Retiree behaviors in the time of inflation (New York, elder, expensive)
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Of course. The same is true among other age cohorts - those in their 50s, their 40s, etc.
However when you look at both the mean and median, and also look at the percentage of each age cohort that has achieved affluence, seniors win the prize in all categories.
This has more to do with markets being good and the time to let investments grow - the next group that is in their 50s will see the same when they get to be "seniors" in a decade. A decade can double savings with an average market gain even without adding to savings, with added savings can be much higher. Time value of money is one of the most reliable ways to increase net worth.
I gave up Costco many years ago when I was about your age. As a single person and not buying for a family, I learned I could save lots of money by not shopping there. The only thing I missed was the pizza.
If you ever have to put yourself on a budget, you learn what products are necessary and what products are frivolous. I learned most things from Costco I was buying were frivolous and in quantities that made no sense at all for a single person.
It made far more sense for me to watch what was going on sale at the supermarket and buy just what I needed for a week or two, not six months worth.
I have a pretty good sized garage with quite a bit of shelving, so I'll buy the big things of paper products and whatnot. I always buy soft drinks and beer at the wholesale club. I'll buy some frozen foods at the wholesale clubs. I got a 10 pack of knockoff frozen Chick-Fil-A spicy chicken sandwich for like $16. Frozen chicken is a common staple in my freezer. I make a lot of smoothies for breakfast, so I buy the bulk frozen berries and orange juice. Occasionally a gallon of milk, Greek yogurt, but yeah, it's usually stuff that can be frozen/sat on the shelf, and something I use a lot of.
I share a Sam's Plus membership with my parents. It's like $110/year for the membership, but you get 2% cash back, up to a $500 rebate per year. Three cars (and my girlfriend's about once a week) get filled up mostly at Sam's. Tires. We got something like $120 back on the rebate last year.
I filled up for $2.74 today at Sam's, and the next cheapest gas I found was $2.94 on GasBuddy. It all adds up over the course of a year.
I prefer the Costco chicken. We have 2 Costco's within 5 miles of our house in CA but the closest Whole Foods is about 15 miles away.
I prefer the cheap run of the mill whole raw chicken at the regular grocery store and make whatever kind of chicken I want to myself. I'm retired. It's not like I don't have time to stick a chicken in the oven or in a crock pot. Often times, I'll make chicken broth first and save that for soup, then use the meat for enchiladas, chicken chili, chicken salad, whatever. Or I can roast the chicken myself and make several nice meals out of it with crispy tasty skin without drying out the bird. If I'm feeling a little crazy, I'll even make stuffing.
I find it very liberating now that i'm retired and have time to do such things.
I prefer the cheap run of the mill whole raw chicken at the regular grocery store and make whatever kind of chicken I want to myself. I'm retired. It's not like I don't have time to stick a chicken in the oven or in a crock pot. Often times, I'll make chicken broth, then use the meat for enchiladas, chicken chili, chicken salad, whatever. Or I can roast the chicken myself and make several nice meals out of it with crispy tasty skin without drying out the bird.
It is hard to beat the Costco chicken - a whole chicken roasted for $5 - never had a dry one. It is hard to get a whole raw chicken for that price where I live.
It is hard to beat the Costco chicken - a whole chicken roasted for $5 - never had a dry one. It is hard to get a whole raw chicken for that price where I live.
I know prices can vary quite a bit. I recently bought a pretty large one for just of few dollars. It was about 99 cents a pound. It had so much meat on it I ended up freezing some after making broth and chicken salad. A whole fresh chicken can feed me for almost a week depending on how I use it and I like to eat.
I haven't bought a ready cooked roasted chicken in years probably. It was from a grocery store, not costco and was small and dry, not very cheap either for what I got. That was the last time I bought one from anywhere.
Last edited by marino760; 12-28-2021 at 02:24 AM..
It is hard to beat the Costco chicken - a whole chicken roasted for $5 - never had a dry one. It is hard to get a whole raw chicken for that price where I live.
they sell a lot of them and hard to pass up. Slice when you get home and chicken salad and chicken sandwiches all at a great price.
It is hard to beat the Costco chicken - a whole chicken roasted for $5 - never had a dry one. It is hard to get a whole raw chicken for that price where I live.
My problem is that I only eat half of a chicken. I don't like white mean, they tend to be dry. So I eat mostly leg& thigh, plus the wing. Poor DW ended up with white meat.
I prefer the Costco chicken. We have 2 Costco's within 5 miles of our house in CA but the closest Whole Foods is about 15 miles away.
Walmart's rotisserie chicken is still $5 and delicious. I get four full meals out of one.
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The only thing I missed was the pizza.
