Kinda ironic how people say we live in a cost of living crisis but then people also have always money at hand to throw it out the window for top level consumerism stuff. People have no self-restraint, do they
the answer to your question is “K-shaped Economy”. Lot of people doing this are in fact doing way better than they were 4 years ago. Some of them are indeed taking out more debt to do this, but most haven’t felt the pain of this modern economy.
It’s because games are cheap compared to many alternatives that people would use to entertain themselves. They are one of the cheapest forms of entertainment when you consider how much time people spend interacting with them. An Uber and a night at a bar, or a dinner for two at a steakhouse could cost more.
I’m not very consumerist, but grew up poor by US standards (and am honestly on my way back). A lot of people seem to want at least some nice things. Sneakers, nice clothes, nails, hair; whatever they’re into. I think it helps distract them, or gives them something to look forward to. Part of it may also be that society seems to conflate a persons worth with their income and possessions, and that has been internalized.
I’m pretty sure there was a study done that found that people with lower incomes tend to spend their extra money on experiences and such (tattoos, games, etc.) rather than save and invest. And they do that bc they figure they aren’t gonna have the money for long so might as well do something enjoyable with the money when they do have some extra. Whereas people who have higher incomes often have some extra money, so they can make plans and invest with the expectation that they will have more extra money later
Yeah, that’s my experience. I think there’s a kind of anxiety that if they don’t spend it now, some unexpected expense may come along where they’ll have to spend it on that. When unexpected expenses are required, they have to borrow/hustle/pawn/pick up another shift/etc. A lot of people couldn’t even balance a budget if they tried (i.e. they don’t have enough income to cover both expected and “unexpected” expenses).
People seek escapism in hard times. 1930’s America was going through the Great Depression, but it was also the start of the Golden Age of Hollywood. People still turned out to go to the movies despite the bread lines and poverty. And people will still buy games if they can squeeze it in the budget, even if there are maybe more “responsible” purchases they could make.
GTA players probably don’t buy as many games. There are gamers who will engage with the medium across dozens of titles catering to various interests. And then there are “gamers” whose entire scope of gaming is some combination of FIFA, Call of Duty, and Grand Theft Auto. When you only buy 1 or 2 games a year, sinking $100 on each doesn’t seem as unreasonable as buying 10 games per year at $40.
Also to add on to this, while we are in a cost of living crisis, that doesn’t mean people can’t save money towards purchases like this either. If you started putting back 5 or 10 a month since it was announced you’d have plenty saved, especially with the delays.
I don’t think it’s a good idea considering we haven’t seen anything yet, but I am not their audience.
Kinda ironic how people say we live in a cost of living crisis but then people also have always money at hand to throw it out the window for top level consumerism stuff. People have no self-restraint, do they
Edit: self-restraint, not self-constraint
the answer to your question is “K-shaped Economy”. Lot of people doing this are in fact doing way better than they were 4 years ago. Some of them are indeed taking out more debt to do this, but most haven’t felt the pain of this modern economy.
It’s because games are cheap compared to many alternatives that people would use to entertain themselves. They are one of the cheapest forms of entertainment when you consider how much time people spend interacting with them. An Uber and a night at a bar, or a dinner for two at a steakhouse could cost more.
I’m not very consumerist, but grew up poor by US standards (and am honestly on my way back). A lot of people seem to want at least some nice things. Sneakers, nice clothes, nails, hair; whatever they’re into. I think it helps distract them, or gives them something to look forward to. Part of it may also be that society seems to conflate a persons worth with their income and possessions, and that has been internalized.
I’m pretty sure there was a study done that found that people with lower incomes tend to spend their extra money on experiences and such (tattoos, games, etc.) rather than save and invest. And they do that bc they figure they aren’t gonna have the money for long so might as well do something enjoyable with the money when they do have some extra. Whereas people who have higher incomes often have some extra money, so they can make plans and invest with the expectation that they will have more extra money later
Yeah, that’s my experience. I think there’s a kind of anxiety that if they don’t spend it now, some unexpected expense may come along where they’ll have to spend it on that. When unexpected expenses are required, they have to borrow/hustle/pawn/pick up another shift/etc. A lot of people couldn’t even balance a budget if they tried (i.e. they don’t have enough income to cover both expected and “unexpected” expenses).
Guessing one of two factors, or a combination.
People seek escapism in hard times. 1930’s America was going through the Great Depression, but it was also the start of the Golden Age of Hollywood. People still turned out to go to the movies despite the bread lines and poverty. And people will still buy games if they can squeeze it in the budget, even if there are maybe more “responsible” purchases they could make.
GTA players probably don’t buy as many games. There are gamers who will engage with the medium across dozens of titles catering to various interests. And then there are “gamers” whose entire scope of gaming is some combination of FIFA, Call of Duty, and Grand Theft Auto. When you only buy 1 or 2 games a year, sinking $100 on each doesn’t seem as unreasonable as buying 10 games per year at $40.
Also to add on to this, while we are in a cost of living crisis, that doesn’t mean people can’t save money towards purchases like this either. If you started putting back 5 or 10 a month since it was announced you’d have plenty saved, especially with the delays.
I don’t think it’s a good idea considering we haven’t seen anything yet, but I am not their audience.
Restraint
You’re right, edited it, thx.