My grandparents didn’t go hungry this year (after Russia’s invasion) because they had a cellar full of preserves. For them, it was part of a tradition of hunger, a “never waste food” mentality reinforced by WWII, and Holodomor prior, and WWI prior, and the experience of being serfs prior to that.
Price shocks in formative years scar consumption for life
41–50 of 478 posts
Re: Price shocks in formative years scar consumption for life
#42Is it fair to conclude that fossil fuel price shocks are good for the planet? If everyone experiences them early then we will all reduce our carbon footprint for life and slow global warming?
Re: Price shocks in formative years scar consumption for life
#43Earlier quoted context omitted.
> It makes you penny wise and pound foolish while always having to look over your shoulder monetarily speaking. Could you explain what you mean? I grew up pretty poor, single income PhD student/post-doc salary family with two kids. Eventually my father got a proper position at a university, but until then we were pretty poor. My parents used to sleep on the floor, we had almost no furniture(I remember playing footbal…
You grew up in the modern day priest class, not poor.
No, poor is poor. Please don't move or re-label goal posts.
Re: Price shocks in formative years scar consumption for life
#44Earlier quoted context omitted.
You grew up in the modern day priest class, not poor.
That's fair. My parents left the collapsing USSR with nothing and ended up in Australia. Materially poor with no support network or generational wealth, but well educated and with a clear path to the middle class. I still think I/we were very fortunate and didn't mean to offend anyone by saying we were poor. I am well aware there are/were many people less fortunate than us.
It's not fair.
Re: Price shocks in formative years scar consumption for life
#45I worked in a grocery store in the late '90s, and the older customers (who grew up in the Great Depression) always carried penny pouches, because they remembered a time when one had to keep track of cents to survive. This is how I know that, even if we miraculously fixed our medical system tomorrow and outlawed private health insurance by a constitutional amendment, we'll still have, thirty years from now, 60-year-ol…
Honestly fuck the medical system, young people don't care. Housing is what's really getting us.
Some days I feel like driving up to McLean and burning banks down.
EDIT: I'm out of comment quota but dymk I'm so tired of hearing that, here's my reply: Oh fuck off. I make six figures and work remotely. My family lives in a rural part of a small state and I can't afford a house within driving distance of them.
EDIT2: Asset price inflation pops an asset price bubble? Who taught you economics? They should be fired. Also, that's not a bubble this time, it's the market equilibrium. We aren't building enough housing and it's so bad the cost of labor to build more housing is going up. The entire US is the bubble this time.
EDIT3: Is that your solution? Send all the children to therapy for being kicked out of their own country? How do you expect that to work?
EDIT4: corrral: when the upper middle class ends up in "lower class" conditions you usually get guillotines.
Re: Price shocks in formative years scar consumption for life
#46"scar" consumption? Or immunize against compulsive consumption?
Absa-bloody-lutely. Living through a price shock informs you of actual reality, not the government created illusory one (constructed with central banking and government policy) that encourages indebtedness and leaves you weak and unprepared for unforeseen events.
Re: Price shocks in formative years scar consumption for life
#47Being poor in general, during your childhood, scars you for life. It makes you penny wise and pound foolish, adverse to taking risks in your career and investments, can destroy your confidence in yourself, while always having to look over your shoulder monetarily speaking. Habits that even after you remove poverty from your live, you still feel the the anxiety and triggers in your head.
It's being poor, that scars you.
As with everything, during childhood impressions are stronger and effect your life more, but being really poor in your 20s has quite a similar effect.
Re: Price shocks in formative years scar consumption for life
#48Being poor in general, during your childhood, scars you for life. It makes you penny wise and pound foolish, adverse to taking risks in your career and investments, can destroy your confidence in yourself, while always having to look over your shoulder monetarily speaking. Habits that even after you remove poverty from your live, you still feel the the anxiety and triggers in your head.
Had this problem Easy solution take a few hundred from the bank and physical set it on fire keep doing it until you don’t care it’s illegal but it works
Better approach that I am trying is try to buy luxury version whenever I need something. Broke a plate, buy one from boutique ceramic shop. Need some glasses sure a high end crystal. Though on counter side, be really sure that you are rich before trying to act like one.
Re: Price shocks in formative years scar consumption for life
#49I worked in a grocery store in the late '90s, and the older customers (who grew up in the Great Depression) always carried penny pouches, because they remembered a time when one had to keep track of cents to survive. This is how I know that, even if we miraculously fixed our medical system tomorrow and outlawed private health insurance by a constitutional amendment, we'll still have, thirty years from now, 60-year-ol…
Honestly fuck the medical system, young people don't care. Housing is what's really getting us. Some days I feel like driving up to McLean and burning banks down. EDIT: I'm out of comment quota but dymk I'm so tired of hearing that, here's my reply: Oh fuck off. I make six figures and work remotely. My family lives in a rural part of a small state and I can't afford a house within driving distance of them. EDIT2: Ass…
What... I don't know if you realize this but plenty of young folks need healthcare.
Ultimately, we can do both (fixing healthcare and housing). But honestly more countries have solved healthcare than housing.
Re: Price shocks in formative years scar consumption for life
#50Being poor in general, during your childhood, scars you for life. It makes you penny wise and pound foolish, adverse to taking risks in your career and investments, can destroy your confidence in yourself, while always having to look over your shoulder monetarily speaking. Habits that even after you remove poverty from your live, you still feel the the anxiety and triggers in your head.
> It makes you penny wise and pound foolish while always having to look over your shoulder monetarily speaking. Could you explain what you mean? I grew up pretty poor, single income PhD student/post-doc salary family with two kids. Eventually my father got a proper position at a university, but until then we were pretty poor. My parents used to sleep on the floor, we had almost no furniture(I remember playing footbal…
I often link to these articles. Especially the second one is exactly what you are asking about:
• 5 Things Nobody Tells You About Being Poor, May 27, 2011: https://www.cracked.com/blog/5-things-nobody-tells-you-about...
• The 5 Stupidest Habits You Develop Growing Up Poor, January 19, 2012: https://www.cracked.com/blog/the-5-stupidest-habits-you-deve...
• 4 Things Politicians Will Never Understand About Poor People, February 21, 2013: https://www.cracked.com/blog/4-things-politicians-will-never...