They keep raising prices, stating that it’s due to inflation, but then they keep having record profits.
Meanwhile, the average American can barely afford rent or food nowadays.
What are we to do? Vote? I have been but that doesn’t seem to do much since I’m just voting for a representative that makes the actual decisions.
Cutting back on spending is the only thing I know that works. When consumers don’t buy things, the prices come down.
For groceries this means splurging less, avoiding things you don’t need (drink tea instead of soda, don’t buy snacks and chips). Fruits and vegetables are definitely still cheaper than prepared foods in many cases. Even when frozen. And they can be used to make a meal stretch, along with beans and rice.
Buy cheap bar soap and store brands of basic things.
Coupons aren’t really a thing anymore, but you can use the app for stores like the grocery, Target, Walmart, to “clip” deals and save.
A lot of the high prices right now are just greed. They aren’t tied to actual supply chain or labor issues. A grocery store in France just told PepsiCo to take a hike because their prices were so outrageous.
If you want the government to get involved, I encourage you to write your representatives about enforcing existing anti-trust laws. The mega mergers and buyouts are driving prices up because of less competition. Kroger wants to buy Albertsons for example. That just means more layoffs and higher grocery prices.
Hope this helps.
I’m fortunate enough to not be in a position where money is tight for food, but re: beans and rice, I absolutely love my instant pot!
Mexican-style beans are, IMHO, delicious, easy to make, and dirt cheap. I love them, our toddler loves them, and it’s easy on the wallet. Dry beans are really affordable, and a 25lb bag of rice is great to have in the pantry (note: careful with bulk brown rice as I think it can go rancid). A stove and a pot can do both, but an instant pot and a rice cooker makes it so easy.
I also drink a fair amount of coffee, but again, bulk or even just “make coffee at home” is very affordable. A few cups at Starbucks costs the same as a pound of beans (which yields many cups).
The biggest thing is to be aware of how much things should cost, and just refuse to buy them if they’re gouging.
Can I afford $13 for a case of Coca-Cola? Sure, I absolutely can. I can afford $24 a case. I’m just not willing to pay that. That same case was $7 in 2019. You can’t tell me their costs have doubled.
And even if I believed their costs doubled (and I don’t), that doesn’t mean their prices have to double. They’re not entitled to growing percentage profit on a larger number. Just because they made 20% on that $7 case doesn’t mean they deserve 20% on that $13 case. 20% of $7 is $1.40. They could absolutely take $2 profit on $10 and be happy with it. But they won’t. Because people don’t pay attention and they can get away with it.
There are enough barriers to entry and cooperation among would-be competitors that they can charge basically whatever the duck they choose.
I too choose this man’s duck.
cutting back spending is hard when it’s one of the main ways to feel joy; you already have to spend on groceries and bills anyway, and it feels that much more stark and grim denying yourself the fun foods and nice convenience items to save like $10, then your rent goes up $50 because they said so, and so what’s the point anyhow…
I would highly recommended finding other sources of joy. Buying things has been proven again and again to just give small bursts of happiness that quickly fade, this is the cycle these corporations often feed on.
Look into cheap hobbies you can do. Recovering from getting used to these small hits of joy isn’t always easy, but it will give you back more control of your life. I’m not perfect at this myself but I am much more aware of it and able to say no in the majority of my life.
You could also look into Minimalisim, there are some interesting ideas in there to be adopted, even if you don’t eat the whole pie.
Think of it as a protest then. When they’re charging stupid prices for beef, say “hell no” and eat lentils for a time. It’s all in the attitude. It’s honestly good for us to cut back a bit. If spending money is one’s main way to feel joy then something is wrong to begin with. Time to read a good library book or take more walks for joy. And most of us could stand to eat a little less beef anyway.
This is why I pirate a lot of my media. Aaarrrr.
At the very least I can be entertained while I am cutting expenses.
I have also found that piracy can scratch my shopping itch without spending any money.
There are other things too. It’ll sound weird but I got into the composting hobby (see: /r/composting ) and for a while I was crazy about getting as much organic material as I could. I’d rake my neighbors leaves, get coffee grounds from cafes, and dumpster dive for cardboard. I’d come home with a good haul and feel that satisfaction of acquiring something. And I was getting exercise and helping the environment in the process. Like I said, weird, but if you get creative you can find ways to have fun without spending money.
You wouldn’t download a can of Poopsi
While I personally do appreciate the level of detail and amount of options provided in this reply, the more straightforward and longer-term solution is to eat the rich.