857
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 28 Nov 2023
857 points (97.7% liked)
News
23284 readers
1813 users here now
Welcome to the News community!
Rules:
1. Be civil
Attack the argument, not the person. No racism/sexism/bigotry. Good faith argumentation only. This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban. Do not respond to rule-breaking content; report it and move on.
2. All posts should contain a source (url) that is as reliable and unbiased as possible and must only contain one link.
Obvious right or left wing sources will be removed at the mods discretion. We have an actively updated blocklist, which you can see here: https://lemmy.world/post/2246130 if you feel like any website is missing, contact the mods. Supporting links can be added in comments or posted seperately but not to the post body.
3. No bots, spam or self-promotion.
Only approved bots, which follow the guidelines for bots set by the instance, are allowed.
4. Post titles should be the same as the article used as source.
Posts which titles don’t match the source won’t be removed, but the autoMod will notify you, and if your title misrepresents the original article, the post will be deleted. If the site changed their headline, the bot might still contact you, just ignore it, we won’t delete your post.
5. Only recent news is allowed.
Posts must be news from the most recent 30 days.
6. All posts must be news articles.
No opinion pieces, Listicles, editorials or celebrity gossip is allowed. All posts will be judged on a case-by-case basis.
7. No duplicate posts.
If a source you used was already posted by someone else, the autoMod will leave a message. Please remove your post if the autoMod is correct. If the post that matches your post is very old, we refer you to rule 5.
8. Misinformation is prohibited.
Misinformation / propaganda is strictly prohibited. Any comment or post containing or linking to misinformation will be removed. If you feel that your post has been removed in error, credible sources must be provided.
9. No link shorteners.
The auto mod will contact you if a link shortener is detected, please delete your post if they are right.
10. Don't copy entire article in your post body
For copyright reasons, you are not allowed to copy an entire article into your post body. This is an instance wide rule, that is strictly enforced in this community.
founded 1 year ago
MODERATORS
What are YOU doing about it? Not Biden -- YOU: the person reading this comment.
I can tell you my overall cost of living since 2020 has plummeted, not because I haven't faced inflation like everyone else, but because I stopped spending on most extra things. For example: not eating out anymore, cancelled all streaming subscriptions, flexed what I eat based upon coupons and deals at the grocery store (still healthy), I drive much less, etc..
If you keep buying stuff when prices go up, this keeps demand high and, therefore, prices high.
Edit: So far people are saying they are doing nothing different... just continuing to blame corporations. It's both greedy corporations and people's fault. If the costs for basic goods and shelter go up, why wouldn't you adjust?
The prices for fixed costs have gone up, too. People need a place to live, the health to keep living, and ways of ensuring access to both, and the costs of all of those have gone up as well. A not insignificant chuck of people don't have discretionary spending to cut (not to mention how stressful living paycheck-to-paycheck on the bare essentials can be). Yes, it is certainly worth reevaluating budgets and determining where expenses can be lowered, but those margins have been getting thinner for a long while.
No, you don't get it. Corporations aren't greedy, you're at fault for needing food and shelter.
I agree many things have gone up, BUT over the last couple years people kept purchasing without adjustment. I've adjusted my grocery purchases (and I'm a nerd who tracks this in spreadsheets) to the point where my monthly costs have gone up 4% over the last 3 years.
New vehicles have shot up in price and people were still waiting in line to buy more! Trillion+ in car loan debt in the U.S.. Many of these folks could have bought a used car, fixed their old car, or just waited and purchased later. The numbers are there and support what I'm saying. I'm still driving a very old car (> 15 years old) because I think it's idiotic to buy another one right now. It sucks, but better than blowing my hard earned cash. This is coming from someone who can afford to ignore interest rates and pay cash and I still won't do it.
At the end of the day corporations will always be greedy, but only if they can. If people stop buying they can no longer be greedy (supply vs demand). We may be at the point now where people have over extended themselves so much that they simply can't afford the dumb purchases anymore which means corporations have extracted the maximum from people's wallets. Sad situation, but I blame both corporations and people.
I spent thousands on Black Friday sales to have a good Christmas as a family for the first time in what, four years?
So I guess you can say I’m doing my part to stimulate the economy.
Also I dunno about you, but I think my wife would get depressed if I told her there was no more eating out.
Black Friday purchases are a good idea. It tells corporations, "I'm willing to spend at this lower price point."
Maybe try and cook your wife her favorite meal at home or just go out less often? If going out to eat is the only way to keep your wife happy then you could look elsewhere to cut costs if you need to.
I stopped spending on extra things too, and it's really helped. I sold my house so I didn't have to pay a mortgage and moved into my car which I never drive because buying gasoline will keep the price high. I also cancelled all of my streaming services, so I stare at the ceiling to entertain myself. I eat exclusively organic dirt that's on sale because I stopped splurging on food. Why don't people just spend less money?
This comment made me think I accidentally posted on Reddit. My edit still stands (I was pretty confident it would for a while).