It’s simple; people spend money when they feel like they have money.
Spend four decades lauding billionaires and suddenly folks realize that the ‘first class’ items they can afford are mere trinkets, so why bother? If the King has a golden coach with ten horses, why bother getting a fine horse of your own? That old mule is cheaper and goes as fast.
If it costs $20.00 to eat at McDonald’s I’ll just buy a steak and cook it myself.
It’s approx $40 to get fastfood for my family of 4 now. Those were sit down restaurant prices a few years ago.
Look at things like tickets to pro games or concerts. Teenagers used to get those with after school jobs.
And the meal is smaller than ever. I went to McDonalds the other day and got a fish fillet sandwich. It was comically smaller than the last time I bought one. I guess the next time I buy one (assuming that ever happens) it will be on the atomic scale.
Yeah it’s true. All the products I see for sale are unappealing and make me think “Who asked for this?” And anything I would pay for doesn’t seem to exist because “Oh that’s too expensive to manufacture”. Feels bad dude.
I ask people 'when was the last time you had something that was “the best”?"
Unless it’s some obscure tech/hobbyist item, it’s been a while. First class airfare sin’t as good as a private jet, and front row concert tickets aren’t as good as a sky box.
I am surprised no one told them that the economy is doing well. I know that sure put my mind to rest when we had to tighten the belt.
Maybe they should cut back on avocado toast and fancy coffee?