Americans say they're broke. So why can't they stop spending so much?

Some Americans are crying poverty with a $1,500 iPhone in one hand and an $8 Starbucks latte in the other. They say groceries are unaffordable, but somehow the restaurants are packed, airports are crowded, and the neighbor just pulled into his driveway with a brand-new $90,000 SUV.

Apparently, we're one bad economic report away from bankruptcy and one Instagram post away from booking another trip to Cabo.

Consumer confidence is in the basement. Consumer spending apparently didn't get the memo.