Consumption question, dont people get satiated at some point

[Bakinec]

If people didn't consume, most everyone would be broke and unemployed.

Consumption is at the root of a successful capitalistic economic model.

 

[the1]

You obviously haven't met my wife.

Quote from noob_trad3r:

I know that consumption is 70% of our economy. but at some point you have to run out of things to borrow money to buy.

I mean once you have a flatscreen in every room you cannot keep buying more. and there is only so much space for junk inside of a home.

so aint there a point where people run out of available space to buy even if credit is unlimited? you can only go to the mall and spend till some level and then you cannot buy more since it would be pointless.

 

[the1]

Precisely right. Nothing has changed. I still get balance transfer offers in the mail for 0% for a year or checks that I can use for a vacation, or a new car, or whatever suits my fancy. The banks get bailed out, curtail their predatory lending practices for about a year, and not it's back to business as usual. Why would the banks care? They are backed by the taxpayer. They can take on as much risk as they want without the fear of failure. What a racket.

Quote from S2007S:

Thats all the US knows how to do is consume, especially generation X and Generation Z. There is no limit on how much one spends even if they have to use a whole line of credit on a credit card to get what they want. I have friends that are always buying the latest technology, whether its a new flat screen TV or computer. I thought this latest credit crisis would put some people into a state of mind that possessions aren't as necessary as people believe they are, but it hasn't changed a bit, near me on the weekends malls are packed and streets busy with cars getting in and out of the malls and stores around me. Nothing has changed, if a consumer wants something they buy it no matter what the cost is. In this economy we are taught to consume from a very young age.