Retiree behaviors in the time of inflation (grandma, senior, activities)
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i read an article recently where someone decided to get some "fancy donuts" and they were $20 EACH. not for a dozen, not for half a dozen, $20 EACH.
yikes.
I'm betting those were the truffle donuts. The donut is a dollar and the truffles are the other 19.
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There’s an outlet in a shopping center by my house. I don’t remember it being anywhere nearly this high, but that $90 flannel, 30% off, is $63. Still nuts.
Hmmmm...Christmas time? Same thing every year, jacked up prices and then heavily discounted. How can anyone gage the "fair price" of flannel or a winter jacket? Different brands, different countries of manufacturers, different materials.
Prices of commodities, energy, durable goods, etc. are what are used to determine inflation.
Just walked through Eddie Bauer. A simple flannel shirt was $90. A puffer jacket is $250. Yes, there were 30% discounts, but still, it’s just awful. I don’t know who is buying this stuff. People on fixed incomes certainly aren’t.
If it's a good heavy flannel that will last for 7 or 8 years, it might be worth it. Did the puffer jacket have goose down? Probably not, $250 would be cheap for down.
The point is, you have to know the quality, not just the price. Eddie Bauer has never been cheap but always good quality.
If it's a good heavy flannel that will last for 7 or 8 years, it might be worth it. Did the puffer jacket have goose down? Probably not, $250 would be cheap for down.
The point is, you have to know the quality, not just the price. Eddie Bauer has never been cheap but always good quality.
25 years ago I spent 1k on a bunch of north face gear when it was a true mountain climbing company …everyone thought I was nuts .Well today I still have most of it and use it
25 years ago I spent 1k on a bunch of north face gear when it was a true mountain climbing company …everyone thought I was nuts .Well today I still have most of it and use it
Those are actually anything but fixed income when combined ..which is why I dislike that term
Our income varies each year in retirement….
It is such a misused term just like the driven concept that retirees are poor, living on the edge and life for most is a struggle. That is why the younger generation can so often be negative towards us. They are our children and grand children and know that many of us are anything but limited/moderate in income. They know that seniors are one of the wealthiest segments of American society.
Multiple current threads in the forum have posts suggesting seniors are different in financial behavior than other groups of Americans. Low income is low income and low income seniors usually have more assistance available especially health care.
Affluence is affluence and your million has as much buying power as a 30 year old millions for the most part. Yours probably has more because you can still get a senior discount even if not needed. Think about that!
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