7 ms·
Benefits don't translate as directly to consumer spending. If my company pays more for my health insurance, that doesn't affect my ability to pay off my mortgag
by lmkg 14y ago
Benefits don't translate as directly to consumer spending. If my company pays more for my health insurance, that doesn't affect my ability to pay off my mortgage or purchase electronics. If I get more vacation days, that means I do less work, but the money I get remains constant. Certainly, there are some benefits that do translate to economy-stimulating actions (such as subsidized purchases or memberships), but I'm under the (possibly misguided) impression that a large portion of the increase in benefits is just health insurance costing more.
- ctdonath 14y agoPaying more for health insurance does affect your ability to pay off your mortgage and purchase electronics - when you get slammed with an enormous unexpected medical bill, and don't have to route mortgage & electronics money into the staying alive fund. Trust me.
- anonymoushn 14y agoThis argument doesn't really apply if the cost of the service increases by 5-10% annually but the service stays the same, as has been the case for health insurance in the United States.
- PaulHoule 14y agoactually the service gets WORSE