Amanda Aronchik
π€ SpeakerAppearances Over Time
Podcast Appearances
Okay, so you've explained what's going on now, but I think what Jen really wants to know is will grocery prices ever go down again? Will things get cheaper at the supermarket?
Yeah, so I hate to be the bearer of bad news here. Grocery prices tend not to go down. There was one big exception, though. In 2016, American grocery prices fell a little bit for the first time in nearly 50 years. No kidding.
Yeah, so I hate to be the bearer of bad news here. Grocery prices tend not to go down. There was one big exception, though. In 2016, American grocery prices fell a little bit for the first time in nearly 50 years. No kidding.
Yeah, so I hate to be the bearer of bad news here. Grocery prices tend not to go down. There was one big exception, though. In 2016, American grocery prices fell a little bit for the first time in nearly 50 years. No kidding.
But I think the fact that this was the first time it happened in nearly 50 years and it wasn't that big of a fall in prices, it suggests that we're probably not going to see a big drop of grocery prices anytime soon. These things tend to go up over time, not go down.
But I think the fact that this was the first time it happened in nearly 50 years and it wasn't that big of a fall in prices, it suggests that we're probably not going to see a big drop of grocery prices anytime soon. These things tend to go up over time, not go down.
But I think the fact that this was the first time it happened in nearly 50 years and it wasn't that big of a fall in prices, it suggests that we're probably not going to see a big drop of grocery prices anytime soon. These things tend to go up over time, not go down.
Okay, so if grocery prices are unlikely to go down... How is Jen or anyone really supposed to keep up? Like, how are we supposed to be able to afford to buy this very expensive food?
Okay, so if grocery prices are unlikely to go down... How is Jen or anyone really supposed to keep up? Like, how are we supposed to be able to afford to buy this very expensive food?
Okay, so if grocery prices are unlikely to go down... How is Jen or anyone really supposed to keep up? Like, how are we supposed to be able to afford to buy this very expensive food?
Yeah. And also, I mean, like I should say that she should hope to get a raise and, you know, like hope her household income goes up because that's generally what happens over time. You'll see this spike in the price level and people start demanding raises and we'll get used to higher sticker prices at grocery stores. Okay.
Yeah. And also, I mean, like I should say that she should hope to get a raise and, you know, like hope her household income goes up because that's generally what happens over time. You'll see this spike in the price level and people start demanding raises and we'll get used to higher sticker prices at grocery stores. Okay.
Yeah. And also, I mean, like I should say that she should hope to get a raise and, you know, like hope her household income goes up because that's generally what happens over time. You'll see this spike in the price level and people start demanding raises and we'll get used to higher sticker prices at grocery stores. Okay.
And actually over the last year or so, the wages of Americans have been going up and they've been growing faster than overall grocery prices.
And actually over the last year or so, the wages of Americans have been going up and they've been growing faster than overall grocery prices.
And actually over the last year or so, the wages of Americans have been going up and they've been growing faster than overall grocery prices.
Okay, so Jen, you thought you were calling about groceries, but really we are suggesting you go ask for a raise. Thank you, Greg. This has been super helpful.
Okay, so Jen, you thought you were calling about groceries, but really we are suggesting you go ask for a raise. Thank you, Greg. This has been super helpful.
Okay, so Jen, you thought you were calling about groceries, but really we are suggesting you go ask for a raise. Thank you, Greg. This has been super helpful.
It's always a good call.