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Reply to "America is in an economic tailspin. Why does life feel so normal?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Stimulus checks Printing more money We are too early into the crisis[/quote] This. Both my neighbor and I were at the same grocery store this morning and we commented to each other how surprisingly busy it was. I am worried about what is going to happen this fall and winter when peoples' money starts running out and they don't have room on the credit cards any more. I think we're in for a really hard crash.[/quote] We’re buying now because we won’t Oct-probably April. I’m going to let this burn through and that means I need food, OTC meds, clothing, and household goods on hand before 10/1 at the latest. My hank account shows a crazy amount of spending right now, but I’ll just save for about 5 months after that.[/quote] just curious (NP here) - why are you spending now to save later? Do you think we’re headed for another lockdown? Or are you worried your finances will change this winter?[/quote] Lockdown. I think we’re headed to a big spike in coronavirus. I expect things will shut back down again. Due to some family health issues, all of the shopping fell on me. It was like a dystopian treasure hunt. I hated it. Eventually, I figured out that if I was at a certain Target when they opened at 8, I could probably get wipes and if I drove into a particular neighborhood, one of their three grocery stores was likely to have eggs. It was so time consuming. And we had bad luck with Instacart. I will not have the same leeway at work this year so I can’t expect to drive to five stores looking for eggs, soap, or tp. I don’t trust the supply chain and I won’t see my family do without. I’m buying about six months worth of certain items: First aid items, OTC meds, batteries, liquor, soap, shampoo, dental care items, etc. My kids will need winter boots and gloves. We’re buying the boots and gloves now. I also bought them some basic school supplies in case school reopens in February (doubtful) and the stores are not carrying 2-pocket poly folders in 7 different colors.[/quote]
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