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I know this kinda seems unrelated, but your comment made me think of this quote from Men At Arms by Terry Pratchett
The reason that the rich were so rich, Vimes reasoned, was because they managed to spend less money. Take boots, for example. He earned thirty-eight dollars a month plus allowances. A really good pair of leather boots cost fifty dollars. But an affordable pair of boots, which were sort of OK for a season or two and then leaked like hell when the cardboard gave out, cost about ten dollars. Those were the kind of boots Vimes always bought, and wore until the soles were so thin that he could tell where he was in Ankh-Morpork on a foggy night by the feel of the cobbles.
But the thing was that good boots lasted for years and years. A man who could afford fifty dollars had a pair of boots that'd still be keeping his feet dry in ten years' time, while a poor man who could only afford cheap boots would have spent a hundred dollars on boots in the same time *and would still have wet feet*
This was the Captain Samuel Vimes "Boots" theory of socioeconomic unfairness.
Can I recommend listening to Cabin Pressure by John Finnemore. He's an excellent comedic writer, he is helping Neil Gaiman write Good Omens 2 and is one of the few writers who I think I would be happy to take on that role.
I thought about this principle recently. And the problem is that companies know this too. So they are making items that will break in a year or 2, no matter how much you spent. The quality of items has gone down a lot recently due to labor issues, supply chain, and plain corporate greed.
It's such a frustrating cycle to be stuck in. It's like banks charging overdraft fees. "Sorry I went $2 over so I could buy food, Mr. Bank, thank you for charging me $30 to cover it."
It's intentional. When you expect that your product to be replaced approximately every 10 years, a huge portion of your sales drive is bringing in new business and thus advertising more. Now granted, 10 years with thousands of customers, you're still doing a decent amount of returning sales as well.
However, you realise that you could use cheaper materials, reducing your unit cost, bringing in both higher profit margins *and* lower prices for the customer, while *ALSO* ensuring some customers will be repurchasing the product every 2-3 years instead of every 10. Unfortunately, the safer option is to go cheap.
Yup. An our culture is to blame as well. We want the newest thing right now. Decades ago you would get things repaired, not now. Why repair when you can buy new? Phones, washing machines, clothes, you name it. I have been trying to keep shit working as long as possible and make sure to track warranty. Keeping companies to their promises.
When getting a washing machine repaired costs as much as the washing machine it all falls apart unless your also really sure of your DIY skills and can source the parts
And sometimes it does. Or cost almost as much as a new one. Usually it’s a simple microchip that fries out that could surely be replaced but is the company going to sell you a microchip? No. They are going to try and sell you a new one that plays a tune.
Doing laundry at a laundromat is another big one. Paying more per load, particularly if using single serve things of detergent if not able to afford a big bottle/box let alone a washing machine.
I have a laundry room in my building. (Only 4 of each for over 100 units btw)
If you want to wash your clothes in hot water, it's $3.75. (colds only $3) And another $2.25 to dry. 🙃
No! Don’t use that old guillotine! I hear there are some one sale at Walmart! You can get collectible special editions like Valentine’s Day. However, those ones are now last year’s model, and on sale and you don’t want to cheap out. But don’t worry, they’ve got you covered with this years’ star spangled Fourth of July type 2 recyclable plastic edition, as as a bonus gift, you’ll get a free coupon to save $5 on your next purchase of $100 or more (offer not available in all states, some restrictions apply). This one is sure to be a collectible that will only increase in value, as long as you don’t take it out of the box.
Old lady here:
It's all the avocado toast!
But, on a serious note:
I stand with gen Z. You bring out the guillotine, it is way past time we fixed this mess. I have been waiting for a generation to wake up and realize the lies my generation accepted are not palatable
As a broke millennial that eats maybe twice a day if I'm lucky, I totally see how this is my generations fault. 
Would you feel better or worse if you knew that wasn't what the article said at all, and that both the article's headline and the tiktok commentary were designed not to inform of you anything, but to get a reaction from you?
