Oregonians are getting a little more frugal, spending data shows – oregonlive.com
Inflation fell to just 2.9% in 2024, which means that spending was increasing faster than the prices of the items that people were buying. That suggests a degree of underlying economic optimism, both in Oregon and across the country.
The media is telling us everything is awful, no one has any money, and everyone is suffering.
But the data shows something else – why? Someone argues that they are spending more because of inflation. But they are spending more than inflationary increases. Consumers are not cutting back.
