Decades ago, in undergrad, I wrote a paper on recessions and the effects on everyday items. Oddly enough, the less money people have, the more likely that they will spend a tiny amount on luxury goods like chocolates. You add up all those people who buy small boxes of chocolates when they normally wouldn’t, and you’ve got your uptick in sales.
Yep, becomes a lot less important to save towards something when you have less than before. Those small luxuries are a mental health savior. That plus all the feel-good chemistry that happens with things like chocolate.
There’s no sense in saving towards something when it has suddenly become more than you could ever afford. Might as well buy some chocolate, it’s good for morale.
The GF and I were looking at houses a while back but never pulled the trigger. Fast-forward 4 or 5 years and now we will literally never be able to afford a house because the prices are fucking outrageous. We’ve given up and just spend our money on decent food instead.
Decades ago, in undergrad, I wrote a paper on recessions and the effects on everyday items. Oddly enough, the less money people have, the more likely that they will spend a tiny amount on luxury goods like chocolates. You add up all those people who buy small boxes of chocolates when they normally wouldn’t, and you’ve got your uptick in sales.
Yep, becomes a lot less important to save towards something when you have less than before. Those small luxuries are a mental health savior. That plus all the feel-good chemistry that happens with things like chocolate.
There’s no sense in saving towards something when it has suddenly become more than you could ever afford. Might as well buy some chocolate, it’s good for morale.
The GF and I were looking at houses a while back but never pulled the trigger. Fast-forward 4 or 5 years and now we will literally never be able to afford a house because the prices are fucking outrageous. We’ve given up and just spend our money on decent food instead.