Americans say the economy stinks. But they’re spending like it’s great | CNN Business

CantaloupeLifestyle@lemmy.world to politics @lemmy.world – 50 points –
Americans say the economy stinks. But they’re spending like it’s great | CNN Business
cnn.com
37

You are viewing a single comment

From their appearance, I would not be surprised if they were living with their parents - they seem to all be wearing old shabby clothing. So you're right, people can and do go without many basic things, so where are they coming up with the $$$ for these PS5s? I consider myself pretty well off - that is, I have a trust fund and was bequeathed two large estates (private land) by my parents - so, I have more money than maybe any single person really needs. When I say I can't afford a PS5, what I mean is, I can't justify spending $500 for a game system when I have to buy clothes and groceries (especially groceries) and prioritize other expenses. I COULD afford to buy everyone in my neighborhood a PS5 - but seriously there are other things they really need more. But - to each his own, if some kid can get a PS5 and that's majorly important then I guess it's perfectly OK - I'm just amazed people of that age have that kind of discretionary money to spend.

So you're right, people can and do go without many basic things, so where are they coming up with the $$$ for these PS5s?

When they don't spend money on nice cloths and their own apartment, it frees up a lot of money that can then be used on things that are more important to them. Things like a PS5.

I can't justify spending $500 for a game system when I have to buy clothes and groceries (especially groceries) and prioritize other expenses. I COULD afford to buy everyone in my neighborhood a PS5 - but seriously there are other things they really need more.

Being able to afford something, is when you don't need to prioritize necessities over it. You have enough left over after buying your cloths and food.

Looks like that's where you're overspending.

Yes you got it right, I'm not overspending, young people are. But that's their perogative. I'm glad you agree with my viewpoint.

That's called willful ignorance. You're actively ignoring, or trying not to see another view point.