My wife, son and I went out for dinner last night to celebrate her 60th birthday. It was at one of the more expensive restaurants in town. By 5:30 the place was full. On a Tuesday night. Which frankly surprised us. Most of the people were middle aged to older.
So, my point is people continue to spend money here in southern NH.
FYI, my son paid for dinner. Which I think it made him proud to do. He has a good job and is doing well for a 25 year old.
One of the hallmarks of runaway inflation like what we’ve seen in Argentina in the last few years (over 100% annual inflation) is people spend their money as quick as they get it as they realize it will be worth significantly less in a month or two. Inflation can significantly depress how much the general public tries to save (both by giving people less money to save as they have to spend more to keep up with price hikes and by creating a mindset in people that the effort to put away savings just isn’t worth it).