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uponit7771

(93,398 posts)
Wed Nov 12, 2025, 10:10 AM 17 hrs ago

BoA Transaction volumes stagnate prices up ... that's inflation

BoA Transaction volumes stagnate prices up ... that's inflation .... as if you need more proof.

Discussion starts about 1:00 in

7 replies = new reply since forum marked as read
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Hotler

(13,605 posts)
2. Pissed off yet? Shut the spending down. Deny the banks their processing fees. Shut down the credit card use.
Wed Nov 12, 2025, 10:14 AM
17 hrs ago

There's power in your consumer dollar, use it.

uponit7771

(93,398 posts)
3. Yep but as she has said lower income consumers aren't buying discretionary outside of food, it's the top 10% keeping the
Wed Nov 12, 2025, 10:16 AM
17 hrs ago

... discretionary spending going and I'm skeptical of that cause it's "JUST" 70 million costumers that have bank accounts.

uponit7771

(93,398 posts)
6. My point is majority of working people ***ARE*** trying looking at data in video, they're **NOT** spending on anything
Wed Nov 12, 2025, 10:24 AM
16 hrs ago

... but food and that's were the extra money is going not discretionary items.

The top 10% are spending 50% of discretionary items

durablend

(8,757 posts)
5. You do understand
Wed Nov 12, 2025, 10:22 AM
17 hrs ago

That has a ripple effect. Spending goes down, business don't need (as many) employees and start canning them.

Just something to keep in mind.

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