-OZ-
Footballguy
Yikes. We can get decent local brews for about $10 / 6 pack. I believe 12 packs of the non local stuff are usually around $18. Cases of the major brands are usually under $30.
But we used to get the good stuff for ~$1 / bottle.
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US economy thread (15 Viewers)
- Thread starter Jayrod
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But we used to get the good stuff for ~$1 / bottle.
Dezbelief
Footballguy
If you can find the local wholesale distributor for independent HVac techs the price is a lot better.
A case of 12 filters, 2" thick was $54 before the pandemic and $75 afterwards.
Ministry of Pain
Footballguy
MoP Soapbox moment coming
Food Prices are up over 24% since the start of the Pandemic
-The reason why many in here don't care or don't feel it is because the circle of bills most have on FBG is quite vast and the pie chart has many pieces.
-You can spin it however you want but for those who need every nickel in their paycheck to pay for 1. Food, 2.Housing and 3. Transportation, if you have to pay those 3 bills and don't have a lot of leftover, you know damn well that an increase to Food or any one of those is going to be a hardship.
Most folks in here have all sorts of monthly bills, memberships and the like, you might think all that is middle class living and part of the fabric but I assure you most in here acting like food isn't an issue likely have monthly nut totals North of at least $5k a month and maybe $10k+, when you shell that out each month, going from $500 a month on groceries to say $650 doesn't mean a lot.
What does 24% matter if it's maybe 2% of your total monthly nut?
The 24% increase you see to a lot of low wage earners out there, it gobbles up their spare loot fast
Food Prices are up over 24% since the start of the Pandemic
-The reason why many in here don't care or don't feel it is because the circle of bills most have on FBG is quite vast and the pie chart has many pieces.
-You can spin it however you want but for those who need every nickel in their paycheck to pay for 1. Food, 2.Housing and 3. Transportation, if you have to pay those 3 bills and don't have a lot of leftover, you know damn well that an increase to Food or any one of those is going to be a hardship.
Most folks in here have all sorts of monthly bills, memberships and the like, you might think all that is middle class living and part of the fabric but I assure you most in here acting like food isn't an issue likely have monthly nut totals North of at least $5k a month and maybe $10k+, when you shell that out each month, going from $500 a month on groceries to say $650 doesn't mean a lot.
What does 24% matter if it's maybe 2% of your total monthly nut?
The 24% increase you see to a lot of low wage earners out there, it gobbles up their spare loot fast
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dkp993
Footballguy
Yeah but what about Organic Corona?
Dezbelief
Footballguy
The rumor is all Corona is organic and kidney filtered.Yeah but what about Organic Corona?
Ministry of Pain
Footballguy
Isn't that what "Premier" is? Extra/Light/PremierYeah but what about Organic Corona?
Ministry of Pain
Footballguy
All my decent "local" brews that come in from other parts of the country are sold in 4-Tallboys like "Other Half" "KCBC" "Clown Shoes" and I do get some local local stuff from Florida that is sold in 6-packs but most of those are still sold commercially thru Publix as an example.
I like this one called Bee-s Squeeze out of Boynton-Copperpoint, it's a 6-pack Blonde ale w/a touch of honey and orange peel, 6 pack is $11.99
6-pack 72 oz...4-tallboys 64 oz, they're close
dkp993
Footballguy
I don’t even wanna fathom to guess how much that is!Isn't that what "Premier" is? Extra/Light/PremierYeah but what about Organic Corona?
Snotbubbles
Footballguy
I got rid of all my credit cards except 1. Have a $20K balance. Cost me $300 a month in interest payments. I have been doing the snowball method of paying things off starting with the lowest balance and moving to the highest. Just paid one of my cars off. Paid my kids 2023-2024 school tuition off. Working on paying my second car off now. Then I'll get to the credit card. Should have everything except the mortgage (have a 3.25% rate) off by January 2025.