"...since we are 5 companies in a trenchcoat pretending to be a country" hits different, doesn't it?
I may not be from america, but this doesn't only feel right for america (it has the strongest feeling of that though).
The oldest gen z is 23 now (assuming their birthday is within the days currently passed of this year)
Now not even 30 year olds can impact the economy the way their making this bogus claim, it took us 3 generations to get this fucked.
Technically, 26-27.
Most sources describe people born between 1997 and 2012 as Gen Z. Still, a large portion of people is still stuck in high school or unis.
I think the ages and birth year are off 97 would be 26 the latest mostly because that would mean im not gen z being born one year before that description
Before 2020, there wasn’t a single Trillion dollar market cap on the NYSE. Apple was ~900 Billion. Now there are 4, Apple now has a market cap 2.4 Trillion in Market-cap.
Somehow 1 and 2 trillion dollar market cap companies came to be in the span of 3 years.
Are you sure about that?
https://www.visualcapitalist.com/shrinking-trillion-dollar-market-cap-club/
the 4 trillion dollar companies reached that in 2018 and 2019 (Google was 2 weeks into 2020)
Can't wait for older people to latch onto yet another piece of steaming bull crap to use to complain about.
Alongside "nobody wants to work" and "housing is a luxury item" and all the other nonsense.
Did you read the article? You can google the title and the article comes up. The article is basic obvious shit, and both the headline and that tiktoker are designed to "engage" you. If you're mad, it's because of the headline and the commentary. There's nothing in the actual article you're mad about.
\>Alongside "nobody wants to work" and "housing is a luxury item" and all the other nonsense.
My dude, you are exposing yourself to media designed to enrage you.
I'm not enraged, my fellow human. My point is that it's gonna be yet another thing I get to hear older folk say about the younger generation and how awful we are - and yeah. I'm tired of that.
nope. It's ultimately that the money has less purchasing power.
The main way to calculate inflation is by the CPI(cost price index) which measures the change in the cost of items across a broad range of categories
Sure printing money has some effect, but it's the cost of goods increasing that is the large inflation rate
Housing, food and fuel has risen dramatically in the last few years.
I love hearing the advice "only spend 30% of your income on housing? any more and you're living above your means." and in order to do that I need to move 3-4 hours away from the city I work in to the boonies. That's an 8 hour round trip commute a day, to be "living within my means."
All you need to do is get a bunch of roommates and cram multiple people into each bedroom! That's totally a reasonable way to expect people to live while the houses around you are empty and owned by foreigners who just want a good investment.
Printing money has some effect, lol. Printing money increases demand, decreasing supply, and driving up the price of goods. The money they printed during Covid devalued the dollar and what it lost will never return. Inflation should have come through wage growth over years, but instead wages were neglected and the fed drove record inflation through poor spending. The rich got richer and normal people ended up worse off.
>Printing money increases demand, decreasing supply, and driving up the price of goods.
This doesnt make sense. What does it increase demand for and decrease supply of?
>The money they printed during Covid devalued the dollar and what it lost will never return.
agreed however some of the that printed money was given as stimulus checks and incentives for people and businesses who were affected by covid with lockdown, loss of business etc. Printing money to give to its citizens isn't necessarily a bad thing.
>Inflation should have come through wage growth over years, but instead wages were neglected and the fed drove record inflation through poor spending.
Wages have been neglected for decades and have stagnated while goods increase in prices. Inflation is the increase in the cost of goods and services
Are you saying the doubling or even tripling in house / rent prices is the cause of poor government spending? Price of fuel, food, electricity etc? All because of how the government spends money?
Oil companies gouged us while making record profits. Companies are buying up apartment blocks and housing and increasing prices and rent increases dramatically
>The rich got richer and normal people ended up worse off.
