@kev5673 @CarolinaLion2 Are you denying that the purchasing power of Gen Z is 5x lower than boomers and 2-3x slightly younger gens?
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Nick
4.5K posts
@NickSmith134 @CarolinaLion2 First, we’re not talking about wealth we’re talking about income.
Secondly, averages are not good for describing the typical person, you’re right about that. Which is why we use median, effective nullifying the impact of high earning outliers.
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Price of a pound of ground beef in 2006 was $2.70 a pound. Now its about $6.70 a pound. Tell us how exactly how cooking at home somehow magically makes the inflation in the grocery store go away?
Caiden 🃏@Caiden_Legit
@CarolinaLion2 It’s funny that you guys are bitching about the price of food and continue to pay for overpriced slop. 😂 You’re the same type of dweeb defending a $28 lunch but have no clue how to cook your own food for yourself.
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@kev5673 @CarolinaLion2 If you have an MS in economics you’ll understand that graph is dishonest as averages and medians are not good indicators of wealth because of the disproportionate distribution of wealth in this nation.
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@NickSmith134 @CarolinaLion2 I have an MS in economics. Stop larping like you know what you’re talking about.
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@kev5673 @CarolinaLion2 That is incorrect if you are aware what purchasing power means.
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@NickSmith134 @CarolinaLion2 Yes. The chart shows that an hour of earning the median wage today will purchase you more groceries than earning the median wage purchased 30 years ago.
@kev5673@kev5673
@TimeBobby3 @CarolinaLion2 Huh? Wages have gone up faster than food prices. You can buy more groceries per hour worked than you could 30 years ago, to put it another way.
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@JulesShiny810 @Akira_Heike @xaviersonline_ Baking soda has shown to be much more effective at removing dirt, parasites, and toxic pesticides than normal water. Please use google.
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@Akira_Heike @xaviersonline_ Yeah with water, not with baking soda
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I wonder if there are people out there who only get a few minor tasks a day complete because they do the Nutella Tricks version of every one
Coop™️@imyycooper
This is why you soak your produce in baking soda for 15 mins
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@MrsMagdaBeard Ah ok, gotcha. But most things, including wages, have increased in that time. Cash for clunkers was a disaster for used cars but it was before 10yrs ago
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Nope, I'm with the kids on this one.
The prices of used cars right now is absolutely outrageous.
Yeah, no one is entitled to a new car, 100%, but anything over 100k miles is going to be an absolute money pit.
Not even 10 years ago I got a Mazda 3 with 7K (yes, 7000) miles on it for 15k. I still have it. Same car now would be well over 20k.
This affects ALL of us. They want you to lease cars. Eventually, they want you to share cars. You will own nothing and be happy.
LibertyJ@LibertyJen
This was legit a 5 second search on Auto Trader. All these cars have less than 200k miles. All under $7k
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@Sensie1976 @MrsMagdaBeard I don’t know one person under the age of 40 that said owning a car was a losers errand. Public transportation is for poors. Who are you talking to?
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@MrsMagdaBeard The “kids” spent the last 10 years telling everyone that owning a car was a losers errand. They got exactly what they preached.
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@TwistedSheepGrl @justalexoki Dude you are not seeing the greater concept. Once again I am emphasizing the point is not just about food or spending habits (yeah anyone could save more money) but the fact our purchasing power is down 5.5x from boomers and 2-3x from my parents. You arehyper focusing on DoorDash
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That you are taking them literally and not able to see it as a greater concept is really the failure. Some people literally do eat PBJ for lunch everyday. Most don’t but there’s a huge gap between $2 pbj and $28 door dash. Choosing the latter occasionally isn’t a big deal. Anything you choose somewhere in between is a choice that makes your life less hard now and can make your life easier down the road. Adjusting expectations based on current reality is a basic skill worth learning.
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why does it trigger zoomers so much to tell them they can't eat out every day? genuinely, what is the deal? why is it so upsetting? are they really that chronically social media brained that they cannot imagine a life where you don't live like the influencers every single day?
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@TwistedSheepGrl @justalexoki I’ve seen posts with people recommending PBJ for lunch until you can buy a house. If you don’t think that’s retarded we do not have to continue speaking
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@NickSmith134 @justalexoki See there’s the issue. I don’t think anyone’s telling you to eat like shit. You’ve just decided that our reality is your poverty food. The expectation gap is hard to overcome
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@TwistedSheepGrl @justalexoki I agree. Over spending is an issue but 90% of the people I see on “my” side are trying to make a bigger point about purchasing power and boomers love to say EAT LIKE SHIT AND GET NOTHING
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Accepted, but $18,000/yr I was making then adjusted for inflation is slightly over half of what a college grads starting salary is today. Yes inflation absolutely exploded 3-4 years ago and hasn’t gotten better and it sucks. Just don’t compound a shitty economy with shitty financial decisions that make your life harder is my point.
