EPISODE · May 31, 2026 · 2 MIN
1920s Warning: Why People Keep Spending When They Feel Broke
from The Lost Ledger · host Forgotten Finance Story
The economy can look strong when people are still spending.But the warning is where the money is coming from. In April 2026, spending kept rising while savings fell. The 1920s had a similar illusion: easy credit made the boom look healthier than it really was.Are people spending because they feel confident, or because they have no choice?
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1920s Warning: Why People Keep Spending When They Feel Broke
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