4 ms·
This getting-ahead-of-the-tax-hikes/inflation thing was probably why the segment of households with meaningful disposable income (top quintile or so) increased
by alabastervlog 1y ago
This getting-ahead-of-the-tax-hikes/inflation thing was probably why the segment of households with meaningful disposable income (top quintile or so) increased spending in Q1 even as everyone else was pulling back.
We did it with air conditioner upgrades, among other things. Now? Five figures of previously-probable, but optional, spending for the rest of the year is on hold indefinitely. Prices on lots of things (construction materials, holy shit) are already way up, so we'll be sitting on as much cash as we can until that eases up. We don't need that much, really....