Ever wonder where everyone else spends their money?
Well I do I mean, c’mon now! I like reading about where people spend, why, and so on.
What’s even more interesting is how it’s evolved over the years.
- nominal value refers to a value expressed in money terms (that is, in units of a currency) in a given year or series of years.
- real value adjusts nominal value to remove effects of price changes over time
I like to put more weight on ‘real value’ rather than ‘nominal value’.
Via The Economist
- Processed vegetables have really risen, but Food has dropped
- People are repairing their cars rather than buying new ones
- People are not buying household furnishings and equipments — buying less in general?
- Housing is also down, maybe they’re downsizing to smaller homes
- Alcohol and Food Away From Home has significantly been cut down
- Tobacco has been cut WAY down (better for health anyway)
- Household, utilities and fuels are really up — no surprise here, gas has been on a hot streak
- …which makes sense because Gas and motor oil are down