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SkeuomorphicBee | 2 years ago
- People kept a mental model of prices in dollar, especially for expensive not day to day items (e.g. electronics, appliances, car, real state), and used those dollar values in informal conversation.
- Monthly supermarket run on payday. As money's value would decrease noticeable throughout the month, people would rush to supermarkets on their payday to get the most value. Every month the 1st of the month rush on supermarkets was like you would expect on a pre holiday.
- People held some savings in dollar paper notes, you would lose a bit with the US inflation, but the safety and flexibility was worth it.
- People relied a bit more on barter for big items (e.g. exchange a house for two flats, or a flat for a car plus the difference, ...). Newspaper classified adds listing what you are selling and what kind of item would be acceptable in barter.
- Financing was a problem, new car purchase often used the "consortium" scheme (rotating savings and credit association, or Savings Clubs, Christmas clubs, sousou or even money circles) where a group of people paid installments into a pool and one member would get a car each month.
jncfhnb|2 years ago