Video games spending by young Americans is dropping sharply, report suggests
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It's good, there's been a few major updates adding new zones, better NPCs, animals, more gear/weapons, and so on..
wrote last edited by [email protected]At least it is still being updated and just happy to hear it hasn't gone dark like most other Early Access titles.
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At least it is still being updated and just happy to hear it hasn't gone dark like most other Early Access titles.
Yeah they're making steady progress on major updates, and releasing patches for bugs and tweaks in between.
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Or even better, play an old game that you still haven't played. I can get titanfall 2 for the price of a coffee and play it for the first time if I'm craving for a good AAA fps.
And even today's potato PCs can run old AAA titles just fine.
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It's a two part answer.
One, gamers have less money to spend, along with everyone else.
Two, expensive AAA title games these days tend to be shit, from a graphics, code, community, and content standpoint. If you want good games, cheaper is usually better.
Last AAA title game I bought was Borderlands 3, and I don't see myself buying anymore in the next two years or so.
I got shadow of mordor on a huge discount and it still barely felt worth it.
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That and broad, massive economic collapse in basically every other sector, at least in the US.
Can't play vidya gaem if hev no food starve.
https://www.cnbc.com/2025/07/02/adp-jobs-report-june-2025.html
Oops.
Labor market (# of actual jobs) is now actually net contracting, shrinking.
Expected: +100k jobs
Reality: -33k jobs
Firings / Layoffs > Hiring.
Also the population grows, so uh, it actually has to be something like +200k to +250k to remain steady in terms of working age people vs jobs.
Sure, there are lots of 'job openings', but they're all fake ghost job bullshit that never actually hire anyone.
And they don't pay enough to bother doing them, and they have insane requirements that make no sense.
Great Depression 2.0 Gaming!
(The housing market is also collapsing if any readers haven't been paying attention.
My semi-educated guess is about a 55% drop by 24 months from now, compared to roughly '23-'24 highs.
Hope your boomer parents didn't buy in the last 5 years rofl!)
I'm a younger millennial and bought just under 2 years ago. At like peak interest rates... Other than cost of houses what would a crash mean to the economy anyway?
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I'm a younger millennial and bought just under 2 years ago. At like peak interest rates... Other than cost of houses what would a crash mean to the economy anyway?
wrote last edited by [email protected]Uh, in a few words:
Great Depression 2.0, potentially worse.
The dollar has lost roughly 10% against all other currencies, because we are a debt laden nightmare that is either going to or beginning to default, going to not be the world currency / favored safe asset nation for bonds.
And we produce basically nothing tangible, we import a lot, so... everything gets more expensive.
Also we functionally just fired all our construction workers and farmers via ICE raids, so food goes up in price a lot, probably shortages, ie, famine... and we can't actually build any new houses or warehouses or office buildings or anything without much higher cost, from both imported materials and higher labor costs...
Oh right and the dollar tanking generally means oil, gas goes up in price, so anything involving logistics is now considerably more expensive.
Oh and basically everyone in the bottom 2/3rds by income distribution is in massivr amounts of debt, so, garnished wages, reduced consumer demand...
Yeah, I could go on, but I am quite serious when I say this could actually be worse than the Great Depression.
... I hope to god you didn't buy in roughly the lower 1/3rd of the country, almost all of those areas will be uninsurable within 10 years due to more frequent and more severe climate/weather events.
SoCals gonna burn down, Florida's gonna sink/melt into the ocean, get washed out by hurricanes.
Possibly the only possible bright sidd is that if you have significant stock investments of some kind, those might 'melt up' to roughly keep track with the devuation of the dollar, so you may have a chance at at least treading water there...
... but basically everything else is going to be a shitshow, business can't afford to pay the wages that would be necesssary for a worker to survive, amped up to 11... rents will probably start to trend down after a while though, as housing values nose dive.
Or maybe they'll just say you need to have ridiculous income level to qualify, but we'll give you 3 to 6 months of free rent.
They tend to do literally everything other than just lower prices for as long as they can.
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Uh, in a few words:
Great Depression 2.0, potentially worse.
The dollar has lost roughly 10% against all other currencies, because we are a debt laden nightmare that is either going to or beginning to default, going to not be the world currency / favored safe asset nation for bonds.
And we produce basically nothing tangible, we import a lot, so... everything gets more expensive.
Also we functionally just fired all our construction workers and farmers via ICE raids, so food goes up in price a lot, probably shortages, ie, famine... and we can't actually build any new houses or warehouses or office buildings or anything without much higher cost, from both imported materials and higher labor costs...
Oh right and the dollar tanking generally means oil, gas goes up in price, so anything involving logistics is now considerably more expensive.
