Domain: tiger-web1.srvr.media3.us Is The Economy really bad? | Page 7 | O-T Lounge
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re: Is The Economy really bad?

Posted on 8/24/25 at 7:02 pm to
Posted by Sun God
Member since Jul 2009
51360 posts
Posted on 8/24/25 at 7:02 pm to
You said you believed we were wrong about how easy people had it back in the good old days

You’ve proven nothing on that front after blabbering about delayed gratification, which I pointed out I also did

This isn’t difficult
Posted by cubsfan5150
NWA
Member since Nov 2007
18271 posts
Posted on 8/24/25 at 7:05 pm to
How old are you?
Posted by northshorebamaman
Cochise County AZ
Member since Jul 2009
37987 posts
Posted on 8/24/25 at 7:06 pm to
quote:

The weekdays and weekends eating out, making “life experiences” for social media, and spend stupid money on electronics and other frivolous shite is the real issue.
I won't argue with that because anyone can take a look around and see it's true. While it's good for me personally in my industry, I'll sometimes take a look around my dining room and marvel at the number of young couples and families that routinely spend more dining out for weeknight meals than I ever felt comfortable spending at that age. Point being, sometimes I wonder if the younger generations seeming fixation on dining out, "life experiences", and instant gratification is a symptom of them having less hope for their future than my generation had.

Now obviously, most could dramatically improve their situations if they cooked at home, weren't "vehicle poor", and lived within (or under) their means. I'm not defending poor financial decisions, I've just occasionally wondered if generational pessimism for the future is driving a lot of the poor decision making we see so often now.
Posted by Mingo Was His NameO
Brooklyn
Member since Mar 2016
37536 posts
Posted on 8/24/25 at 7:10 pm to
quote:

Point being, sometimes I wonder if the younger generations seeming fixation on dining out, "life experiences", and instant gratification is a symptom of them having less hope for their future than my generation had.


You’re there every night, is it the same people or could it possibly be this is how younger people choose to spend the disposable income they do have?Young people spend less on “things” than boomers and X’ers. But they’ll tell you they should and they should never eat out too. I guess young people should just live like monks so they can retire at 72
This post was edited on 8/24/25 at 7:10 pm
Posted by Klark Kent
Houston via BR
Member since Jan 2008
74284 posts
Posted on 8/24/25 at 7:12 pm to
the guy who said $350k was required to be middle class, how do you reckon he came to that conclusion?

does he live in NYC, LA, DC, Miami, etc?
is he sooo rich he has no idea what middle class is?
is he soo poor he has no idea what middle class is?

I’d be willing to bet less than <5% of dual income homes make $350k/year+
Posted by cubsfan5150
NWA
Member since Nov 2007
18271 posts
Posted on 8/24/25 at 7:13 pm to
Haven’t you been around long enough to know that that guy is a fricking idiot.
Posted by Klark Kent
Houston via BR
Member since Jan 2008
74284 posts
Posted on 8/24/25 at 7:16 pm to
he just started a thread whining about chicken tender prices, so I kmow he doesn’t fall into the “I make soo much money, I have no idea how the middle class lives”
Posted by SlowFlowPro
With populists, expect populism
Member since Jan 2004
471785 posts
Posted on 8/24/25 at 7:17 pm to
quote:

Point being, sometimes I wonder if the younger generations seeming fixation on dining out, "life experiences", and instant gratification is a symptom of them having less hope for their future than my generation had.


That is a large part of it.

"Doom spending" is a better example, but the whole "paying for experiences" stuff really ramped up after the impacts of the 2009 crash were felt by millennials. Gen Z, being the first generation to fully grow up online with social media and instant news, was also the first generation to not be shielded by ignorance and delusion about the reality in which they grew up.
Posted by Jake88
Member since Apr 2005
79236 posts
Posted on 8/24/25 at 7:21 pm to
quote:

You said you believed we were wrong about how easy people had it back in the good old days
We live far more comfortably than those prior to the 1970s. And, the 1970s sucked for millions economically.
Posted by TBoy
Kalamazoo
Member since Dec 2007
28152 posts
Posted on 8/24/25 at 7:21 pm to
quote:

Is The Economy really bad?

No. It’s unstable. The large scale economic policies of the administration are unstable. Depending on the whims of Washington, things could either go well or go south.
Posted by cubsfan5150
NWA
Member since Nov 2007
18271 posts
Posted on 8/24/25 at 7:23 pm to
quote:

The large scale economic policies of the administration


Which administration?
Posted by SlowFlowPro
With populists, expect populism
Member since Jan 2004
471785 posts
Posted on 8/24/25 at 7:23 pm to
quote:

Which administration?

Several

GWB, Obama, Trump (2x) and Biden.
Posted by cubsfan5150
NWA
Member since Nov 2007
18271 posts
Posted on 8/24/25 at 7:24 pm to
quote:

We live far more comfortably than those prior to the 1970s.


Exactly. How many here had dads, uncles and grandfathers that never graduated middle school because they had to work for the family.
Posted by TBoy
Kalamazoo
Member since Dec 2007
28152 posts
Posted on 8/24/25 at 7:25 pm to
quote:

Which administration?

The administration in Washington. Tariffs, trade and other policies change daily. Instability is not good for planning or development. That is a drag on the economy as a whole.
Posted by northshorebamaman
Cochise County AZ
Member since Jul 2009
37987 posts
Posted on 8/24/25 at 7:27 pm to
quote:

could it possibly be this is how younger people choose to spend the disposable income they do have?
Yeah, no shite. I didn't insult them or talk down on them. But this is a small town, I actually know many of them and what they do for a living, so sorry for wondering how the clerk at my local Speedway drops $150+ on dinner for his family of five once a week. Goddamn, you are always searching for an argument.
quote:

But they’ll tell you they should and they should never eat out too. I guess young people should just live like monks so they can retire at 72
I feel like there's a middle ground between dropping hundreds of dollars a week on dining out and living like a monk.
Posted by cubsfan5150
NWA
Member since Nov 2007
18271 posts
Posted on 8/24/25 at 7:27 pm to
Wrong reply
This post was edited on 8/24/25 at 7:28 pm
Posted by cubsfan5150
NWA
Member since Nov 2007
18271 posts
Posted on 8/24/25 at 7:31 pm to
quote:

The administration in Washington.


The current one? Who have been in office for 8 months?
Posted by GreatLakesTiger24
Member since May 2012
59678 posts
Posted on 8/24/25 at 7:32 pm to
I don't know if it's "bad", but it's definitely not "good"
Posted by GreatLakesTiger24
Member since May 2012
59678 posts
Posted on 8/24/25 at 7:34 pm to
quote:

"Doom spending" is a better example, but the whole "paying for experiences" stuff really ramped up after the impacts of the 2009 crash were felt by millennials. Gen Z, being the first generation to fully grow up online with social media and instant news, was also the first generation to not be shielded by ignorance and delusion about the reality in which they grew up.

I think the lifestyle stuff is mostly overstated but it does seem like a ton of younger people go to europe, a nice domestic or beach vacation, and like 5 out of town weddings every year
Posted by Rick9Plus
Baton Rouge
Member since Jul 2020
2460 posts
Posted on 8/24/25 at 7:35 pm to
I read a lot of people saying the economy is a lot better than it was pre-1970s. But what we are feeling is that it’s worse than it was in the late 80s-2010s(minus the 08 crash.) I remember the late 90s - early 2000s. Things just kept getting better and better. These last few years feel like a downgrade.
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