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Started By
Message
Is The Economy really bad?
Posted on 8/24/25 at 3:43 pm
Posted on 8/24/25 at 3:43 pm
I keep reading how bad the economy is and that people are struggling. I'm not seeing that anywhere. Even in broke arse central MS, every restaurant is full, stores are full, parking lots are full, houses, restaurants and retail spaces are being built like crazy. Not many foreclosed houses around me either. When I travel, I find the same, folks out spending money everywhere. The stock market remains strong.
Many restaurant prices have crazily increased (but you can still find reasonable prices), but I haven't noticed crazy prices at the grocery store.
When will see this in our everyday lives? Restaurants going under, people staying home and eating at home and not wasting money at Starbucks, 7 Brew, etc.?
Many restaurant prices have crazily increased (but you can still find reasonable prices), but I haven't noticed crazy prices at the grocery store.
When will see this in our everyday lives? Restaurants going under, people staying home and eating at home and not wasting money at Starbucks, 7 Brew, etc.?
This post was edited on 8/24/25 at 5:20 pm
50
Posted on 8/24/25 at 3:46 pm to greenbean
“The economy” is fine because people are still spending, but they aren’t and don’t have the ability to save nor buy their own home.
We’re seeing a huge shift in the economy where people are saving less and less and don’t even really dream of being homeowners. Both of these things will make us worse off in the long run
We’re seeing a huge shift in the economy where people are saving less and less and don’t even really dream of being homeowners. Both of these things will make us worse off in the long run
Posted on 8/24/25 at 3:47 pm to greenbean
I think everyone towards the upper end of the middle class and above are doing fine. Young people, the lower middle class and the poor are struggling with inflation.
Posted on 8/24/25 at 3:48 pm to fallguy_1978
quote:
inflation
transitory, sir.
Posted on 8/24/25 at 3:50 pm to Klark Kent
I look at things like the cost of middle class housing, vehicles, food, insurance etc and think to myself, could I have afforded the same lifestyle I had at 26 or so today? The answer is no.
Posted on 8/24/25 at 3:50 pm to greenbean
So poor choices have been made lately re: the economy.
This post was edited on 10/17/25 at 2:48 pm
Posted on 8/24/25 at 3:54 pm to Mingo Was His NameO
People in America not saving their money is not a 2025 thing.
Posted on 8/24/25 at 3:56 pm to bgtiger
quote:
People in America not saving their money is not a 2025 thing.
Before about 2020, most people were choosing not to save money. Now they just don’t have the ability to. It’s completely different.
Lots of Boomers and Xers over bought houses over the last few decades. While being a bad financial decision, it did tie their wealth into real estate that they can somewhat recover on the back end. Now young people can’t afford to buy their own home, and don’t have enough cash flow to save at a meaningful rate. Mucho not good
This post was edited on 8/24/25 at 3:59 pm
Posted on 8/24/25 at 3:57 pm to greenbean
I think the best way to look at 2 factors is the S&P 500, which is doing fine, setting records (but it should be doing that weekly as inflation should mean your S&P 500 is increasing daily albeit small amounts). Inflation is 2.7%. It's not really bad right now.
Lot of people struggle at any decade in life and think just because they are struggling, that means the economy is shite. Which is usually not the case. They are just struggling.
Lot of people struggle at any decade in life and think just because they are struggling, that means the economy is shite. Which is usually not the case. They are just struggling.
This post was edited on 8/24/25 at 4:00 pm
Posted on 8/24/25 at 3:59 pm to greenbean
quote:
I keep reading how bad the economy is and that people are struggling. I'm not seeing that anywhere.
There is just a little room for maneuvering if anything goes south.
We've pretty much played our cards.
Posted on 8/24/25 at 4:01 pm to fallguy_1978
quote:Because they think a $6 Starbucks a day + $3 Celsius drinks a day +15 lunches everyday and Doordash at night are "normal"
Young people, the lower middle class and the poor are struggling with inflation.
Posted on 8/24/25 at 4:01 pm to greenbean
In a nutshell: The picturesque, small town and suburban America most people, left or right, wax poetic about was characterized by a high percentage of the population being clustered around the median income line.
Talking heads can go on and on about their economic stats and markets but that's the statistic which really makes the difference in widespread quality of life in pleasant, thriving towns and neighborhoods.
Talking heads can go on and on about their economic stats and markets but that's the statistic which really makes the difference in widespread quality of life in pleasant, thriving towns and neighborhoods.
This post was edited on 8/25/25 at 3:24 pm
Posted on 8/24/25 at 4:02 pm to Mingo Was His NameO
quote:
Before about 2020, most people were choosing not to save money. Now they just don’t have the ability to. It’s completely different.
Quite literally, everyone I know could save plenty of money. The still choose not to.
Posted on 8/24/25 at 4:08 pm to Bama and Beer
quote:
quote:Young people, the lower middle class and the poor are struggling with inflation
.Because they think a $6 Starbucks a day + $3 Celsius drinks a day +15 lunches everyday and Doordash at night are "normal"
This is the legitimate truth. I have so many examples. I’ll tell one. Kid of mine needed a little money to get by, and I gave it to him. Come to find out he spent 35 dollars on Taco Bell DoorDash . Taco Bell is 3 miles down the road. The weekdays and weekends eating out, making “life experiences” for social media, and spend stupid money on electronics and other frivolous shite is the real issue.
This post was edited on 8/24/25 at 4:11 pm
Posted on 8/24/25 at 4:08 pm to bgtiger
You need to make about 350 a year now to be solid middle class
Posted on 8/24/25 at 4:09 pm to Mingo Was His NameO
quote:
Lots of Boomers and Xers over bought houses over the last few decades.
And this is what put those same people in apartments paying 1.3-1.5 x’s over what a reasonable house note would be.
Posted on 8/24/25 at 4:09 pm to Bama and Beer
quote:
Because they think a $6 Starbucks a day + $3 Celsius drinks a day +15 lunches everyday and Doordash at night are "normal"
I have an 18 yr old daughter, and there's definitely some of that, but it is also true that wages have not kept up with inflation.
When I was 27, I bought a house for 122k at about today's interest rates. I probably made 55k at the time. That house is like 200k now, so that job would need to pay around 90k to be in about the same spot. It might pay 65-70k today.
Posted on 8/24/25 at 4:10 pm to marcus3000
Short term pain for long term gain
Posted on 8/24/25 at 4:10 pm to greenbean
I aint poor at all. I used to eat prime ribeyes every weekend. Now its maybe once a quarter. I used to smoke premium cigars now i only amoke rhe 12 dollar ones.
Posted on 8/24/25 at 4:13 pm to PikesPeak
quote:
Short term pain for long term gain
What long term gain?
(edit) What signals do you get that anyone cares about long term gains right now?
This post was edited on 8/24/25 at 4:15 pm
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