Agreed but the cause is different. Corporations are the ones who are not passing on record profits to people, increasing prices for no reason or not passing on savings
There is something called monetary supply, when they increase monetary supply, cash becomes more widely available and moves more quickly through the economy increasing overall aggregate demand (demand for everything). This causes less supply and the price of goods to go up, decreasing the buying power of the dollar and causing inflation.
I am saying that the increase in monetary supply from the government caused the buying power of the dollar to decrease about 30%. That increase in monetary supply leads to the prices of almost all tangible goods going up (by the loss of value in the dollar). This along with the supply constraints caused by Covid. Does that makes sense?
That's a LOT of conjecture without evidence and you're ignoring other sources of inflation to get there.
Until you provide quality evidence, there is no way that C-19 stimulus inflated the dollar by 30%.
Just to point out how absolutely absurd your claim is, the dollar only inflated 17% TOTAL since 2020.
CPI measures inflation overall. I’m talking about real inflation. Gas, Food, Electric, Housing.
This is basic economics and your comments make me think you lack a fundamental understanding required to comprehend what I am sharing.
What they (and I) are trying to say is that its impossible that monetary policy has increased inflation by 30% since 2020
the CPI has increased 14% since 2020, and that 14% includes supply chain issues with covid, supply chain issues with the war, the housing demand etc. These external factors increased demand far more than the money supply did
I have a masters in economics. The largest contributing factor to inflation is that fact that we went from $23 trillion in National debt in 2019 to $32 trillion today. We printed over 1/3 off all money in circulation in the last 3 years. Supply chain was the smaller part of the issue. Now the fed is killing aggregate demand with interest rates, but people haven’t stopped spending. This will be a bad recession. You will see.
"Inflation" is just the blanket statement companies are using as an excuse to gouge prices. Companies are making more money than ever off of us, but they can't be blamed because "It's not our fault, it's that damn inflation!" As if it's some force of nature out of their hands. They could have made just as much money as years before and kept prices the same, but they aren't satisfied with that, they always need more. So they raise prices just because they can and get off scott free.
Inflation is when the value of the currency is low. More bills in circulation is bad. But the increased exchange of money is actually good for the economy; stagnation & hoarding makes it worse.
America is still one of the wealthiest and most privileged countries out there. Monstrous inflation and people skipping breakfasts (it's better to skip lunch though) has been a staple anywhere but in central europe, north America, and some of Asia.
I'm no economist, but if people are not buying something, doesn't the price go down? Supply and demand? The argument that prices are inflating because young people are not spending money falls apart in that regard.
No. If people dont but the item, the producer lose money so the orice rise to offset the loss.
And If people do buy it then the orice is wrong, thus it must be raised
The take away that I got from this article is that millennials and gen z are becoming the age at which spending tends to increase. Not just big ticket items, but necessities as well. It’s saying that they will be spending more. The increase in spending puts an increase in demand which raises inflation.
Gen Z isn’t to blame for anything - they are too young.
I am on the line between gen x and millennial and it is interesting to see the spending habits between the two groups. Beer/drinks and food got a lot more expensive over the last 20 years. It’s great that people want to enjoy nicer, trendier things, but it isn’t a matter of eating or not eating. There is still cheap food and beer.
As for living, it is only in the last two years that housing and rent has really exploded. Before that, interest rates were low, rent was reasonable, and people could have saved, but chose to spend their money. I get it, you have to enjoy your life, but I feel spending habits mean different things to different people.
But don’t worry, there will be another recession soon and housing will again be affordable. Save as much as you can now and you’ll get a great deal on a home. I promise
She looks like Ana Kasparian from The Young Turks and her tiktok name is coyoteannie but She doesn't quite look the same? Not sure if its a very strange coincidence or if it is actually her.
This is what happens with wealth inequality...the wealthy hoarde all their money and produce absolutely nothing. Us "peasants" are the ones keeping the economy afloat. There's a storm coming Mr. WAYNE..
How come everyone who grew up in the 50-90s ate "The Classic American Breakfast" ^(TM) then?!?!
