Reply to Why does it feel like people have unlimited budgets, even with crazy inflation?

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[quote=Anonymous]Isn't this just a have and have not story playing out?

I mean I don't even have the astronomical income of the DCUM crowd, yet I feel lucky to have the capital I have. I mean if you were invested in the market pre pandemic say year end 2019, you are up 28% since then just in the S&P even after accounting for last year's down market.

I and many others here also have jobs where we worked from home for 2+ years, many for 3 years. For me that has been 2-3 years of not getting lunch out daily, no commuting cost, no dry cleaning cost, and rarely filling my tank as I'm not driving daily. That's a whole lot of savings for 3 straight years.

Add to that that we were among the few that stayed covid cautious - didn't vacation for 3 years. We don't usually vacation 4 times/yr like most of DCUM but still it's usually 5-10k spent per year on travel that wasn't, so there's another 15-30k. And we just opted not to do "compromise" trips that were weren't interested in like driving to the beach in North Carolina or something and paying 5k for a house for a week.

That extra capital from 3 years of work + vacation savings has to go somewhere - so guess what it goes into 5% Treasuries where it grows more. And this says nothing of raises received which while not huge on a yearly basis are still ahead of the aggregate inflation we've experienced from April 2020 to today.[/quote]

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