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re: Is The Economy really bad?
Posted on 8/24/25 at 4:14 pm to fallguy_1978
Posted on 8/24/25 at 4:14 pm to fallguy_1978
quote:
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.
It’s pretty indisputable that young people are less concerned with consumer spending than their older counterparts.
1
Posted on 8/24/25 at 4:16 pm to Mingo Was His NameO
quote:
don’t have the ability to save nor buy their own home.
Somebody is buying homes...
quote:Associated Press, August 21, 2025
Existing home sales rose 2% last month from June to a seasonally adjusted annual rate of 4.01 million units, the National Association of Realtors said Thursday.
Sales edged up 0.8% compared with July last year. The latest sales figure topped the 3.92 million pace economists were expecting, according to FactSet.
Home prices rose on an annual basis for the 25th consecutive month, although the rate of growth continued to slow. The national median sales price inched up just 0.2% in July from a year earlier to $422,400.
Posted on 8/24/25 at 4:16 pm to greenbean
quote:
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.?
People are getting lines of credit through affirm, etc. to purchase all manner of things on credit online from dog toys and treats to pizza.
the average first time homebuyer in this country is 37!!!! People are still going out because they aren't having kids, and many who do aren't responsible with their money. I know people who could have saved a ton of money for retirement who blew it all on take out meals instead of cooking at home.
We have collecively decided to CONSUME at all costs, and not think about the future. Part of it is because people know that, at the end of the day, if all else fails they're still gonna get that social security check.
Posted on 8/24/25 at 4:17 pm to Masterag
quote:
I know people who could have saved a ton of money for retirement who blew it all on take out meals instead of cooking at home.
Posted on 8/24/25 at 4:17 pm to Mingo Was His NameO
quote:
It’s pretty indisputable that young people are less concerned with consumer spending than their older counterparts.
My daughter and her friends definitely blow money on useless shite like getting food delivered from a restaurant that's a mile away from our house and paying a 60% markup for it, but I can also look at the cost of living today and realize that they are in a worse position than I was overall.
This post was edited on 8/24/25 at 4:18 pm
Posted on 8/24/25 at 4:18 pm to greenbean
When people are buying $10,000 golf carts to ride to the pool less than a block away…it means we are a long way from hurting.
Posted on 8/24/25 at 4:19 pm to Masterag
quote:
Part of it is because people know that, at the end of the day, if all else fails they're still gonna get that social security check.
I think it’s mostly that politicians have done a good job of kicking the shite out of the average American to where they’re now just worn down and in “frick it” mode
Posted on 8/24/25 at 4:19 pm to bgtiger
quote:
This is the legitimate truth
It’s an unoriginal, lazy, horse shite talking point propagated by older people who never once realized how goddam easy they had it
Posted on 8/24/25 at 4:21 pm to fallguy_1978
agreed.
Posted on 8/24/25 at 4:21 pm to Saunson69
quote:
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.
the stock market don't mean shite. most people don't have much money in the stock market, and to the extent they do, it's not enough to make a difference in their lives.
Stock market is not a reflection of how well or prosperous a country is with respect to the average citizen.
Posted on 8/24/25 at 4:22 pm to TutHillTiger
quote:
You need to make about 350 a year now to be solid middle class
Posted on 8/24/25 at 4:26 pm to LSURussian
Posted on 8/24/25 at 4:26 pm to Mingo Was His NameO
quote:
politicians have done a good job of kicking the shite out of the average American to where they’re now just worn down and in “frick it” mode
Posted on 8/24/25 at 4:26 pm to Klark Kent
Yeah, we live in podunk Louisiana, and don't make anywhere close to 350k, and we really haven't struggled with inflation. We've always lived well within our means though, but I worry about my kids who are just starting out in life.
Posted on 8/24/25 at 4:28 pm to Masterag
quote:
Stock market is not a reflection of how well or prosperous a country is with respect to the average citizen.
Definitely not right now. Companies and their executives are hoarding more wealth now than ever in the history of this country. 40 years ago it was a decent indicator because that company performance would trickle down more to employees through things like pensions and wages. Now it’s paid to executives through bonuses or to shareholders
Posted on 8/24/25 at 4:32 pm to greenbean
Jobs are mostly in cities which do not have the infrastructure or homes. Pay haven’t kept up with core items etc etc. it’s fricked and people are a check away
Posted on 8/24/25 at 4:42 pm to marcus3000
Anecdotal, so take it with a grain of salt….the industry I work in has seen major moves to bring domestic manufacturing back for equipment that we’d otherwise be pulling from SE Asia. That’s bringing contracts to build the facilities, money pumped into local businesses and infrastructure, and ultimately jobs to staff these locations. Small portion of the impacts of tariffs, but impacts nonetheless.
Posted on 8/24/25 at 4:51 pm to greenbean
The numbers.
Posted on 8/24/25 at 4:56 pm to Mingo Was His NameO
quote:
shareholders
At most places the employees are also usually shareholders. I like when my company does well and the stock prices go up, dividends rise, and the bonuses get bigger.
I’m just an average working Joe, but I benefit greatly from this.
Posted on 8/24/25 at 4:58 pm to greenbean
In the retail side, people are spending money like crazy. I went to While Foods earlier to make an Amazon return and the place was slammed. Costco was slammed this morning. Lowe’s was slammed yesterday.
Here in the Nola area, it’s not a great economy so to speak but restaurants and bars stay busy.
Here in the Nola area, it’s not a great economy so to speak but restaurants and bars stay busy.
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