> People are spending money on food, travel, clothes and technology.
Slaves don't have a choice but to spend their fiat money in a low interest rate world whose present condition of low interest rates exists only because this is the last exercise rep the government can push out before reality and nature come in to remove all the artificial economics implementations. In simple words, real capitalism has not yet been tried and a great reset away from stupidity and liberal-democratic welfare is coming.
Malthus wins in the end, no matter how much you try to delay the inevitable.