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Kojo Quartey: shopping while complaining

techsm5

Kojo Quartey, president of Monroe County Community College

To say the past few years have been difficult would be an understatement, but it could have been worse. Even though the pandemic situation improved in 2022, we faced other challenges, but it really could have been worse. 2022 has been a year of inflation, an ongoing pandemic, supply chain issues, and many other challenges, but again, it could have been worse. Despite the many challenges, our economy remained robust, jobs were abundant and consumers did not relax their consumption of goods and services. Inflation has not slowed our consumption, nor have high interest rates or anything else that would appear to be dampening consumer confidence and spending.

We continue to spend, even though we complain about rising prices and rising interest rates. Yes, we keep complaining, but we keep spending. Even as gasoline prices soared, consumers moaned and moaned, but that didn’t dampen their spending. Why? Because there was an abundance of jobs, people were working and they had money to spend. We only buy what we can afford, especially if we can “buy now, pay later” or simply have the funds to purchase the item. We all know that having funds does not mean real money, because most buy on credit.

techsm5

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