I feel for folks in the restaurant biz. People have much less disposable income. I know my wife, and I, make more then we ever have, but it sure doesn’t seem like it at the end of the month.
Way back in a forest economics class, we students were sitting around complaining about not having "enough disposable income".
Forestry students between fire money, and fairly good paying summer jobs working for the natural resource agencies and private companies had a pretty good "disposable income" even with working three months and going to school for nine.
He looked at us and said "Right now, you have the highest disposable income that you will have for decades".
NOBODY believed him. But he was right.
As soon as we graduated we bought trucks, homes, and then had children. Children, now there is a "disposable income" sink hole!!!
Want disposable income?? Don't buy new vehicles. Don't buy a expensive home, buy a shack instead. And whatever you do, don't pass your DNA on to future generations. If you must couple up, make sure your partner doesn't spend money but has a decent income.
I have a friend that actually did that. He has an incredible disposable income. He literally, can afford to do anything he wants and
does.
Everybody thinks he is poor because he drives a beater vehicle and lives in a simple shack.
Oh and whatever you do......don't pass on your DNA. That is free at the moment and feels good, but the bills start coming in nine months later and do not quit for three decades or more.
That said. In my 20's I bought the best wines. They were fairly cheap. My special graduate school wine for important occasions was about $5. Probably 20 in current dollars, but unfortunately it sells for $200 a bottle these days for current vintage.
The good news is that when you get old your disposable income goes up.
Or as a good friend said........"Vladimir, I have more money than time".