Myself and a group of friends have been discussing the market and spending is not going to fix it. If we continue to spend we can see DOW 29K when it comes to 2022 mid terms.
Companies are also correct in raising prices. Unilever and Nestle the two largest food providers in the world saw record profits and they increased prices globally on average by 6% with no decline in demand. In there earnings release they stated they will continue to increase prices as long as demand supports it.
Message is clear people are not changing there ways even though everything is getting more expensive.