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Don't forget economies of scale (or lack thereof). Many of these folks are in small towns shopping in small stores and paying high prices. If I have the storag
by fencepost 9y ago
Don't forget economies of scale (or lack thereof). Many of these folks are in small towns shopping in small stores and paying high prices.
If I have the storage space and cash, I can buy a 20 pound bag of rice on sale for $7 or less and use it over time - or I can go to Costco and get a 50 pound bag and maybe even make a little money dividing it up and selling it to my neighbors. If I'm living in a tiny shack with $1.50 to spend, I can instead pay $1+ for a pound bag of rice. A lot of other staples are like that - if you can get a little bit ahead just for a little while it can start a cycle that lets you keep getting a little bit better off as time goes by. That'll last until the emergency, which will put you right back down there gathering roots for $0.20/your. Oh, and the emergency that started this for some folks is birth, and there's no place they can even get to that has bulk items like that to start with.