The decline in spending on travel, entertainment, and the like is temporary, so the “nothing else to spend it on” effect has already diminished and will disappear entirely.
I disagree that we’ll ever get back to pre-COVID levels on a lot of these issues.
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I think there’s an awful lot of pent up demand for such things. I and a lot of people I know are busting out of this confinement we’ve been enduring with renewed appreciation for getting out there and doing…anything but sitting around at home. I’m definitely spending on those things at a higher rate now than pre-covid.
[quote=gzz]
I am tightwad, so I looked used before buying my $9200 elliptical (now $10,200)…
in 2006. I bought it used and I’ve been using it (very vigorously) 3-4 times a week for 15 years with not so much as a hiccup. Before I bought that one, I bought an elliptical at Walmart for $250. The frame snapped at a weld (during an interval peak) on the last day of the (30-day?) warranty. I don’t think those cheap ones are even really meant to be used seriously.