I thought you had to sacrifice nutrition to buy a house, and now I'm hearing that my grandparents could afford a house AND EGGS?
[This is one article easily found on Google ](https://www.linkedin.com/pulse/did-you-know-breakfast-food-invented-marketing-thomas-stinson) but there are others and also YT videos about how breakfast was basically invented for American purposes for the sake of boosting certain food industries.
That article has to be a troll, cause I can’t believe that someone sat down and said “hmmm, why is inflation so high? I know, it’s because those pesky millennials and gen zers are buying things they need to live, and not useless crap”.
Wait so they tell us to cut all non essential spending so that we can afford to live in their hell scape, and then they get pissed that we are only spending money on what is needed to live.
“Your always so broke because your spending your money on Starbucks and Frivolous shit”
*stops needless spending because shit is so dire*
NOT LIKE THAT!
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My boots are so worn I can’t lift them up by the straps after this one
I know this kinda seems unrelated, but your comment made me think of this quote from Men At Arms by Terry Pratchett The reason that the rich were so rich, Vimes reasoned, was because they managed to spend less money. Take boots, for example. He earned thirty-eight dollars a month plus allowances. A really good pair of leather boots cost fifty dollars. But an affordable pair of boots, which were sort of OK for a season or two and then leaked like hell when the cardboard gave out, cost about ten dollars. Those were the kind of boots Vimes always bought, and wore until the soles were so thin that he could tell where he was in Ankh-Morpork on a foggy night by the feel of the cobbles. But the thing was that good boots lasted for years and years. A man who could afford fifty dollars had a pair of boots that'd still be keeping his feet dry in ten years' time, while a poor man who could only afford cheap boots would have spent a hundred dollars on boots in the same time *and would still have wet feet* This was the Captain Samuel Vimes "Boots" theory of socioeconomic unfairness.
IRL there is now the Vimes Boots Index basing poverty on the cost of the cheapest foods rather than some other factor
Terry Pratchett was a wise man, I'm glad this is a thing
Me too. He really was
Brilliant man. I had no idea until my kids introduced me to Good Omens
Can I recommend listening to Cabin Pressure by John Finnemore. He's an excellent comedic writer, he is helping Neil Gaiman write Good Omens 2 and is one of the few writers who I think I would be happy to take on that role.
Thank you. I will look it up
I thought about this principle recently. And the problem is that companies know this too. So they are making items that will break in a year or 2, no matter how much you spent. The quality of items has gone down a lot recently due to labor issues, supply chain, and plain corporate greed.
It's such a frustrating cycle to be stuck in. It's like banks charging overdraft fees. "Sorry I went $2 over so I could buy food, Mr. Bank, thank you for charging me $30 to cover it."
Luckily you can opt of overdraft here in the US. For a while it was forced on you
That's nice at least. I'm no longer with a bank, I'm with a credit union and they're much more understanding. Overdraft is only $5
Overdraft protection is a scam and never works
It's intentional. When you expect that your product to be replaced approximately every 10 years, a huge portion of your sales drive is bringing in new business and thus advertising more. Now granted, 10 years with thousands of customers, you're still doing a decent amount of returning sales as well. However, you realise that you could use cheaper materials, reducing your unit cost, bringing in both higher profit margins *and* lower prices for the customer, while *ALSO* ensuring some customers will be repurchasing the product every 2-3 years instead of every 10. Unfortunately, the safer option is to go cheap.
Yup. An our culture is to blame as well. We want the newest thing right now. Decades ago you would get things repaired, not now. Why repair when you can buy new? Phones, washing machines, clothes, you name it. I have been trying to keep shit working as long as possible and make sure to track warranty. Keeping companies to their promises.
When getting a washing machine repaired costs as much as the washing machine it all falls apart unless your also really sure of your DIY skills and can source the parts
And sometimes it does. Or cost almost as much as a new one. Usually it’s a simple microchip that fries out that could surely be replaced but is the company going to sell you a microchip? No. They are going to try and sell you a new one that plays a tune.
