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

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

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I think it's a combination of things:

1. [b]People's habits become ingrained so they don't stop eating out or buying new stuff even when their disposable income drops.[/b]
2. People with mortgages prior to the pandemic (or paid off homes ) are in much better shape than everyone else. UMC people in this category don't really need to cut back.
3. The wealthy get a lot of free stuff due to their business and personal connections. Then regular shmoes pay for goods and services to be like the wealthy. But they're not really like the wealthy because the shmoes are paying so the wealthy don't have to.[/quote]

The bolded is something that does not get discussed enough.[/quote]

+1
It takes energy to shift habits.  People who had sufficient buffers in their income just let the cost drift upwards.  People who don't accumulated savings during Covid by not going out that they are slowly burning through, likely without noticing.  Sooner or later more people feel the pinch.[/quote]

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