Reply to I don't understand how people cant afford to go out

Forum Index » Money and Finances

Reply to "I don't understand how people cant afford to go out"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous]I think there are a few things going on here.  First, stuff is more expensive.  No doubt about it.  I am UMC with a very large salary who normally pays no attention to prices for anything and I have been really surprised at the grocery store and out to eat.  10-20% increase my ass.  Stuff is up even more.  For the person that says no one should raise prices when people get raises, all is connected in the great circle of life.  Famous Dave's does not have the option to make less profit.  Investors would demand the same return.  If not delivered people would be fired.  Who are these investors?  You and me  Anyone that has a 401k.  Cut earnings ad now people can't retire and can't retire well.  Anything that happens has a reaction that you may not like.

Second, there are a lot of people who even with raises are constrained because of these prices.  That is a fact.  But at the same time the economy has created tons of people for whom these price raises create no issues.  That is why everywhere is still busy.  There are lots of richer (not rich) people out there.  There is tension between those groups.  It is not 1% vs 99%.  It is 20% vs next 20% and on down the line.

Third, some costs hit us harder than others not from a financial perspective but like a kick in the gut.  Gas is one because we do it every week.  The price is going a lot higher -- be ready.  But it is more a head issue than a wallet issue for gas.  If a road trip would take $200 more you are to going to go?  While not nothing, that should not make the difference.  Back in the old days if the hotel was $20 a night more than you planned would you not go?  What if it was a wedding and you were in the party and needed to rent a tux.  Say no?

All three of these things are combining and making people uneasy.  There is nothing to be done but wait this out but that is a lot for most people to deal with at one time.[/quote]

You sure you are an UMC?  Any college degree by chance?  You write and sound like a VLC person. sorry[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics