The typical American household would need to spend $445 more a month to purchase the same goods and services as a year ago, a report from Moody’s found.
Wow, just looked that up, and people are spending ~11% of their income on groceries. I was just saying that groceries have gone from a part of my budget that I don’t really think about, to the #2 expense, behind my mortgage.
Outside of not allowing mergers for large companies, I would like stronger restrictions on deceptive packaging/marketing. Off the top of my head, shrinkflation items should be required to have a big ugly warning on the label.
The firm asked over 4,000 people, from baby boomers to Gen Zers, about the categories they intend to splurge on this year. Groceries ranked highest for millennials and Gen Zers, outpacing restaurants, bars, travel, beauty and personal care, apparel, and fitness.
Yeah I mean, we can’t afford any of those listed, we just have enough to EAT, crazy right? And it’s not even that we spend more on those, it’s just that everything has become so expensive
The typical American household would need to spend $445 more a month to purchase the same goods and services as a year ago
I mean, the economy has been doing great if you look at a purely wall-street perspective. The problem is, that doesn’t translate into shit for the average person. Corporate/stock profits != individual financial health.
Objectively the health of the US economy is pretty great now. All the B2B indicators are green, Velocity of Money finally bounced back, etc.
Unfortunately, the health of the economy is divorced from the health of the US laborer… but for those that own business, they are pleased.
(I always thought how funny it would be if they all took the republican advice of “pull up your boot straps and start a small business”. The labor force would evaporate, and it would all be small independent contractors that will take you to small claims if they need to…)
The average economy is going great, but that number is heavily skewed by a small number of big earners. The median economy, what reflects the income of most households, went down.
This is really doing my head in. Democrats keep touting how good the economy is, and while the IRA and infrastructure bill were definitely good, the lived experience of your average voter isn’t that they’re doing so much better. Inflation has gone back to normal levels, but that doesn’t mean that prices went back to how they were, it just means prices aren’t going up as much as before.
New sandwich place opened up down my block. Everyone by me was praising it. Went in last weekend, 3 sandwiches and 2 drinks. A bit over $50 dollars. Yeah not going that again. Only two years ago that would have been half the price.
Yep, going out for brunch or whatever else we used to do just a few years ago has become ridiculously expensive. And no, my wage hasn’t gone up enough to compensate for that.
The example of buying water in cans and protein bars are like… Ok, the money we spend on those was spent on wine and chips by my parents. Habits haven’t changed. Prices have.
Ah yes buying groceries is trendy. Surely it will fade into obscurity soon as people stop this whole buying food trend. Who is this propaganda piece even for?
In my state, they are charging record prices for chicken, at the same time, multiple of the largest suppliers in my state are under investigation for hiring children as young as 11, in dangerous meat processing jobs, and paying them less than minimum wage.
These fucks are actively trying to take wages and workers right back to the early days of the industrial revolution.
What’s outrageous about what I said that I read in an article?
Fairly confident he’s calling you a liar and suggesting the things you claim to have seen in an article you never really saw, and are instead offering a claim of your own under the guise of it having been in an article.
Pretty cool way to interact with another human being, if you think about it.
Well, gaslighting would be trying to get you to question reality in some way. I don’t think that fits here. I was more implying he was being a dickhead. Because he was.
I agree with others who have a problem with the tone of the headline and the article, but it eventually gets to the point that it’s trying to make, which is that people (not just Gen Z) are spending too much on more expensive brands. What it doesn’t really get to is the fact that this is by design, because those expensive brands can higher psychologists who can design marketing campaigns and packaging designs maximized for gaining attention.
Which box of frosted corn flakes looks more appealing to many people, the one with just the corn flakes, or the one with the fun cartoon tiger telling you that you’ll enjoy them?
Oops deleted my reply, I actually feel that ending paragraph is kind of disingenuous, they do a poll asking what categories people plan to splurge on, a lot of people say groceries including gen z, then they throw in a single anecdote about protein shakes from a gen z respondent and then talk about how the liquid death valuation went up which isn’t clearly connected to gen z purchasing habits to me.
If you spend more on “travel, beauty, apparel, and fitness” than you do on groceries, then you’re spending way too fucking much on those things. Those are not things that are expensive or common enough to do all the time.
This is an absolute fucking nothing of an article, that’s thrown generations into the headline as pure clickbait nonsense.
Yupp. It’s by far more healthy, has an incredibly positive ecological impact (especially if sourced locally and organically) and for those who are concerned about ethical issues regarding the life and treatment of animals, this is also a win.
Who’d have thought Business Insider would be running interference for the neoliberal slide into end-stage capitalism, by blaming those worst affected by the collapse for the symptoms that are fucking them over?
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