I think that price comparison from 2020 to now is fascinating and puts real numbers to what I find a really scary trajectory when it comes to inflation.
I’ve said it on other threads but will say it again here, because it blows my mind on a DAILY basis, that our household makes (verrry low) six figures yet we struggle to pay our credit card bills and have resorted to regularly shopping the 50% off at-its-best-before-date food at the grocery store.
Yes there are horse expenses but they’re limited to one small pony at a pretty basic barn on outdoor board (mini rate), who requires very little in the way of grain or maintenance. We don’t take frequent luxury vacations or replace big-ticket items (TVs, phones, iPads etc.) unless they literally don’t work anymore. I make it a habit not to buy things at full price unless absolutely necessary, most discretionary purchases are sale items or Amazon Warehouse deals (returns).
We’ve gone from having extra money to stash away in our savings account each month (pre-COVID) to having to cash-out said savings account to pay-off credit card bills and our line of credit as the interest rate on the latter has jumped significantly.
And to use the Davis bell boots as an example, the reason I feel so despondent about our household finances is because things are now costing up to 2x what they used to despite salaries not increasing to keep pace*!
[*In my DH’s case, raises were incredibly modest throughout COVID as his company wanted to play it safe rather than risk having to lay employees off - yet trying to attract employees to replace those that left during that time got EXPENSIVE as prospective employees were receiving multiple interviews and job offers from competing firms. So new employees were being hired at much higher salaries than was standard, and the salaries of existing employees weren’t - and still haven’t been - adjusted.]
Okay, Debbie Downer rant over