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re: NBC: Thanksgiving Dinner is historically affordable
Posted on 11/26/24 at 3:34 pm to John Barron
Posted on 11/26/24 at 3:34 pm to John Barron
quote:
You may not know it by looking at the sticker prices in grocery isles, but...
0
Posted on 11/26/24 at 3:34 pm to ShoeBang
quote:Sure, there's been inflation in the past several years. That's no secret. That doesn't change the potential accuracy of the OP headline (I actually don't know if it's accurate, but it's not out of the question that it is).
God some of you rage monsters need to chill the frick out. I understand what it meant.
But also, you can’t pretend that wages have magically kept up with inflation for the last 4-5 years.
That’s everyone’s point.
Posted on 11/26/24 at 3:35 pm to Big Scrub TX
Sounds like we need to move to a stuffing based economy.
Posted on 11/26/24 at 3:35 pm to Nosevens
quote:Over which time period?
Wages have not kept up with inflation. I repeat for the audience in the back of the room not paying attention that wages have not kept up with inflation
Posted on 11/26/24 at 3:35 pm to Big Scrub TX
Were not families larger back then?
Posted on 11/26/24 at 3:36 pm to John Barron
Next month they will adjust the data and slide the decimal point one space to the right. Oopsie.
Posted on 11/26/24 at 3:38 pm to Big Scrub TX
That's interesting how you can talk out of your a$$ and your mouth just a few posts apart. That's some talent!
Posted on 11/26/24 at 3:39 pm to John Barron
The butter costs $7. So you can get the rest of the 10-person feast for $51?
Posted on 11/26/24 at 3:40 pm to NineLineBind
Don't trust your eyes lol
Posted on 11/26/24 at 3:41 pm to oklahogjr
Well if you are eating what you are full of then that could explain why your brain doesn’t work well
Posted on 11/26/24 at 3:42 pm to John Barron
Well I guess I’m voting for Biden then
Posted on 11/26/24 at 3:45 pm to Big Scrub TX
I’ll go with say the wage increases from 2019 forward to the inflation increase from 2019 forward. Real wages have not come close to real inflation, and I’m not talking about the numbers released monthly or YOY. Those bs numbers don’t include enough to make for accurate data but rather a best way to tamper down
Posted on 11/26/24 at 3:46 pm to goatmilker
quote:I don't know if the stats are already normalized for this variable, but let's assume that they are not:
Were not families larger back then?
Household size 1960: 3.3
Household size 2023: 2.51
Difference: 24%
Raise current 11% spent by 24%: 13.64%
It's still a lot lower.
Taking it even further, here's per capita spending on food expressed in year 2000 dollars:
quote:
1960 (in 2000 dollars): ~$5818
2023 (in 2000 dollars): ~$4317
Posted on 11/26/24 at 3:49 pm to Nosevens
quote:CPI from 2019 - 2023 is about 20%. Wage inflation at the 10th percentile (i.e. towards the very bottom of earners) was about 13%.
I’ll go with say the wage increases from 2019 forward to the inflation increase from 2019 forward. Real wages have not come close to real inflation, and I’m not talking about the numbers released monthly or YOY. Those bs numbers don’t include enough to make for accurate data but rather a best way to tamper down
Posted on 11/26/24 at 4:02 pm to John Barron
So NBC is inadvertently telling us that Kamala's rhetoric about the need to go after companies for price gouging was bullshite and higher cost at the grocery stores are in fact due to their inflationary polices while the companies providing the goods are operating at lower margins.
Posted on 11/26/24 at 4:04 pm to John Barron
quote:
NBC News claims that the cost for Thanksgiving dinner is at a 40-year low and that you can feed a family of 10 for $58 total, or $5.80 per person.
That's some serious gaslighting right there...
Is that hotdogs and chili?
This post was edited on 11/26/24 at 4:05 pm
Posted on 11/26/24 at 4:18 pm to John Barron
The people who watch that shite probably don't even look at the total cost when they shop. There's a significant amount of older suburbanites that while aren't rich they have enough of a retirement where money isn't a problem. This must be their viewership populace
Posted on 11/26/24 at 4:21 pm to Big Scrub TX
If you believe those bs numbers vs real inflation across the grocery spectrum then you either aren’t buying the items or you’re just oblivious about. There is very little that hasn’t gone up 30% or more. It’s so rough that most meat in large markets have replaced their suppliers with lower quality meat, just to attempt to keep a lid on it. Packaging has also changed with items on the shelves. A report came out earlier this year suggesting that it would reduce the families operating budgets that housing (rents) and car payments delinquencies would increase by years end. Well guess what it has spiked yo 2008 levels.
Posted on 11/26/24 at 4:53 pm to John Barron
Just the oil to fry the turkey is more than $50
Posted on 11/26/24 at 5:02 pm to jaytothen
My family spent $200 all in for 8. Includes turkey, sides, desserts, and wine.
$58 my arse.
Our turkey was $40 alone.
$58 my arse.
Our turkey was $40 alone.
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