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Buying cheap in the US is more often due to ignorance of the item, quality, and frequency of future use. Even most poor people, when educated about certain pro
by david38 3y ago
Buying cheap in the US is more often due to ignorance of the item, quality, and frequency of future use.
Even most poor people, when educated about certain products can afford the quality item or change their habits to not need the item at all.
- ozim 3y agoI wonder what would be example of a product that people would not need at all if educated? I'd say bunch of cleaning chemicals when vinegar does the job or "branded chemicals" simply contain vinegar anyway.
- kurthr 3y agoIt's cheaper to cut up a chicken than buy chicken breasts. It's cheaper to make your own burger than buy takeout. Of course there's TidePods etc. That said, there's also the other side. I've seen people prioritize paying down their 3% mortgage with extra payments, because, "debt is bad", when they could be earning 5% on that same money and have a "rainy day fund".
- kurthr 3y agoVery few people these days don't have access to credit. If you knew you would save 50% over a couple of years, even credit card rates would be better than break even. The real problem is a lack of knowledge, interest, or simply caring about priorities. More likely the CC get's maxed out and payday loans are the next step in a downward spiral.
- wizofaus 3y agoVery few people in your country perhaps. But I'm pretty sure the % of the world's population with access to credit isn't especially high (apparently there are 2.5 billion credit cards in existence worldwide. But of course many of us in developed nations have more than 1).
- fn-mote 3y ago> ignorance of the item, quality, and frequency of future use That is to say, formerly reliable companies outsourcing their production and selling their future good name for current profits.