Only nonessential purchases. The poor generally don’t have a choice to not pay rent in the US, you can get evicted after being 3 days late in most US states.
Yes, that’s what I’m talking about. Do you think the lower class only spends money on food, rent and gas? Some may but there are a lot of “non rich” people who buy nonessentials.
As someone in the lower class, yes. A decade ago you might have had a point, but unless they’re maxing out credit cards no one below median income is spending on non essentials.
Credit card debt is at an all time high, more people are living paycheck to paycheck than ever before, Americans rejected Biden explicitly because of his gaslighting about how good the economy was, union membership is up, and nearly all Americans celebrated the death of that CEO.
People aren’t in a good spot. They don’t have disposable income unless they above median wage. The great depression had better ratios in terms of money spent on essentials.
They don’t have disposable income unless they above median wage.
This is utter bullshit and you know it. I know several people below median income, one is sending a child to college. They have iPhones, TVs, etc. To claim that these people are only buying the absolute necessities is just lefitst BS.
Not because of deflation, but because they’re looking for “The deal”. More akin to the dopamine inducing tricks many microtransaction games use these days.
Have you never seen somebody wait for a sale to make purchases? Or cut coupons? “The poor” frequently put off purchases to save some money.
Only nonessential purchases. The poor generally don’t have a choice to not pay rent in the US, you can get evicted after being 3 days late in most US states.
Yes, that’s what I’m talking about. Do you think the lower class only spends money on food, rent and gas? Some may but there are a lot of “non rich” people who buy nonessentials.
As someone in the lower class, yes. A decade ago you might have had a point, but unless they’re maxing out credit cards no one below median income is spending on non essentials.
That’s a completely indefensible statement and you know it.
Credit card debt is at an all time high, more people are living paycheck to paycheck than ever before, Americans rejected Biden explicitly because of his gaslighting about how good the economy was, union membership is up, and nearly all Americans celebrated the death of that CEO.
People aren’t in a good spot. They don’t have disposable income unless they above median wage. The great depression had better ratios in terms of money spent on essentials.
This is utter bullshit and you know it. I know several people below median income, one is sending a child to college. They have iPhones, TVs, etc. To claim that these people are only buying the absolute necessities is just lefitst BS.
Both iPhones and TVs are cheaper than a months worth of groceries.
Yes, so as I said - they’re spending money on more than just essentials. Jfc 🙄
Not because of deflation, but because they’re looking for “The deal”. More akin to the dopamine inducing tricks many microtransaction games use these days.
Because there is no deflation… Unless you’re living in China?