this post was submitted on 30 Dec 2024
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cross-posted from: https://lemm.ee/post/51182148

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[–] [email protected] 1 points 1 week ago (2 children)

They won't skip buying minor entertainments just because maybe their meager salaries might be worth a little more next week.

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.

[–] [email protected] 1 points 1 week ago (1 children)

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.

[–] [email protected] 1 points 6 days ago

Not because of deflation

Because there is no deflation... Unless you're living in China?

[–] [email protected] 1 points 1 week ago (1 children)

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.

[–] [email protected] 0 points 1 week ago (1 children)

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.

[–] [email protected] 0 points 1 week ago (1 children)

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.

[–] [email protected] 1 points 1 week ago (1 children)

That's a completely indefensible statement and you know it.

[–] [email protected] 1 points 1 week ago (1 children)

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.

[–] [email protected] 0 points 6 days ago (1 children)

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.

[–] [email protected] 1 points 6 days ago (1 children)

Both iPhones and TVs are cheaper than a months worth of groceries.

[–] [email protected] 0 points 6 days ago

Yes, so as I said - they're spending money on more than just essentials. Jfc 🙄