Oh and basically everyone in the bottom 2/3rds by income distribution is in massivr amounts of debt, so, garnished wages, reduced consumer demand...
Yeah, I could go on, but I am quite serious when I say this could actually be worse than the Great Depression.
... I hope to god you didn't buy in roughly the lower 1/3rd of the country, almost all of those areas will be uninsurable within 10 years due to more frequent and more severe climate/weather events.
SoCals gonna burn down, Florida's gonna sink/melt into the ocean, get washed out by hurricanes.
Possibly the only possible bright sidd is that if you have significant stock investments of some kind, those might 'melt up' to roughly keep track with the devuation of the dollar, so you may have a chance at at least treading water there...
... but basically everything else is going to be a shitshow, business can't afford to pay the wages that would be necesssary for a worker to survive, amped up to 11... rents will probably start to trend down after a while though, as housing values nose dive.
Or maybe they'll just say you need to have ridiculous income level to qualify, but we'll give you 3 to 6 months of free rent.
They tend to do literally everything other than just lower prices for as long as they can.
I live in the UK, but our economy seems to generally follow the US except without any increase in productivity for over a decade and wages are trending towards minimum wage.
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I live in the UK, but our economy seems to generally follow the US except without any increase in productivity for over a decade and wages are trending towards minimum wage.
wrote last edited by [email protected]Ah. Well, as you can see, I am most familiar with the US economy...
but uh... broadly speaking, ya'll did the whole Brexit thing, and as best I am aware off the top of my head, ya'll are a bit more economically intertwined with the US than most of the rest of the EU...
So, as the US collapses, that'll disproportionately affect the UK as compared to other Eurozone economies, the financial / currency / bond market situation in the US will 'contagion' over to the UK faster, as will demand collapse for material goods and services.
But, I'd have to look over UK econ data in detail to be more specific than that.
Out of curiosity, can I ask what you approximatelty paid for the house in the UK?
One weird thing that could start happening (or intensifying) is that as the US dollar devalues... is that people/corporations with mostly USD will start trying to buy homes in places that they expect will have relative currency appreciation compared to the USD... basically, slow or long term currency arbitrage via homes as mainly financial assets.
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Ah. Well, as you can see, I am most familiar with the US economy...
but uh... broadly speaking, ya'll did the whole Brexit thing, and as best I am aware off the top of my head, ya'll are a bit more economically intertwined with the US than most of the rest of the EU...
So, as the US collapses, that'll disproportionately affect the UK as compared to other Eurozone economies, the financial / currency / bond market situation in the US will 'contagion' over to the UK faster, as will demand collapse for material goods and services.
But, I'd have to look over UK econ data in detail to be more specific than that.
Out of curiosity, can I ask what you approximatelty paid for the house in the UK?
One weird thing that could start happening (or intensifying) is that as the US dollar devalues... is that people/corporations with mostly USD will start trying to buy homes in places that they expect will have relative currency appreciation compared to the USD... basically, slow or long term currency arbitrage via homes as mainly financial assets.
£230k which is on the cheaper end, got a small bungalow.
A fair few people here already dislike Londoners buying property and driving up prices because they earn more than the local population can. Tourist destinations get it particularly bad. I think a few parts of Wales have increased council tax (similar to property tax) for second homes that are left empty. An empty house doesn't contribute to the local economy.
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£230k which is on the cheaper end, got a small bungalow.
A fair few people here already dislike Londoners buying property and driving up prices because they earn more than the local population can. Tourist destinations get it particularly bad. I think a few parts of Wales have increased council tax (similar to property tax) for second homes that are left empty. An empty house doesn't contribute to the local economy.
£230k is approximately $315k...
Yeah, in the US, that's significantly on the cheaper end as well, broadly speaking... i think what you call a bungalow is roughly what we'd call a starter home... but the problem in the US is... we don't really build those anymore, the construction companies can only turn a profit by making larger homes, that are also built to very shoddy standards.
That and the only areas with $315 or lower as a median home price are quite poor, with terrible economies and no reasonable transportation options... and the US largely murdered remote working after the corpos realized it would make their commericial office values collapse.
US median home sale price, over the whole US, is about $425k as of May, about £315k.
Maybe that will change after the whole housing market crashes, but that level of specificity is way too hard to meaningfully predict.
As to a second home tax... yeah you would think this we be an obvious thing to do, to combat gentrification, or at least make it have more fair broad social impacts... but here in the States, nearly nowhere actually does it, and there are a ton of legal loopholes and bs you can do to get around it.
Instead, a lot of places actually encourage second homes with tax incentives and write offs for getting one... because... entrepreneurship, or something.
