We did it, y’all! Get the Champagne on ice and gather the townsfolk because America hath slain the beast known as inflation. (Or, at least, it’s hit a turning point.)
Tldr “Last month, for the first time in four years, prices on everyday goods and services actually fell. In other words, this June was the first time since the pandemic started that we paid less for stuff compared with the previous month.”
I don’t know about that. I feel that we’ve far passed the limit of what consumers can afford, so companies are forced to cut back on their bottom line to get sales. We’re already seeing it with grocery stores.
Really, pre pandemic I got my first real job and actually had enough money to he comfortable and have fun. Now, it’s $9 for a box of cereal and a combined household income of $200k, I’m having to tighten the belt.
$9? Where do you live? None of the cereal is that expensive near me. They frequently have sales to get name brand for $3. Usually still more expensive than off brand though.
Agreed. Needing to “tighten the belt” out of a $200K salary is insane to me. Don’t live in Silicon Valley, and maybe you don’t need to pay four times as much for everything.
I wasn’t able to save or contribute to my retirement until 35 so I’ve been maxing out my 401k, IRA, HSA in order to catch up. Had to lighten up on that. Seattle is expensive yo. I shop at Costco for most of what I cnaget in bulk and Safeway for the non-bulk. Our grocery bill has tripled and same with utilities.
Tldr “Last month, for the first time in four years, prices on everyday goods and services actually fell. In other words, this June was the first time since the pandemic started that we paid less for stuff compared with the previous month.”
Holidays are starting so people buy less? Businesses close temporarily?
Just hold on to your hats. September/October and prices will rise again.
I don’t know about that. I feel that we’ve far passed the limit of what consumers can afford, so companies are forced to cut back on their bottom line to get sales. We’re already seeing it with grocery stores.
The reached the line and had to back off.
Really, pre pandemic I got my first real job and actually had enough money to he comfortable and have fun. Now, it’s $9 for a box of cereal and a combined household income of $200k, I’m having to tighten the belt.
$9? Where do you live? None of the cereal is that expensive near me. They frequently have sales to get name brand for $3. Usually still more expensive than off brand though.
Eh. Cereal is $7 in my city. Depending on where you shop.
Agreed. Needing to “tighten the belt” out of a $200K salary is insane to me. Don’t live in Silicon Valley, and maybe you don’t need to pay four times as much for everything.
I mean if they work a non WFH in silicon valley they kinda need to live in silicon valley.
Yes, because moving is totally free and easy.
I wasn’t able to save or contribute to my retirement until 35 so I’ve been maxing out my 401k, IRA, HSA in order to catch up. Had to lighten up on that. Seattle is expensive yo. I shop at Costco for most of what I cnaget in bulk and Safeway for the non-bulk. Our grocery bill has tripled and same with utilities.
I make 55k, one income on a family of 5. I cannot fathom this either.
Mr money bags over here