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Possibly the impact of extremely low interest rates for so long (Thanks FED). I would expect it to fade away slowly since the behavioral changes need time.
by groseje 3y ago
Possibly the impact of extremely low interest rates for so long (Thanks FED). I would expect it to fade away slowly since the behavioral changes need time.
- ljf 3y agoOnly if we return to higher rates of interest fr a long period. Here in the UK the desire seems to be to return inflation and interest rates to approx 2%. Rates of 2% and inflation of 2% means there is little incentive to save.
- nick7376182 3y agoHow are they going to control both at the same time. Govt underwriting high risk retail loans, quantitative tightening?
- ljf 3y agoThe theory is that high interest rates will bring inflation down - once they are down the market is already predicting that rates will drop to 2% - so the era of cheap money will continue... It seems to be working, but no better here than it is on the continent and USA, where inflation is already lower.
- aantix 3y agoI feel like it's grocery prices.. We are a family of 6. Our grocery budget is consistently between $2500-$3000 a month. We shop at Aldi.
- deleted 3y ago[deleted]
- onion2k 3y agoA week? Seems high.
- busterarm 3y agoIt's high for shopping at Aldi... But as an individual I'm probably spending 500-600/mo between Publix and Food Lion...so it kind of tracks.
- Y_Y 3y agoPer year? Thats pretty reasonable I'd say.
- aantix 3y agoA month.
- tekla 3y agoThats stupid insanely high and hilariously out of line w/ normal consumption Choosing a very high COL area (Westchester), the expected food costs for a family of 6 is 1.7k according to the EPI
- aantix 3y agoBuying fresh everything? Real food? Not 100 boxes of Hamburger Helper with a shelf life of 6 years for $100.
- tekla 3y agoYes, fresh food in bulk is cheaper than hamburger helper. I lived on $190 a month on veggies and eggs when I was poor as hell in 2015. I just bought everything in bulk.
- TehShrike 3y agoWhere are you at? My family of 6 usually spends on the order of 1000$ a month for local grass-fed meat and groceries at Costco
- hotpotamus 3y agoWhile I suspect that your budget could probably be tightened up a bit, I have to say that I'm ever glad I never wanted to have children - just keeping my own ass housed, fed, and health-insured (important for someone with a bit of disability) takes about everything I got. There was another story here this morning that got some discussion about how people are omitting children as a way of finding work-life balance; who can blame them? edit: other thread https://news.ycombinator.com/item?id=39259093 https://news.ycombinator.com/item?id=39259093
- selimthegrim 3y agoCould you link the story? - e: looks like https://news.ycombinator.com/item?id=39259093 https://news.ycombinator.com/item?id=39259093
- lr4444lr 3y agoCan you explain this to me in even a rough estimate? My family of 4 spends $900 a month, and we do NOT price shop. I live in the metroplitan area of a major city, do NOT shop at discount stores, and even have higher meat bills due to religious reasons. We waste very little, I should add, and buy almost all name brand goods.
- bluGill 3y agoThere are vast differences in how much people eat. Males between 12-25 tend to eat a lot more than girls - hormones mean they can burn a lot of calories without gaining weight - and they are also more likely to be in activities that use a lot of energy (I don't know why this is, but it seems to be the case) Babies of course eat very little. I can believe both numbers just based on normal genetic variation.
- TehShrike 3y agoI expect my food bill to go up around 50% once my boys hit their teens, but still, that only puts me at around half the monthly spend of OP
- andsoitis 3y agoVanguard talks about this in terms of “return of sound money” in their 2024 outlook: https://advisors.vanguard.com/insights/article/vanguards-economic-and-market-outlook-for-2024 https://advisors.vanguard.com/insights/article/vanguards-eco...