Row 93671

Row ID: 93671 | Dataset Entry | Axioma AXP Content Repository

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This page contains data entry 93671 from the Axioma AXP content repository. The structured data below represents the complete record for this entry.

This is a psychological thing, not a financial thing. Inflation feels higher because

1. Price increases have not been uniform and have hit top end, “luxury” items and experiences more

2. Assets have become way more expensive than any commodity inflation

People are despondent because the higher end experiences they were once used to are now prohibitively expensive. This is equated with a degradation in lifestyle, which clashes with the central ethos of American capitalism - that your future will be better.

At the same time, the savings you might have had to buy the house you wanted to buy are no longer enough. If you had targeted 100k in savings to buy that 500k house, you will now need a lot more because the house is now 800k and the interest rates are way higher

You can argue with numbers and stats but the economy is a lived thing, not numbers on a spreadsheet

FieldValue
text This is a psychological thing, not a financial thing. Inflation feels higher because 1. Price increases have not been uniform and have hit top end, “luxury” items and experiences more 2. Assets have become way more expensive than any commodity inflation People are despondent because the higher end experiences they were once used to are now prohibitively expensive. This is equated with a degradation in lifestyle, which clashes with the central ethos of American capitalism - that your future wi…
label r/economics
dataType comment
communityName r/Economics
datetime 2024-05-25
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url_encoded Z0FBQUFBQm5Lak9fWXV6Z0dudXJLeDBHbWFuWTk4OVJ0blEtV3p0b2paNVBPV1JBaXFkczEyRUVnYTJJNUZtX2ZHbGFqVUk3cWlLcmhfUXUxbHdSSkFMdVF2aF9QSlJOMU4waWpsMVR5ekE4ZUZ4eUxCTFctMDlzRGJYeTl1aTBBXzMxZlo3ZnA1TUd5TU1WTGJoZnJjbWh6cjJvd3lSbkV6b1lMUVFSSjk3YjVEN0hPQ2RTU2VUWmMtdDhLT3pnN2Z4RF9XU0ZVV0NzbmQ3VFdaOHl2cG81UzBCRG5YcVl4dz09

Raw Record

{
  "text": "This is a psychological thing, not a financial thing. Inflation feels higher because\n\n1. Price increases have not been uniform and have hit top end, “luxury” items and experiences more\n\n2. Assets have become way more expensive than any commodity inflation\n\nPeople are despondent because the higher end experiences they were once used to are now prohibitively expensive. This is equated with a degradation in lifestyle, which clashes with the central ethos of American capitalism - that your future will be better. \n\nAt the same time, the savings you might have had to buy the house you wanted to buy are no longer enough. If you had targeted 100k in savings to buy that 500k house, you will now need a lot more because the house is now 800k and the interest rates are way higher\n\nYou can argue with numbers and stats but the economy is a lived thing, not numbers on a spreadsheet",
  "label": "r/economics",
  "dataType": "comment",
  "communityName": "r/Economics",
  "datetime": "2024-05-25",
  "username_encoded": "Z0FBQUFBQm5Lak10LTc4M21TU1RHUzVlamIzUkJHaUpUMnBaQng2WDI2ZW9adkNjRkMwcTU5dHpkUk9aS3hwOVpKSnlkbWRoZjJ2UjFxMm1LdDdPbDJOQk45WGZNR3pvUXc9PQ==",
  "url_encoded": "Z0FBQUFBQm5Lak9fWXV6Z0dudXJLeDBHbWFuWTk4OVJ0blEtV3p0b2paNVBPV1JBaXFkczEyRUVnYTJJNUZtX2ZHbGFqVUk3cWlLcmhfUXUxbHdSSkFMdVF2aF9QSlJOMU4waWpsMVR5ekE4ZUZ4eUxCTFctMDlzRGJYeTl1aTBBXzMxZlo3ZnA1TUd5TU1WTGJoZnJjbWh6cjJvd3lSbkV6b1lMUVFSSjk3YjVEN0hPQ2RTU2VUWmMtdDhLT3pnN2Z4RF9XU0ZVV0NzbmQ3VFdaOHl2cG81UzBCRG5YcVl4dz09"
}
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