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]I think on car purchases and home repair UNC income people on the ball bought before things got worse - which if they were going to buy a car anyway was cheaper in the long run. People didn’t normally buy a lux car may have been able to buy more with Covid savings. We did a home Reno during early Covid but had bought materials before new higher prices kicked in.

Think about it - for a year+ many saved BIG - on gas (work from home), eating out (HUGE) savings, entertainment (no need to buy latest fashion, no fancy dinners), travel sports and other kid activities, and travel. Many UNC cut out huge expenses that are normally a big burn rate and piled up money.  Plus, they may have gotten subsidies They can say “what ev’s” - for now

Now, if layoffs/banks/economy topple/etc …will be interesting and you’ll be glad you saved. Perhaps some didn’t..[/quote]

This. Cutting out childcare (no aftercare because of virtual school) and travel we probably saved $30k in 2020-2021. I'm sure others saved even more. [/quote]

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