I am Steve

  • 2 Posts
  • 33 Comments
Joined 1 year ago
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Cake day: June 8th, 2023

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  • So you’re right, people can and do go without many basic things, so where are they coming up with the $$$ for these PS5s?

    When they don’t spend money on nice cloths and their own apartment, it frees up a lot of money that can then be used on things that are more important to them. Things like a PS5.

    I can’t justify spending $500 for a game system when I have to buy clothes and groceries (especially groceries) and prioritize other expenses. I COULD afford to buy everyone in my neighborhood a PS5 - but seriously there are other things they really need more.

    Being able to afford something, is when you don’t need to prioritize necessities over it. You have enough left over after buying your cloths and food.

    Looks like that’s where you’re overspending.



  • You’re making a lot of assumptions. People can go without many things you may think are basic.

    Those 30yo people buying PS5s may be living with their parents because they can’t begin to afford their own place. Maybe they have 5 roommates who all pooled their savings for 6 months to buy it together. Maybe they simply don’t have a car.

    There’s also the obvious selection bias of being in a Game Stop. You won’t see all the people who can’t afford a game console shopping there.

    To me it’s quite staggering that someone who considers themselves “Well Off” can’t afford an occasional $500 expense. That’s generally considered “Living Paycheck to Paycheck”. I can only assume you’re overspending in some ways.