Snotbubbles
Footballguy
My wife bought a new car last year, $42k out the door with Ford X Plan discount. As much as that was, we got out pretty well. Trucks right now are just ridiculous if you buy a new Ford. I don't know how folks do it. My youngest is looking for a new car as her college beater is on it's last legs, trying to find a sensible car under $20k is near to impossible. Feel sorry for kids getting spit out of college right now with **** degree's. Your future isn't looking good without some help. God forbid you have student loans of any value.
Mans got to have prioritiesI put the underwear back.
My daughter just bought a brand new Kia Rio. Think she said she paid $18K or $19K.
dkp993
Footballguy
So THAT’s why adding a lime is so important. All makes sense nowThe rumor is all Corona is organic and kidney filtered.Yeah but what about Organic Corona?
Doug B
Footballguy
Is this kind of thing meaningful? Or rather: Is it telling us anything meaningful about the rank-and-file people? It seems to be more an indication that the wealthy did awesome, but that a lot of people below maybe the 80th percentile in net worth ... those folks took a bath and are continuing to take baths.
One of my working assumptions about things like this is that "average** people" don't have true investment income ("true" meaning "not a 401k or similar through their work"). How are people who get by strictly on wages doing?
** I know your cite says "mean", which is good to use to reflect the math without "baggage". "Average" has both a mathematical and a rhetorical connotation.
General Malaise
Footballguy
Yeah, I should absolutely be buying these in bulk (and have) but we needed one right away as temps dropped and our current filter looked like an alpaca.
General Malaise
Footballguy
Costco's 12 pack is $22. That's how we do it.
Ministry of Pain
Footballguy
I am afraid to share what I eat n drink and spend out at lunch/early dinner about 2-3 times a week
I take advantage of the daily fresh catches at one of the better joints around here in Jupiter, they have tripletail, tilefish, red grouper, yellow snapper, wahoo, and you pay for it
But the fish is outstanding and it's not really cheap to get at the true fish markets around here, you don't save a lot of money cooking it at home.
Now filet mignon on the other hand, I save a fortune making Mrs MoP one fo those about once a month when her iron level drops dangerously low, think most know when that is.
Steak dinners for two, going out to a restaurant with a glass of wine, easily set you back $100-$200+ around here, can get those for sometimes $10, $15 a cut at the butcher shops.
I make a mean pan steak at home even though I rarely eat it myself, love to cook for others, yes I'm one of those.
BeTheMatch
Footballguy
Why would you pay a car loan over a high-interest credit card?
Jayrod
Footballguy
Dave Ramsey plan - it's all about psychology and not math.
General Malaise
Footballguy
Walmart has Corona for $17/12 pack.
rockaction
Footballguy
I don't know. I don't think the economy is very good and I'm looking at it from the perspective of somebody who wants it to be very, very good. Inflation is a killer because it's sticker shock to people and the increase in prices with stagnating wages is probably the easiest thing for a person to notice. It hits hard.
I'll also quibble with the fact that people will vote their pocketbook always, and I'll explicitly say that when a politician has shown scandalous or politically corrupt behavior it can reverberate in the voting public for a long time. Without editorializing, we might see that put to the test in the next year.
the moops
Footballguy
3 pack for 14 bucks on Amazon
24 bucks for paper towels also on Amazon
You survive by not just buying the most expensive thing in a random store
-OZ-
Footballguy
Thankfully we have a handful of breweries here which have made it into stores and you can buy at their restaurant. Same price, I assume they just make a little more if you buy at the source.
Ministry of Pain
Footballguy
I tried to go into Wal-Mart 2 weeks ago and left...
I did find a couple things but when I went to check out there was one cashier with a long line of folks that grabbed 1 of everything in the store
The self-checkout was at least 15 people deep and everyone looked lost trying to check out, looked like a scene from the Walking Dead or at least the Extras were out on their lunch break
I tossed both items on some sales rack around the front and walked out of the store empty handed
It's been at least 3-4 years since I stepped inside a Wal-Mart, pre-pandemic and Pre-George Floyd, it just looks like the worker are in a prison when I walk around there and the store music is enough to drive anyone insane within their 1st week of working there. I feel so bad for the employees, I feel like I'm contributing in a terrible way by supporting these places.
