4 ms·
The USD was .96 : 1 the other day, for those of us who live in EU and get paid in USD it's a highly welcomed change, but things have gotten so much more expensi
by Melting_Harps 4y ago
The USD was .96 : 1 the other day, for those of us who live in EU and get paid in USD it's a highly welcomed change, but things have gotten so much more expensive since the Russian Invasion. It was already pretty bad since COVID, but luckily it's made me drive less and be wiser about my expendable income: I'm not so much a saver as much as I'm a non-consumerist, I don't mind spending lots of money on high quality food, wine, and PC equipment I actually need etc...
I've given away 10000s worth of stuff over the years since I have moved between US/EU so many times that I just don't care about anything that I cannot bring in a backpack or at most 2 cases of luggage. Everything else is just an unnecessary burden.
But, the thing is and this can make all the difference, is that rent prices are locked in EU and much lower than in the US so net-net it works in our favour if we can secure multi-year leases with our landlords.
Long term, I think the EUR will eventually be at parity or just below to USD because the long-term consequences of Russia's invasion, which is forcing most nations to take defense budgets serious all while trying to figure out their energy sources and infrastructure which will lead to a multi-decade public spending scheme as many EU nations are only now starting to come out of COVID policies that have damaged so many industries.
- deleted 4y ago[deleted]