Prepare to find another $70 a week to get by in 2024: ASB
Prepare to find another $70 a week to get by in 2024: ASB
The bank’s economists noted that because the figures were for an average household. Some would pay less but those with significant debt could end up paying notably more.
Alright guys, here's my game plan.
Start drinking.
Really, build that daily habit until you're spending at least $70 per week on alcohol.
Then just stop drinking next year.
Problem solved!
Some would pay less but those with significant debt could end up paying notably more.
As someone buying a house soon, you're welcome, I'm carrying more than my share.
started to feel more confident about spending, it could push up inflationWait... I thought it was the opposite?
More spending means more demand means more production, which means costs go down.. so inflation goes down?
But saving means less spending, means less income for business, means costs go up due to demand going down so inflation would rise?
More spending means more demand means more production
No, inflation happens in that gap between demand and production.
Say I'm selling 5 sandwiches and suddenly 7 people want them, now I can put up the price and sell them to the 5 who are willing/able to pay slightly more.
Edit: this is why the RBNZ typically raises the OCR to curb inflation. Mortgages etc going up makes people's spending go down and slows inflation.
You have 23 days to build your alcohol habit, OP!
So, I need another $100 a week just to stay ahead. Awesome.
Well, if you only need another $100 a week, then assuming your normal weekly spend is $10,000 then it's only 1% more.
I wish Dave, I wish.