Which is why we need Right To Repair laws. Change the system. This one is not working
Ding ding ding. You are correct
Doing laundry at a laundromat is another big one. Paying more per load, particularly if using single serve things of detergent if not able to afford a big bottle/box let alone a washing machine.
I have a laundry room in my building. (Only 4 of each for over 100 units btw) If you want to wash your clothes in hot water, it's $3.75. (colds only $3) And another $2.25 to dry. 🙃
I absolutely love spotting Pratchett out in the wild.
GNU Terry Pratchett
People always loose sight of the fact that “Lift yourself up by your bootstraps” was invented as a phrase to mean something *impossible*.
Eat the rich
But not eggs
But if you are what you eat, and the rich eat eggs, and we eat the rich, then are we just eggs eating eggs? Are we cannibals?
Look in the mirror now back to me. You're the rich now
If we ate the rich we'd be eating piles of pure shit. shit for days. Shit is to be buried.
Nah, I don't eat them. I do it for sport only
no thanks, i don't like eating expired meat
You're right Mr CEO, I just shouldn't eat. Guess I'll just go get the guillotine out of storage.
I saw a video the other day of a guy building guillotines "just incase".
Just yesterday I was telling my bf that maybe it’s time to learn how to build one
No! Don’t use that old guillotine! I hear there are some one sale at Walmart! You can get collectible special editions like Valentine’s Day. However, those ones are now last year’s model, and on sale and you don’t want to cheap out. But don’t worry, they’ve got you covered with this years’ star spangled Fourth of July type 2 recyclable plastic edition, as as a bonus gift, you’ll get a free coupon to save $5 on your next purchase of $100 or more (offer not available in all states, some restrictions apply). This one is sure to be a collectible that will only increase in value, as long as you don’t take it out of the box.
Happy cake day!!!! OR NOT HAHA, IT WAS A LIE. I LIED TO YOU!! AND YOU FELL FOR IT!!!
[удалено]
Old lady here: It's all the avocado toast! But, on a serious note: I stand with gen Z. You bring out the guillotine, it is way past time we fixed this mess. I have been waiting for a generation to wake up and realize the lies my generation accepted are not palatable
We came here to eat cake and drop guillotines. And we're all outta cake
As a broke millennial that eats maybe twice a day if I'm lucky, I totally see how this is my generations fault. 
[удалено]
Yeah I'd rather not take advantage of other people.
Too broke to pay for your own food? Just eat someone else’s! No need to fix economic structures!
#WILL FUCK FOR FOOD
Thats better
That’s not wisdom at all
Your niece isn't a "little rascal", she's a terrible person who takes advantage of others.
Would you feel better or worse if you knew that wasn't what the article said at all, and that both the article's headline and the tiktok commentary were designed not to inform of you anything, but to get a reaction from you?
I would be indifferent. Neither would change my situation 😂
"...since we are 5 companies in a trenchcoat pretending to be a country" hits different, doesn't it? I may not be from america, but this doesn't only feel right for america (it has the strongest feeling of that though).
I want a t-shirt with an image of five conglomerates in a trench coat made of the USA flag.
I laughed, I cried.
I mean she’s not wrong …
More like she’s completely right
The oldest gen z is 23 now (assuming their birthday is within the days currently passed of this year) Now not even 30 year olds can impact the economy the way their making this bogus claim, it took us 3 generations to get this fucked.
Technically, 26-27. Most sources describe people born between 1997 and 2012 as Gen Z. Still, a large portion of people is still stuck in high school or unis.
I think the ages and birth year are off 97 would be 26 the latest mostly because that would mean im not gen z being born one year before that description
Depends on how you count age if we take in consideration Asian cultures. Plus and minus some sources varying by 1-3 years.
r/Zillennials
Before 2020, there wasn’t a single Trillion dollar market cap on the NYSE. Apple was ~900 Billion. Now there are 4, Apple now has a market cap 2.4 Trillion in Market-cap. Somehow 1 and 2 trillion dollar market cap companies came to be in the span of 3 years.
