Re:Price shocks in formative years scar consumption for life
by DrBazza on Wednesday June 15, 2022 @12:28PM
(#31755417)
Another way of stating that article is that most people in their 20s and 30s have only ever known low-inflation and stability. Those in their mid-40s onwards are possibly young enough to remember how what their parents dealt with in the 70s.
[ Parent
| on HN ]
Re:Price shocks in formative years scar consumption for life
by itronitron on Wednesday June 15, 2022 @12:58PM
(#31755865)
I remember sitting in the car with my mom outside an Amtrak train station in the late `70's asking her why she was cutting the tops off of several cereal boxes that we had just bought from the grocery store. Apparently they were for a discount on train tickets.
Re:Price shocks in formative years scar consumption for life
by thebigspacefuck on Wednesday June 15, 2022 @01:47PM
(#31756577)
Some coupons are just worth it. A guy in the 90s figured out he could get millions of frequent flyer miles from a few thousand dollars of pudding.
Re:Price shocks in formative years scar consumption for life
by DrBazza on Wednesday June 15, 2022 @04:05PM
(#31758710)
Or a military jet? https://en.wikipedia.org/wiki/Leonard_v._Pepsico,_Inc.
Re:Price shocks in formative years scar consumption for life
by laputan_machine on Wednesday June 15, 2022 @03:09PM
(#31757848)
I'm in my 30s, I remember 2008 not being a fun time, didn't feel stable watching friends and family lose their jobs and then their houses!
Re:Price shocks in formative years scar consumption for life
by thebigspacefuck on Wednesday June 15, 2022 @01:42PM
(#31756500)
What about the Great Recession?
Re:Price shocks in formative years scar consumption for life
by w-j-w on Wednesday June 15, 2022 @12:43PM
(#31755628)
Low inflation, yes, but not stability. Many people in their 20s now watched a parent lose their job during the 2008 housing crisis. Just because they didn't see the 70s don't mean they haven't seen macroeconomic calamity affect their parents microeconomic reality.