Ministry of Pain
Footballguy
So who buys all those expensive things in random stores?
Is that just for show like in some foreign countries where they have a display but nobody actually buys anything because the people don't have any money?
I understand what you're saying but that isn't as common as you think
Do you know how much my son's Publix stock is worth?...and he's no longer working there.
He has quite a nest egg already for when he turns 75 or whenever they stretch the age out to when he's ready to retire.
STEADYMOBBIN 22
Footballguy
beer 30
Footballguy
Ha! Yea, that's about the only make-model we've found that's under $20k. She's still weighing her options.
the moops
Footballguy
I'm just commenting on shady saying he is paying outrageous prices for things when those very things are substantially cheaper at Amazon. If he would take some time and not just buy 34 dollar paper towels at his local bodega he could survive in this world just fine
Ministry of Pain
Footballguy
Yours, Mine and almost everybody else on here has their 401k/403c directly tied to a lot of people not buying things below cost on Amazon I remind you
-Side note for the folks who advocate all those 0%(********) and Cash Back rewards(how big are those monthly nuts?) credit cards, you all must be spending a fortune on monthly bills, otherwise there wouldn't be all these rewards coming back.
-We have people that will hypnotize you into thinking they are spending massive amounts of money and getting free rolled like they are staying at The Bellagio for 5 Days...and yet people are defaulting on all this debt, incredible.
Ministry of Pain
Footballguy
I want to mention this as well
Amazon can be an adventure around where I live, and FedEx is absolute mayhem back here.
GPS does not work in my immediate neighborhood and things like pizza delivery and the like are close to impossible, Mrs and I prefer to be home on days we expect Amazon or any place to deliver packages, sometimes we have to retrieve them from neighbors or other places in our surrounding area.
Most people order and forget it, when it arrives it arrives, for us we have to almost be home waiting for it or it might not show up.
We can't have perishables shipped, we've tried.
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Ministry of Pain
Footballguy
Rewards of course, he's probably flying for free over the next couple of oil changes this year.
fruity pebbles
Footballguy
Zero inflation doesn’t mean it rolls back though. We are going to get to 2-3% inflation eventually but those sky high prices are here to stay……plus an additional 2-3% a year.
Ministry of Pain
Footballguy
Let me just level the playing field so this doesn't get off track or anywhere close to politics...Flags don't matter other than the Red, White & Blue!!!
Edited because of @General Malaise
Thanks GM
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rockaction
Footballguy
I wasn't doing it to introduce politics into it, MoP. I was saying what I said as living and breathing proof that somebody might argue that the economy is bad/good while endorsing/not endorsing a particular candidate.
I think we've got it in us -- as you allude to -- to put partisanship behind us when we're talking about facts and other things which, while able to be tweaked, are objectively trending in a certain direction. No amount of "well, you have to measure this" or, "well, you have to take this into account" can curb inflationary pains and wage stagnations. Inflation sucks for almost everybody (yes, I know some debtors benefit) and wages not going up hurts the large majority of the people that comprise the labor force.
Now, I'm sure it's way more complicated than that, but the effect of less purchasing power for your average citizen is not a good one, nor something that can be manipulated for pure politics. That's really my point. That partisanship won't color facts to the degree we think they might.
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General Malaise
Footballguy
This thread had been MOPPED
Ministry of Pain
Footballguy
It needed some cleaning up, some of you act like the price of goods has not gone up astronomically of late
Not you of course GM, but some seem to think things are just fine
You don't buy new cars so I know you're already one of those millionaire next door types
-Disappointed you didn't enjoy my Wal-Mart story
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Snotbubbles
Footballguy
Because the wife and I are not disciplined enough to not use the credit card, so if I keep it at or near the limit then the cc company stops me from using it. According to my budget, I'll have my car paid off in March 2025 and the credit card paid off in June 2025. Then all I'll have is my mortgage.