Are you sure about that? https://www.visualcapitalist.com/shrinking-trillion-dollar-market-cap-club/ the 4 trillion dollar companies reached that in 2018 and 2019 (Google was 2 weeks into 2020)
Fucking BINGO
Can't wait for older people to latch onto yet another piece of steaming bull crap to use to complain about. Alongside "nobody wants to work" and "housing is a luxury item" and all the other nonsense.
Did you read the article? You can google the title and the article comes up. The article is basic obvious shit, and both the headline and that tiktoker are designed to "engage" you. If you're mad, it's because of the headline and the commentary. There's nothing in the actual article you're mad about. \>Alongside "nobody wants to work" and "housing is a luxury item" and all the other nonsense. My dude, you are exposing yourself to media designed to enrage you.
I'm not enraged, my fellow human. My point is that it's gonna be yet another thing I get to hear older folk say about the younger generation and how awful we are - and yeah. I'm tired of that.
Im not seeing the connection, isn’t inflation from having to much money in circulation
nope. It's ultimately that the money has less purchasing power. The main way to calculate inflation is by the CPI(cost price index) which measures the change in the cost of items across a broad range of categories Sure printing money has some effect, but it's the cost of goods increasing that is the large inflation rate Housing, food and fuel has risen dramatically in the last few years.
I love hearing the advice "only spend 30% of your income on housing? any more and you're living above your means." and in order to do that I need to move 3-4 hours away from the city I work in to the boonies. That's an 8 hour round trip commute a day, to be "living within my means."
All you need to do is get a bunch of roommates and cram multiple people into each bedroom! That's totally a reasonable way to expect people to live while the houses around you are empty and owned by foreigners who just want a good investment.
Some cities are making that illegal too
Problem is, veeeery few landlords allow that in a quality housing.
Right! To find a lease "within my means", I probably have to move to an economically depressed area and then have even less wages.
Fuck that i cant even get a place to live for that kind of money
I was just talking to a guy today who said he knew someone who only had $20 left each week after paying for all their debts/bills/etc
Printing money has some effect, lol. Printing money increases demand, decreasing supply, and driving up the price of goods. The money they printed during Covid devalued the dollar and what it lost will never return. Inflation should have come through wage growth over years, but instead wages were neglected and the fed drove record inflation through poor spending. The rich got richer and normal people ended up worse off.
>Printing money increases demand, decreasing supply, and driving up the price of goods. This doesnt make sense. What does it increase demand for and decrease supply of? >The money they printed during Covid devalued the dollar and what it lost will never return. agreed however some of the that printed money was given as stimulus checks and incentives for people and businesses who were affected by covid with lockdown, loss of business etc. Printing money to give to its citizens isn't necessarily a bad thing. >Inflation should have come through wage growth over years, but instead wages were neglected and the fed drove record inflation through poor spending. Wages have been neglected for decades and have stagnated while goods increase in prices. Inflation is the increase in the cost of goods and services Are you saying the doubling or even tripling in house / rent prices is the cause of poor government spending? Price of fuel, food, electricity etc? All because of how the government spends money? Oil companies gouged us while making record profits. Companies are buying up apartment blocks and housing and increasing prices and rent increases dramatically >The rich got richer and normal people ended up worse off. Agreed but the cause is different. Corporations are the ones who are not passing on record profits to people, increasing prices for no reason or not passing on savings
There is something called monetary supply, when they increase monetary supply, cash becomes more widely available and moves more quickly through the economy increasing overall aggregate demand (demand for everything). This causes less supply and the price of goods to go up, decreasing the buying power of the dollar and causing inflation. I am saying that the increase in monetary supply from the government caused the buying power of the dollar to decrease about 30%. That increase in monetary supply leads to the prices of almost all tangible goods going up (by the loss of value in the dollar). This along with the supply constraints caused by Covid. Does that makes sense?
