the Majority Stay Poor
That opening statement may make you gulp on your coffee this Friday morning as a bit too abrasive, but if you put all the gaslighting rhetoric from your politicians aside along with the 14,000 hours of education you got between Kindergarten and 12th grade (none of which was about money or the economy surrounding you) it is a fundamental understanding to escape the herd when it comes to your financial wealth.
Consumerism isn't just a cultural phenomenon; it's a fundamental driver of the U.S. economy and the global economies that supply it. It is also the linchpin of the rigged game you and I are playing in by default, that leads to the ever-expanding wealth gap in society.
As of the third quarter of 2024, personal consumption expenditures accounted for approximately 68.24% of the United States Gross Dom…
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