Exactly normal for high inflation. As people watch their money losing value, they’ll trade their money for things that will keep it. Any hard good will do, though some are better than others.
All the idiots get exactly what they voted for!
Do you live in a high crime area? there is nearly a 100% chance that it is run and has been run by Democrats for decades!
Are you local schools complete garbage? there is nearly a 100% chance that it is run and has been run by Democrats for decades!
I could go on and on
Many probably figure they can be bailed out in the future in exchange for voting DEM.
“. . . labor market . . . blockbuster gains earlier this year.” Most of those “blockbuster gains” were people taking on second and third jobs in order to pay the bills.
Maybe some are. But the conservative investor in me loves socking money away at 5.75% guaranteed interest after 6 months.
Also, after “COVID”, a lot of people realize that they can be locked down and bankrupted at any moment. Might as well spend what you have now, before A) the government takes away your freedom, and B) Bidenomics completely devalues what money you have.
Spend it while it’s still worth anything...
They are dumb as a box of rocks, I spend no more than necessary. But then I’m 76 in Aug. I spend on Prepping to eat, and defend it.