I know this problem isn't unique to Amazon, but what are people's thoughts on the
potentially unsustainble levels of e-commerce. I know plenty of people who are in
serious debt (primarily student and credit card) and still blow tons of money on
Amazon.
Given that the general levels of debt are approaching 2008 levels [1], is this something to
be worried about in general, or is it irrelevant? The main reason for asking is that if large
percentages of Amazon's growth can be attributed to a rise in consumer debt, then
wouldn't Amazon be disproportionally damaged by another recession and/or some sort of
debt bubble burst?
Given that the general levels of debt are approaching 2008 levels [1], is this something to be worried about in general, or is it irrelevant? The main reason for asking is that if large percentages of Amazon's growth can be attributed to a rise in consumer debt, then wouldn't Amazon be disproportionally damaged by another recession and/or some sort of debt bubble burst?
[1] http://money.cnn.com/2017/02/16/pf/americans-more-debt-in-20...