US inflation means families are spending $709 more per month than two years ago
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Re: US inflation means families are spending $709 more per month than two years ago
#2Assuming $709 an average number over all cost of living locations. We’re spending more than that.
Re: US inflation means families are spending $709 more per month than two years ago
#3Too pedantic I assume to point out that by definition inflation means they aren't actually spending more?
Re: US inflation means families are spending $709 more per month than two years ago
#4As a parent with kids, I really don't know how folks are getting by with the prices of everything. I know folks who keep eating out, buying new vehicles, and even building new houses and I'm left scratching my head wondering how they afford all of this.
I'm not saving nearly as much as I was years ago and I think my "lifestyle" has decreased post COVID (few vacations, eating out is a treat, gifts are for birthdays/holidays). Is everyone swimming in debt?
Re: US inflation means families are spending $709 more per month than two years ago
#5As a parent with kids, I really don't know how folks are getting by with the prices of everything. I know folks who keep eating out, buying new vehicles, and even building new houses and I'm left scratching my head wondering how they afford all of this. I'm not saving nearly as much as I was years ago and I think my "lifestyle" has decreased post COVID (few vacations, eating out is a treat, gifts are for birthdays/ho…
yup, with daycare costs we're technically top 10% and still kinda hand to mouth in a MCOL area.
Re: US inflation means families are spending $709 more per month than two years ago
#6As a parent with kids, I really don't know how folks are getting by with the prices of everything. I know folks who keep eating out, buying new vehicles, and even building new houses and I'm left scratching my head wondering how they afford all of this. I'm not saving nearly as much as I was years ago and I think my "lifestyle" has decreased post COVID (few vacations, eating out is a treat, gifts are for birthdays/ho…
> Is everyone swimming in debt?
Probably
Re: US inflation means families are spending $709 more per month than two years ago
#7As a parent with kids, I really don't know how folks are getting by with the prices of everything. I know folks who keep eating out, buying new vehicles, and even building new houses and I'm left scratching my head wondering how they afford all of this. I'm not saving nearly as much as I was years ago and I think my "lifestyle" has decreased post COVID (few vacations, eating out is a treat, gifts are for birthdays/ho…
I don't know how most people are doing it. For me it's because the asset bubble has inflated my stock income. I suspect a lot of folks who owned homes, stocks and other assets are feeling the wealth effect. For the rest of society, I don't know why they're not in the streets with pitchforks.
Re: US inflation means families are spending $709 more per month than two years ago
#8As a parent with kids, I really don't know how folks are getting by with the prices of everything. I know folks who keep eating out, buying new vehicles, and even building new houses and I'm left scratching my head wondering how they afford all of this. I'm not saving nearly as much as I was years ago and I think my "lifestyle" has decreased post COVID (few vacations, eating out is a treat, gifts are for birthdays/ho…
wages have gone up too
Re: US inflation means families are spending $709 more per month than two years ago
#9As a parent with kids, I really don't know how folks are getting by with the prices of everything. I know folks who keep eating out, buying new vehicles, and even building new houses and I'm left scratching my head wondering how they afford all of this. I'm not saving nearly as much as I was years ago and I think my "lifestyle" has decreased post COVID (few vacations, eating out is a treat, gifts are for birthdays/ho…
> Is everyone swimming in debt? Probably https://fred.stlouisfed.org/series/CCLACBW027SBOG
Debt is a socialized hallucination. If people refuse to give up on it, we can just take the money back from the rich too through taxes. Reaganomics legalized looting pensions to invest on Wall Street. There's precedent for expropriation of wealth of the dying. What are a bunch of retirees going to do? Fight back against 20-30 somethings?
Boomers benefited from New Deal then killed it. There is no market, just a legalized generational Ponzi scheme.
Re: US inflation means families are spending $709 more per month than two years ago
#10As a parent with kids, I really don't know how folks are getting by with the prices of everything. I know folks who keep eating out, buying new vehicles, and even building new houses and I'm left scratching my head wondering how they afford all of this. I'm not saving nearly as much as I was years ago and I think my "lifestyle" has decreased post COVID (few vacations, eating out is a treat, gifts are for birthdays/ho…
Same. I make decent money and used to save thousands per month. Now I'm lucky to stash away high hundreds a month, but any expense like new brakes wipes that out.
I wonder how in the world everyone else is getting by. Maybe we're all just smiling and pretending here...