I am also summarizing why consumption has been downgraded.

To be honest, my income has been increasing in recent years, but consumption has indeed been downgraded. The main reasons are:

1. Haircuts have dropped from 50 or 60 yuan to 12 yuan for quick haircuts.

2. Coffee has changed from Starbucks to Luckin Coffee, and I basically don’t buy coffee that costs more than 9.9 and 12.5.

3. I can’t eat anymore. I used to have 12 dishes when I had hot pot with my wife, but now I can’t even eat 6 dishes.

4. I don’t care about what I wear anymore. I buy my shirts online for about 100 yuan for work, and my pants are from Heilan Home. When I’m not working, I buy T-shirts for tens of yuan and pants for about 100 yuan. Shoes have also dropped from thousands of yuan to leather shoes and Anta for a few hundred yuan.

5. Face wash and face cream have changed from Biotherm, which costs hundreds of yuan, to L’Oreal Men’s, which costs tens of yuan.

6. The light luxury bags that used to cost thousands of yuan are now in paper bags, and the more formal computer bags are only two or three hundred yuan.

7. From the gym that costs thousands of yuan to running in the park and Leke Fitness that costs hundreds of yuan.

8. I used to drink good wine and tea, but now I basically don't drink wine or tea. The only thing I'm interested in is coffee beans.

9. I've completely lost interest in duty-free goods when I travel.

Subjectively, I have no desire to consume. Objectively, society does provide a lot of good things that are cost-effective and convenient. #Mt.Gox将启动偿还计划 #美国PCE数据将公布 #币安合约锦标赛 #美联储何时降息？ #MKR $USDC $SOL $BNB