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@jameslaura86 @markaprovost He literally says “buy expensive and quality things” and “eat like a prisoner” in the same breath. Don’t you see yourself speak?
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@markaprovost His Mom could afford it. His wealth doesn’t make you poor. 🥴
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His mom bought a $15k jacket every year and he's lecturing you for buying a $25 lunch.
dank@cptdankkk
Kevin O’Leary says your closet is full of crap and you should start buying quality "My mother taught me don't buy crap. She used to only buy one Chanel jacket a year, but a really good one" "When she died, there was a cat fight for her clothing amongst the women in my family because they were now vintage Chanels" "Most people if you go look in your closet it's full of crap you don't need. Don't buy the crap, buy the good stuff and just buy less of it"
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@IamR0galD0rn True bro I definitely wanted to have a $15+ fast food wage and I voted for that for sure. N
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The 'boomers' (anyone older than 20 in 2020) tried to warn ALLLLLLLLLL of you that raising fast food wages to $15+/hr was going to have serious long-term consequences when combined with inflation and terrible policies.
It was ignored, for the most part.
Carolina Lion@CarolinaLion2
Yeah, I used to get $0.99 Whoppers from Burger King all the time in high school and college prior to 2008. Now I got a bunch of mendacious cultists trying to convince me that didn't happen.
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@NickSmith134 @KnowingBetterYT I try to be honest and fair and when I suck I suck.
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I went to Alamo Drafthouse last week.
The meal was $14.25.
The drink was $15.
That's why.
S.🎧@1ssve
Serious Question: The alcohol industry has lost $830 billion in the last 4 years, because Gen Z is not drinking. Why do you think they aren’t drinking?
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@therlybadglfer @KnowingBetterYT I mean I’m not arguing your point about overspending, but I think the point of this post was just about how ridiculously alcohol is priced ATM.
Rare to see someone actually admit they were wrong on twitter so thanks big bro
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@NickSmith134 @KnowingBetterYT I am apparently an idiot, I thought this was the 10 millionth response to the Kevin Oleary video. My Bad.
for the record, my other response was also about that, so feel free to ignore me all together.
🤦♂️🤦♂️🤦♂️🤦♂️🤦♂️🤦♂️🤦♂️
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@TwistedSheepGrl @justalexoki Okay see but your $100 in 97 is literally worth double than $100 today. You’re under the same constraints NOW, but you already have things. I don’t have any things. And also, I’m not defending door dashing $30 chipotle every night. It’s about a point.
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What you don’t understand is we do get that because we are all suffering under the same devalued dollar and high COL. the difference is, in our 20s we knew to adjust our habits to our income level. Moving out of my parents house and into my own apartment was a huge change in lifestyle since I had to pay the bills before discretionary spending. I actually found my budget from ‘97 scratched out in a piece of paper. After rent, insurance, a car payment, student loans and utilities i had about $100 to cover gas, food, the new wardrobe I needed for a business attire job, etc. I wasn’t ordering pizza and Chinese delivery on a nightly basis because it cost far more than the grocery store and I was still cutting frozen pizzas in half and cooking half a box of Mac n cheese at a time.
It’s not that we don’t understand that you are struggling. We’re just baffled at how much you insist spending more than you need to is not a choice you are making.
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@therlybadglfer @KnowingBetterYT Are you an idiot? The post is about why alcohol sales have fallen.
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@KnowingBetterYT Don’t get the drink then. Have a glass of water or tea or soda. Probably still $4, but better
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@BenBryant2017 I love boomers completely ignoring the entire point of this discussion
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I said this as a reply to another post.
When people’s head explode because you tell them that if a soda is $5 then just get water, it becomes clear that in their mind, soda is a non-negotiable; the price is irrelevant to them; they deserve a lifestyle where they can afford a soda regardless of price.
But when you are willing to buy a soda regardless of the price, whoever is selling the soda is going to maximize the price.
These people cannot fathom voting with their wallet, because they don’t start from a place of “here is my money, now what can I afford with it”. They legitimately start from a place of “here is what I am buying, and this is BS that it is causing me to be in debt”
Tara@EmbracingTara
Chipotle burritos cost $17 because the market supports $17 burritos If everyone said, I'm not paying $17 for a burrito, fuck that, Chipotle burritos wouldn't cost $17. Chipotle burritos cost me $0.00. Do you know why? I choose not to purchase them. Is this clocking at all?
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@JTAlexander @Halle2017 @ChristianHeiens TBF average wages were about $10K and home costs (depending on the beginning of end of the 70s) was $30K to 70$. So paying off a loan would take you through a 20 year mortgage (and why they had mortgage burning parties when paid off). So I am sure 14% interest was painful.
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Now show us the purchase price and the value of the home today.
raybender@TheRaybender
@ChristianHeiens My first mortgage rate was 14%. Cry me a river.
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