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  • Showing only topics with the tag "inflation". Back to normal view
    1. How has inflation changed your quality of life?

      About every six weeks, I go on a "stock the pantry" shopping trip to buy long-keeping items and non-perishables in quantity - cat food and litter, Costco, etc. After two hours of shopping...

      About every six weeks, I go on a "stock the pantry" shopping trip to buy long-keeping items and non-perishables in quantity - cat food and litter, Costco, etc. After two hours of shopping yesterday, I was a little shocked to realize I'd spent half of my take-home pay on a trip that previously was about 25% less expensive. No one item had drastically increased in price - everything had just gone up that much.

      [I'm also smarting because my primary care physician announced she was switching to a concierge care model, and I just made the first quarterly payment. U.S. healthcare sucks so badly that I can't take a chance on the two-year waitlists for in-network primary care M.D.s who provide 10-minute "annual exam" visits in my area.]

      I'm dropping subscription services, buying cheaper conventional food instead of organic, getting generic personal care products instead of brand names and using less of them, cooking even more at home, thinking about making my own cat food, skipping buying pretty flowers for outdoors this year... and still feeling like the budget isn't going to keep stretching.

      I know a great many aspects of Western lifestyles aren't sustainable, and I've tried to do my part to minimize material consumption. But there are so many expectations that you'll pay for perhaps excessive shelter (we didn't need a house the size we have, but it was what was available and affordable), have a car for work, be able to pay for services for things you don't have time, skill, or physical capacity to do yourself, and other monetary drains. I'm losing some sleep.

      What are you doing to cope with exorbitant rents/mortgages, skyrocketing utility and grocery bills, extravagant medical costs, unaffordable childcare and services?

      Do you feel like your quality of life has declined, due to missing luxuries, anxiety, fewer opportunities to connect with friends and family, or anything else?

      Open rant here.

      54 votes
    2. How are you dealing with inflation regarding everyday enjoyment?

      I was wondering how people are currently dealing with inflation in everyday life. Since quite a while now, I found that I have fallen into a habit of excessively looking for discount deals for...

      I was wondering how people are currently dealing with inflation in everyday life. Since quite a while now, I found that I have fallen into a habit of excessively looking for discount deals for pretty much everything I buy. I feel pressured every day because prices have ballooned so much.

      At first, I only refrained from buying "unnecessary" goods like unhealthy snacks, and instead just go for basic staples and vitamin-rich vegetables. Then I started to cut down on meat consumption due to the high prices, and forced myself to only buy meat that is put on discount at the end of the day as it's about to spoil. And now, I even do the same thing for regular staples like rice or potatoes. It feels imprisoning, distracting and depressing.

      So I'm wondering, how are you dealing with inflation? Are you affected in a different way? Or not at all? Any advice on how I could realistically get out of this seemingly endlessly depressing spiral?

      In case anyone's interested why I decided to post today: I saw McDonald's popping up in the news these days, as apparently customers don't go there anyone due to their price increases far beyond inflation since 2019. Then, I passed a McDonald's billboard today thst advertised 2 Big Mac Menus + a happy meal for a whopping 30 EUR. The regular prices used to be a fraction of that... Now it's apparently a good deal...

      38 votes
    3. GDP per capita vs. the federal poverty rate over the years (observation and discussion)

      Fair warning, I'm a dummy trying to talk about stuff I don't fully understand, but I wanted to see others' thoughts on this. In the 1960s, America's GDP (per capita) was $3,000. Also, in 1960, the...

      Fair warning, I'm a dummy trying to talk about stuff I don't fully understand, but I wanted to see others' thoughts on this.

      In the 1960s, America's GDP (per capita) was $3,000.
      Also, in 1960, the federal poverty limit was $3,000 for a family of four.

      In 2023, the GDP (per capita) was $82,034.
      The federal poverty limit for a family of four in 2023 was $30,000.

      This can't be good for the American people. Unless I'm drawing comparisons between two completely unrelated things?

      People who are barely in poverty today would have to earn ~2.7x the amount they earn to stay consistent with those who were barely in poverty in the 1960s if GDP and FPL were still equal to each other. So what about the families caught in the middle? Too high earnings to get help and too low to thrive? They just suffer, I guess.

      Out of curiosity, I calculated what the thresholds would be if the percentages of GDP to FPL were swapped between 2023 and 1960.

      1960s numbers adjusted if FPL matched 2023's percentage:
      GDP=$3,000
      FPL=$1,111

      1960s numbers adjusted if GDP matched the percentage comparison of 2023:
      GDP=$8,100
      FPL=$3,000

      Please let me know if it actually matters that the GDP per capita is 2.7x the federal poverty limit for a family of four. Also, let me know your thoughts.

      8 votes