Snotbubbles
Footballguy
Honestly, it works.
It feels great when you pay a car off and get the title in the mail.
I paid my daughters tuition off this month. One more year of tuition payments and I'm done with those.
tommyGunZ
Footballguy
Economy clearly in shambles.
IvanKaramazov
Footballguy
The article gets into this, but "household wealth" is one of those variables where the mean and median are nowhere close to one another. The mean person might be a millionaire, but the median person can't even sniff seven figures:
Huge difference obviously. Most people are not millionaires. A million dollars isn't all that much money in terms of retirement savings, but it's still an unfathomable number for most people.
rockaction
Footballguy
Personal wealth, especially the measurement of income, has traditionally been measured by the median for the exact reason IK states. It's a long-time thing to say "median income" and use that as the measure of where America is really at.
That's a dilettante talking and not a wonderfully-prepared economics student, but you all get the picture if you already hadn't.
That's a dilettante talking and not a wonderfully-prepared economics student, but you all get the picture if you already hadn't.
I literally just bought a 4 pack of the top line 3M filters last night. This one here: link
$29.97 for one at Lowe’s. I got the 4 pack on sale at Costco for $34.99. Love my Costco. Just wish they had more sizes. I need 2 20x20s, but have two more smaller filters that they don’t carry. They do have Kirkland ones I’ve gotten before as well.
tommyGunZ
Footballguy
GDP Growth in Q3: 4.9%
Economy continues to be in shambles. High GDP growth and low unemployment is apparently a horrible combination.
Economy continues to be in shambles. High GDP growth and low unemployment is apparently a horrible combination.
Jayrod
Footballguy
All indications are this will not continue. Even the article says all of the experts are surprised.
The majority of the US doesn't really hold any net assets right now. A house or car with a mortgage that may or may not be upside down and CC debt to offset any positive value there plus little to no retirement or savings...and that is your lower-middle class folks. The rather large lower class group is living paycheck to paycheck and have watched their purchasing power dwindle greatly over the past 2 years.
Like Keerock said, we are bifurcated.
Keerock
Footballguy
I don't buy reports of low unemployment. Those calculations must not include everyone who is truly unemployed and/or somehow counts those with multiple jobs twice.
Sand
Footballguy
The issue isn't employment. Actually, that's the string that is holding everything together. The issue is profligate spending and high interest rates. If rates stay where they are we'll be paying close to 2T in interest on the debt alone two years from now. From there it becomes a death spiral. Monetary debasement is almost inevitable. The yen is waiting for our arrival.
Sand
Footballguy
Lots of horse farms south of the border.The rumor is all Corona is organic and kidney filtered.Yeah but what about Organic Corona?
Keerock
Footballguy
This thread contains a bevvy of word-of-the-day calendar champions!
Profilgate
Bifurcated
Immutable
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Stoneworker
Footballguy
I guess it's good if you like living in the past...
The Leading Economic Indicators* for the US fell again in September, marking a year and a half of consecutive monthly declines since April 2022,
So far, the US economy has shown considerable resilience despite pressures from rising interest rates and high inflation. Nonetheless, The Conference Board forecasts that this trend will not be sustained for much longer, and a shallow recession is likely in the first half of 2024.”
*The ten components of The Conference Board Leading Economic Index® for the U.S. include: Average weekly hours in manufacturing; Average weekly initial claims for unemployment insurance; Manufacturers’ new orders for consumer goods and materials; ISM® Index of New Orders; Manufacturers’ new orders for nondefense capital goods excluding aircraft orders; Building permits for new private housing units; S&P 500® Index of Stock Prices; Leading Credit Index™; Interest rate spread (10-year Treasury bonds less federal funds rate); Average consumer expectations for business conditions.
US Leading Indicators
The Conference Board Leading Economic Index® (LEI) for the United States
www.conference-board.org
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