Quote:
Originally Posted by Meeni
On the other hand, people in mid-ladder and high-bracket jobs have a lot more 'available' disposable income because they stopped blowing money on restaurants and gym clubs. Now they blow that same money on cars and 'entertainement' goods, like bicycles and camping gear, which are sold out pretty much everywhere.
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+1. If you have money right now, you can't really spend it. 10's of thousands of dollars that would've been spent on vacations are just sitting in bank accounts. Plus it's easier to justify spending on assets that don't significantly depreciate (fun cars, expensive bicycles, etc). If you were gonna take a $10k vacation with your family and are now willing to spend the same money on depreciation on a car, you could buy a hell of a car (used, at least).