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I still have gold and prefer cash for purchasing daily items. The money seems real, swiping cards or phone financial transfers lack a physical reality and my b

I still have gold and prefer cash for purchasing daily items. The money seems real, swiping cards or phone financial transfers lack a physical reality and my brain has less friction with digital transfers, thus I avoid them out of financial prudence.

jp555 6y ago
Have you noticed how your cash is buying fewer items than it did a ~year ago? My daily item costs are WAY up, which is really just saying the value of the cash is WAY down.
- newsclues 6y ago
  Yes, inflation is real, and since I’m on a fixed income I noticed that despite cutting out luxuries and limiting meat purchases, my groovy bill went up and I still lost weight.
  - toss1 6y ago
    Insufficient data - supports several modeks. If you are trying to lose weight, shifting away from sugary & processed foods & meat to high-quality fresh fruits, vegetables, nuts, etc. can definitely increase your grocery bill while reducing your weight in a very healthy way. Food bill may go down by going directly to farmers, but travel & fetching costs increase. Or, it could be an unhealthy shift towards more processed foods, costing more in factory work & transport, and you are seeing real inflation. So, insufficient data to indicate inflation or not.
    - newsclues 6y ago
      Wasn’t trying to lose weight and my diet remained essentially the same other than modification due to cost (mainly less meat). I had a fixed grocery budget, and over months, I lost weight due to a caloric deficit. Literally I bought less food with the same money and the result was just over a pound a month lost .
      - toss1 6y ago
        I'm sorry to hear that you are having such difficulties; I hope things improve for you soon. That is the data we need to confirm that you're seeing inflation. Curious where you are located that you are seeing these numbers?
        newsclues 6y ago
        It’s ok, I might be poor but I’m pretty happy despite the disability. I live in a city an hour away from Toronto, Canada.
- jfengel 6y ago
  Honestly, no, I haven't. My groceries are the same. My electric bill is stable. The watch I'm replacing today is the same price today as ten years ago when I got its predecessor. I don't know if it's because I buy different things from you, or if I live in a different place from you, or what. But my andecdote is that no, I'm not paying more for stuff than a year ago.
  - newsclues 6y ago
    Odd that some people don’t notice things like this... https://en.m.wikipedia.org/wiki/Shrinkflation https://en.m.wikipedia.org/wiki/Shrinkflation Do you actually track spending or just don’t notice?
    - jfengel 6y ago
      A gallon of milk is still a gallon of milk. A pound of carrots is still a pound of carrots. It sounds as if your basket of goods is different from mine. Most of the examples on that Wikipedia page are sugary foods, which I just don't buy a lot of.
      - newsclues 6y ago
        I used to buy 3lbs of carrots, but now the bags are 2lbs but cost the same.
        jfengel 6y ago
        Here, two pounds of carrots are $1.79, just as they have been for as long as I can remember. I don't have a spreadsheet, but I know what carrots cost. They certainly haven't shot up by 50%.
    - gruez 6y ago
      >Do you actually track spending or just don’t notice? Do you? The BLS does, and their inflation numbers for food is 3.5% YOY. [1] https://www.bls.gov/cpi/ https://www.bls.gov/cpi/

jp555 6y ago

Have you noticed how your cash is buying fewer items than it did a ~year ago? My daily item costs are WAY up, which is really just saying the value of the cash is WAY down.

newsclues 6y ago
Yes, inflation is real, and since I’m on a fixed income I noticed that despite cutting out luxuries and limiting meat purchases, my groovy bill went up and I still lost weight.
- toss1 6y ago
  Insufficient data - supports several modeks. If you are trying to lose weight, shifting away from sugary & processed foods & meat to high-quality fresh fruits, vegetables, nuts, etc. can definitely increase your grocery bill while reducing your weight in a very healthy way. Food bill may go down by going directly to farmers, but travel & fetching costs increase. Or, it could be an unhealthy shift towards more processed foods, costing more in factory work & transport, and you are seeing real inflation. So, insufficient data to indicate inflation or not.
  - newsclues 6y ago
    Wasn’t trying to lose weight and my diet remained essentially the same other than modification due to cost (mainly less meat). I had a fixed grocery budget, and over months, I lost weight due to a caloric deficit. Literally I bought less food with the same money and the result was just over a pound a month lost .
    - toss1 6y ago
      I'm sorry to hear that you are having such difficulties; I hope things improve for you soon. That is the data we need to confirm that you're seeing inflation. Curious where you are located that you are seeing these numbers?
      - newsclues 6y ago
        It’s ok, I might be poor but I’m pretty happy despite the disability. I live in a city an hour away from Toronto, Canada.
jfengel 6y ago
Honestly, no, I haven't. My groceries are the same. My electric bill is stable. The watch I'm replacing today is the same price today as ten years ago when I got its predecessor. I don't know if it's because I buy different things from you, or if I live in a different place from you, or what. But my andecdote is that no, I'm not paying more for stuff than a year ago.
- newsclues 6y ago
  Odd that some people don’t notice things like this... https://en.m.wikipedia.org/wiki/Shrinkflation https://en.m.wikipedia.org/wiki/Shrinkflation Do you actually track spending or just don’t notice?
  - jfengel 6y ago
    A gallon of milk is still a gallon of milk. A pound of carrots is still a pound of carrots. It sounds as if your basket of goods is different from mine. Most of the examples on that Wikipedia page are sugary foods, which I just don't buy a lot of.
    - newsclues 6y ago
      I used to buy 3lbs of carrots, but now the bags are 2lbs but cost the same.
      - jfengel 6y ago
        Here, two pounds of carrots are $1.79, just as they have been for as long as I can remember. I don't have a spreadsheet, but I know what carrots cost. They certainly haven't shot up by 50%.
  - gruez 6y ago
    >Do you actually track spending or just don’t notice? Do you? The BLS does, and their inflation numbers for food is 3.5% YOY. [1] https://www.bls.gov/cpi/ https://www.bls.gov/cpi/