I agree. There is market saturation and many people are taking stock of their lives and realizing they don’t need so much STUFF, or any more stuff. Look at how much STUFF people are selling on E-Bay, garage sales etc. People are divesting themselve of STUFF.
This has repercussions for the global economy, not just the USA.
There are plenty of new markets where people are just now getting on the STUFF bandwagon (China, India, Indonesia). If we were smart we would sell STUFF to them.
“There is market saturation and many people are taking stock of their lives and realizing they don’t need so much STUFF, or any more stuff. “
There are also demographic reasons for this. My FIL told me, “you spend have your life acquiring stuff, and then you spend the other half getting rid of it”.
For the past couple of years I’ve gone with if something has sat untouched for more than 6 months or so, it goes to Ebay, CL, Amazon or thrift store after some thinking and evaluation.
A lot of what left I don’t miss and not sure why some of it was bought in the first place.