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As much as I dislike the labor practices of Amazon, this is an indication of the poor state of the average citizen and their finances. They don't have the disposal income to spend.

Real wages, which measure how much people are making when inflation is accounted for, have fallen over the same period, per the Bureau of Labor Statistics.

So, people are saving and earning less – and that explains why Amazon is offering so many discounts this year, according to Bank of America

Greedflation is starting to backfire.