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Skimpflation

Skimpflation

You’ve likely noticed that we’re in a period of inflation, and that’s because rising prices are difficult to ignore (hey there, gasoline!). But what about nonexistent customer service, smaller food packages, and the nagging, overall sense that we as consumers are getting the bad end the deal every time we make a purchase?

This, my friends, is skimpflation.

When you start looking for skimpflation in real life you’ll see it everywhere. On today’s show I’m uncovering the sneaky tactics brands use to maintain their bottom line at the expense of consumers; I’m also suggesting 3 action steps for us, the little guys and gals, during periods of inflation.

 

Here’s a preview:

[1:45] An inflation review: What it is and how it affects you and me

[4:20] Greedflation: Why some mega corps jack up prices (and reap increased profits)

[10:00] Sneaky and stealthy skimpflation examples

[13:00] Is this really “family size”? Shrinkflation 101

[15:30] 3 action steps for conscious consumers in times of inflation

 

Resources mentioned:

 

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Shrinkflation is a sneaky tactic corporations employ when consumers receive less product for the same amount of money. Here's how to spot it (and avoid getting duped!).

 

Skimpflation is when consumers receive less of a lower quality product for the same $. Here's how to spot it (and avoid getting duped!).

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Here's a preview:

[4:00] Insanely anxious about the future? (Me too!) Don't spend your energy worrying; do this instead

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[34:00] You're going to get to where you're meant to go, so there's no need to second-guess your choices

 

Resources mentioned:

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