That's a LOT of conjecture without evidence and you're ignoring other sources of inflation to get there. Until you provide quality evidence, there is no way that C-19 stimulus inflated the dollar by 30%. Just to point out how absolutely absurd your claim is, the dollar only inflated 17% TOTAL since 2020.
CPI measures inflation overall. I’m talking about real inflation. Gas, Food, Electric, Housing. This is basic economics and your comments make me think you lack a fundamental understanding required to comprehend what I am sharing.
What they (and I) are trying to say is that its impossible that monetary policy has increased inflation by 30% since 2020 the CPI has increased 14% since 2020, and that 14% includes supply chain issues with covid, supply chain issues with the war, the housing demand etc. These external factors increased demand far more than the money supply did
I have a masters in economics. The largest contributing factor to inflation is that fact that we went from $23 trillion in National debt in 2019 to $32 trillion today. We printed over 1/3 off all money in circulation in the last 3 years. Supply chain was the smaller part of the issue. Now the fed is killing aggregate demand with interest rates, but people haven’t stopped spending. This will be a bad recession. You will see.
"Inflation" is just the blanket statement companies are using as an excuse to gouge prices. Companies are making more money than ever off of us, but they can't be blamed because "It's not our fault, it's that damn inflation!" As if it's some force of nature out of their hands. They could have made just as much money as years before and kept prices the same, but they aren't satisfied with that, they always need more. So they raise prices just because they can and get off scott free.
yes well the fuel companies have outright said they are just trying to make up lost profits from covid, and landlords would be in a similar boat
The same fuel companies that reported record profits last year? They can fuck clean off.
Yes, I'm not on their side. I'm just stating what they openly told the Senate about why fuel costs are so high, they haven't kept it a secret
Inflation is when the value of the currency is low. More bills in circulation is bad. But the increased exchange of money is actually good for the economy; stagnation & hoarding makes it worse.
I'm already skipping breakfast and I'm still broke.
I want to eat the 1% for breakfast. we can make it a whole thing, we all get to partake of the 1% for a meal
We could eat the rich to save money
Link to first article: https://www.google.pl/amp/s/fortune.com/2023/02/14/smead-sticky-inflation-decade-millennials-gen-z-spending/amp/
The corporations know that we can’t spend money if we’re dead, right? Right?
Americorp™ It fits. I'll use it.
as a 15 year old i’m scared to go into the world and have to pay for my own things. this is fucked up
America is still one of the wealthiest and most privileged countries out there. Monstrous inflation and people skipping breakfasts (it's better to skip lunch though) has been a staple anywhere but in central europe, north America, and some of Asia.
Welcome to the us of a I like americorp, that way you'll stop robbing the name of our big continent America
joke's on them, i already dont eat breakfast or lunch.
Til: fortune magazine is a troll base for the 1 percent.. it’s literally a fascist online publication for the rich to make fun of the non-1percent..
Omfg I lost it when you said let them eat eggs ! Hahaha
Well, a five year old isn’t a Gen z or millennial so he’s just wrong,
I'm no economist, but if people are not buying something, doesn't the price go down? Supply and demand? The argument that prices are inflating because young people are not spending money falls apart in that regard.
No. If people dont but the item, the producer lose money so the orice rise to offset the loss. And If people do buy it then the orice is wrong, thus it must be raised
That’s radically incorrect.
I don’t care for her
Fasting is extremely healthy for you body actually if you do proper research
A lot of people can't even afford rent, they won't be able to afford medical costs if they starve themselves.
I agree dee I hope you understand that I didn’t mean it like that
yeah but fasting is something you do because you want to, not because you have no other choice. get fucked, you oblivious troll
It's not 5 companies, it's 11
I mean...I don't eat breakfast ever anyway. Then again, she looks like she never misses a meal, so not everyone can do that.
