3 ms·
I've noticed this in other contexts as well (new cars, restaurant prices, tipping norms skyrocketing) - Americans don't seem to value frugality anymore. Despit
by zhivota 3y ago
I've noticed this in other contexts as well (new cars, restaurant prices, tipping norms skyrocketing) - Americans don't seem to value frugality anymore. Despite all the complaining about these prices, people are obviously still paying them. Same goes for new cars - SUVs and Minivans are now upwards of $60k, yet there seems to be no pressure on the carmakers to lower the price. And why should there be if people are paying those prices?
Personally I have a hard time identifying with it.
Moreso, I am concerned that what appeared to be transitory inflation becomes permanent when consumers do not moderate purchasing in the face of prices rising at multiples of overall inflation levels.
- UncleEntity 3y ago> Despite all the complaining about these prices, people are obviously still paying them. Because they have no other choice. Reminds me of the bus strike when I was driving cabs in Phoenix, people paid the price but nobody was happy about it as the other option was not having a job. Destroy the competition then charge whatever you want.
- soupfordummies 3y agopeople have a choice to buy a brand new car or go to restaurants
- autoexec 3y agoMany people in the US need cars to work. If their car dies or gets totaled in an accident they'll need to buy a new one. Used car prices aren't that much better than new car prices, and with a new car you can avoid inheriting problems with cars that were previously owned and rejected. You're much more likely to get a reliable car that will last longer buying new than used.
- UncleEntity 3y agoMost people don't buy new cars or go to restaurants very often.
- swozey 3y agoI value convenience, comfort and good experiences much more than frugality nowadays because I know how finite and rare my free time is