“Plan to spend”. No, “Forced to Spend” is the headline.
I make a decent wage. But for the last few years I’ve just been really uninterested in spending money, because shit is so crazy nowadays that I might lose my job and be unemployed for a while. So I just stopped eating out. Stopped buying the expensive brand. Stopped buying random little things. I’m fine. I just put my attention into other things. I spend half what I used to, and I don’t really notice. My phone? Older, but still supported and works fine. Just lost my desire to have brand new and gained the desire to hoard money.
THATS WHAT YOU GET CAPITALISM! No money for you.
Sounds like me. Maybe once or twice a year I splurge less than 200 bucks on something nice for myself, (last year it was a new knife, and I went halfsies on a new headset with my wife as a bday present). I just literally don’t buy anything.
It’s interesting to see someone’s perspective as you.
I am on a slightly different path in that I have always not splurged on myself because I always wanted to know I was secure, but after the shit show that has been the last 6 years, I now splurge more than ever because I’m not even sure if I’ll be here tomorrow.
Truly, at this point, all that I ever worked hard for in life is so far out of my reach, I just really do not give a fuck anymore.
I hear that not giving a fuck part. I’m really just take it or leave it regarding life.
Cheers. May we outlast this crazy shit, or at the very least, not suffer when it all comes crashing down.
I mean, isn’t it normal to spend more on groceries than these other things on a yearly basis?
Like it’s the one thing you pretty consistently need.
With that being said, I find it so annoying how frequently we need to eat.
Like every 6 hours you need a full meal?
How time consuming.
I guess my real problem is how busy I need to be to survive.
I thought this was going to be an onion article.
It can be hard to tell the difference sometimes.
The example of buying water in cans and protein bars are like… Ok, the money we spend on those was spent on wine and chips by my parents. Habits haven’t changed. Prices have.
Plan to? I think you mean “must”
Planning ahead and budgeting is apparently bad now, as is not planning or budgeting ahead.
Whatever Gen-Z or millennials do is bad, as usual.
I also plan to spend more on groceries.
Because I don’t have a choice.
Because groceries are stupid expensive and unbridled Capitalism has condemned us all.
The typical American household would need to spend $445 more a month to purchase the same goods and services as a year ago, a report from Moody’s found.
Wow, just looked that up, and people are spending ~11% of their income on groceries. I was just saying that groceries have gone from a part of my budget that I don’t really think about, to the #2 expense, behind my mortgage.
Outside of not allowing mergers for large companies, I would like stronger restrictions on deceptive packaging/marketing. Off the top of my head, shrinkflation items should be required to have a big ugly warning on the label.
Why do people keep posting this shit rag? Never once had an article worth reading.
Who’d have thought Business Insider would be running interference for the neoliberal slide into end-stage capitalism, by blaming those worst affected by the collapse for the symptoms that are fucking them over?
Why do millennials and gen Z spend so much of their income by percentage on the lowest tier of Maslows hierarchy?
Regulatory capture, mostly.
Especially failure to enforce anti-trust law.
From what I briefly read, Maslow’s hierarchy is an oversimplification and academically disputed or even disproved.
From what I briefly read, the Earth is flat, god is real, and ivermectin will cure covid.
Buy veggies instead of meat.
Veggies went up in price too.
Yupp. It’s by far more healthy, has an incredibly positive ecological impact (especially if sourced locally and organically) and for those who are concerned about ethical issues regarding the life and treatment of animals, this is also a win.
Now I have no money and I’m still hungry.
Ok, I’ll buy expensive vegetables instead of expensive meat.
The firm asked over 4,000 people, from baby boomers to Gen Zers, about the categories they intend to splurge on this year. Groceries ranked highest for millennials and Gen Zers, outpacing restaurants, bars, travel, beauty and personal care, apparel, and fitness.
Yeah I mean, we can’t afford any of those listed, we just have enough to EAT, crazy right? And it’s not even that we spend more on those, it’s just that everything has become so expensive
The typical American household would need to spend $445 more a month to purchase the same goods and services as a year ago
No that cant be true. Every media outlet says workers are making hand over fist right now and the economy has never been better.
This is really doing my head in. Democrats keep touting how good the economy is, and while the IRA and infrastructure bill were definitely good, the lived experience of your average voter isn’t that they’re doing so much better. Inflation has gone back to normal levels, but that doesn’t mean that prices went back to how they were, it just means prices aren’t going up as much as before.
New sandwich place opened up down my block. Everyone by me was praising it. Went in last weekend, 3 sandwiches and 2 drinks. A bit over $50 dollars. Yeah not going that again. Only two years ago that would have been half the price.
Yep, going out for brunch or whatever else we used to do just a few years ago has become ridiculously expensive. And no, my wage hasn’t gone up enough to compensate for that.
I mean, the economy has been doing great if you look at a purely wall-street perspective. The problem is, that doesn’t translate into shit for the average person. Corporate/stock profits != individual financial health.
Objectively the health of the US economy is pretty great now. All the B2B indicators are green, Velocity of Money finally bounced back, etc.
Unfortunately, the health of the economy is divorced from the health of the US laborer… but for those that own business, they are pleased.
(I always thought how funny it would be if they all took the republican advice of “pull up your boot straps and start a small business”. The labor force would evaporate, and it would all be small independent contractors that will take you to small claims if they need to…)
The average economy is going great, but that number is heavily skewed by a small number of big earners. The median economy, what reflects the income of most households, went down.
Funnily enough, median income actually went up quite a bit here in Romania over the last year. Mainly because of successful union action.
That’s the same for everyone.
If you spend more on “travel, beauty, apparel, and fitness” than you do on groceries, then you’re spending way too fucking much on those things. Those are not things that are expensive or common enough to do all the time.
This is an absolute fucking nothing of an article, that’s thrown generations into the headline as pure clickbait nonsense.
