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Reply to "Why is $275k hhi now so poor?"
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[quote=Anonymous]This thread shows where the next recession is coming from. If $275k is poor, imagine how the families making under $100k are feeling. Credit card debt creeping up, phantom BNPL loans, etc… We make around $275k and definitely don’t feel like we have as much as we did in 2019, when our HHI was slightly less. We’ve cut out fast food for the kids, as McDonalds is even too expensive for our HHI. Or put another way, yes we can afford it, but why spend $40 for fast food for a family of 5? But yes, the next recession will be caused by inflation and people eating out and spending less. [/quote]
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