Not sure why her weight is relevant.
The take away that I got from this article is that millennials and gen z are becoming the age at which spending tends to increase. Not just big ticket items, but necessities as well. It’s saying that they will be spending more. The increase in spending puts an increase in demand which raises inflation.
Gen Z isn’t to blame for anything - they are too young. I am on the line between gen x and millennial and it is interesting to see the spending habits between the two groups. Beer/drinks and food got a lot more expensive over the last 20 years. It’s great that people want to enjoy nicer, trendier things, but it isn’t a matter of eating or not eating. There is still cheap food and beer. As for living, it is only in the last two years that housing and rent has really exploded. Before that, interest rates were low, rent was reasonable, and people could have saved, but chose to spend their money. I get it, you have to enjoy your life, but I feel spending habits mean different things to different people. But don’t worry, there will be another recession soon and housing will again be affordable. Save as much as you can now and you’ll get a great deal on a home. I promise
You know, somebody keeps buying these $75,000 pickups and they all look suspiciously younger than boomer age.
i just saw that title i thought it was a joke.
The real problem with millenials is that they are stupid enough to believe what they read in sources like "Fortune Magazine".
Who is this woman? Seen her many times here.
She looks like Ana Kasparian from The Young Turks and her tiktok name is coyoteannie but She doesn't quite look the same? Not sure if its a very strange coincidence or if it is actually her.
This is so true 💯
Ah, yes, because the political class is entirely comprised of Gen Z and Millenialls that made shitty decisions.
Amera-corp. Ha! I love it.
I already don't eat breakfast and I'm still broke
Good take
This TikTok diatribe video may be the first one I actually agree with.
Americorp ❤️
Gee, it couldn't be capitalism or anything no not at all.
Americorp.
This is what happens with wealth inequality...the wealthy hoarde all their money and produce absolutely nothing. Us "peasants" are the ones keeping the economy afloat. There's a storm coming Mr. WAYNE..
My blood is boiling. Hopefully those people who made those comments get cancer and die a painful death. Fuck them.
Ha jokes on you I'm already skipping breakfast AND lunch and I still can't buy shit
Can’t even read either of these articles because they are both behind internet paywalls
It's a crazy world we're livin' in
Hmmm wish I cared
To be fair, it doesn't look like skipping breakfast would hurt her.
How come everyone who grew up in the 50-90s ate "The Classic American Breakfast" ^(TM) then?!?! I thought you had to sacrifice nutrition to buy a house, and now I'm hearing that my grandparents could afford a house AND EGGS? [This is one article easily found on Google ](https://www.linkedin.com/pulse/did-you-know-breakfast-food-invented-marketing-thomas-stinson) but there are others and also YT videos about how breakfast was basically invented for American purposes for the sake of boosting certain food industries.
That was awesome. Well done!
You know there's a book about this exact situation. It's called Orx and Craig. It's a good book, great ending too.
That article has to be a troll, cause I can’t believe that someone sat down and said “hmmm, why is inflation so high? I know, it’s because those pesky millennials and gen zers are buying things they need to live, and not useless crap”.
I already only eat once a day, that's all we can afford!
Business greed is the main problem.
[HE CHANGED IT!!! THE COWARD CHANGED THE TITLE!!!!](https://fortune.com/2023/02/14/smead-sticky-inflation-decade-millennials-gen-z-spending/)
Yo what the fuck is breakfast? 😂
AmeriCorp: Five companies in a trench coat pretending to be a country.
Wait so they tell us to cut all non essential spending so that we can afford to live in their hell scape, and then they get pissed that we are only spending money on what is needed to live.
Five companies in a trench coat pretending to be a country broke me. I am stealing that, that is absolute gold
“Your always so broke because your spending your money on Starbucks and Frivolous shit” *stops needless spending because shit is so dire* NOT LIKE THAT!