Re:Five richest men double their money as poorest get poorer
by johnnyanmac on Monday January 15, 2024 @10:44AM
(#39002180)
>Maybe I look at history with rose tinted glasses but my experience tells me people are spending more and more money.
They are... On rent. And food (even the exact same food). And everything else. Wages haven't kept up with housing for some 30 years and we're seeing the consequences now. The housing crash didn't help either.
Likewise, stuff got more expensive over the pandemic. Gas is triple the price now, streaming services is starting to approach cable prices once again, Dollar menu fast food isn't a thing anymore. The best coupons I could find is $4 for 2 burgers. And a typical combo can easily cost $15 by itself. $20k new cars aren't a thing anymore, and the used car market also inflated. The $3500 used Nissan with 140k miles bought in 2018 is seeing 9-10k on Craigslist.
I'm seeing the opposite effect you are. People aren't going out anymore: they can't even afford a monthly bar crawl where what used to be weekly or multiple times a week outing. Much less traveling happening. People who used to live alone are rooming up again because rent keeps increasing. Spending power and QoL is going down.
They are... On rent. And food (even the exact same food). And everything else. Wages haven't kept up with housing for some 30 years and we're seeing the consequences now. The housing crash didn't help either.
Likewise, stuff got more expensive over the pandemic. Gas is triple the price now, streaming services is starting to approach cable prices once again, Dollar menu fast food isn't a thing anymore. The best coupons I could find is $4 for 2 burgers. And a typical combo can easily cost $15 by itself. $20k new cars aren't a thing anymore, and the used car market also inflated. The $3500 used Nissan with 140k miles bought in 2018 is seeing 9-10k on Craigslist.
I'm seeing the opposite effect you are. People aren't going out anymore: they can't even afford a monthly bar crawl where what used to be weekly or multiple times a week outing. Much less traveling happening. People who used to live alone are rooming up again because rent keeps increasing. Spending power and QoL is going down.