Reply to What are people doing to save money in this insane economy?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Contributing to my retirement plan. [/quote]

Yes.

This is not an insane economy.  It is pretty standard and predictable.[/quote]

I’m with you here. IF you are employed, it’s within normal fluctuations. Gas is going up and down. Red meat is definitely going up but chicken and pork are cheaper. Egg prices have gone down, same with butter. It’s time to make a break with ultra processed foods no matter what. Cars have been expensive for years.

There are a lot of factors at play but the economy isn’t insane. It’s being its same self, which can be temperamental. [/quote]

The war in Iran is making things unpredictable but on the whole I agree this is within the realm of economic fluctuations. We haven't seen a bad economy (yet!). I am also old enough to have seen a lot happen and to also see the basket of goods and services evolve. People focus on year to year inflation but I look at the allocation of the spending within the basket of goods and services we consume as that explains a lot more about how different people experience the economy in any given moment.

Things like housing and education costs have gotten more expensive relative to the rest of the basket, but food seems to have gotten cheaper. Clothes are also cheaper. And while car costs have gone up, people also drive cars for a lot longer too. And gas efficiency is also vastly better. And weirdly while domestic vacations seem to have gotten more expensive, international trips have never been as cheap.

You can see why someone who bought a house 10 or even 5 years ago is in a different place and experiences the economy differently than someone with the same income buying a house today. [/quote]

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