Coupon Queen: $279 of Groceries For Only 39¢
Mom Feeds Family For Under $10 A Week
Isn't this just the epitome and apotheosis of "consumer greed?"
Originally posted at Carpe Diem.
CARPE DIEM
Professor Mark J. Perry's Blog for Economics and Finance
Saturday, August 29, 2009
Originally posted at Carpe Diem.
About Me
- Name: Mark J. Perry
- Location: Washington, D.C., United States
Dr. Mark J. Perry is a professor of economics and finance in the School of Management at the Flint campus of the University of Michigan. Perry holds two graduate degrees in economics (M.A. and Ph.D.) from George Mason University near Washington, D.C. In addition, he holds an MBA degree in finance from the Curtis L. Carlson School of Management at the University of Minnesota. In addition to a faculty appointment at the University of Michigan-Flint, Perry is also a visiting scholar at The American Enterprise Institute in Washington, D.C.
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5 Comments:
Wow, I always thought the time value of clipping coupons was greater than the cost savings. I guess I am wrong! I will give coupon clipping a second chance.
Pretty impressive for about 5 hours of effort per week. Well she would be shopping anyway, so maybe only 4 extra hours.
My wife has been very good at this for years. It is one of the reasons I married her.
Actually, no, not consumer greed. Wrongheaded corporate pricing strategy is more like it.
I come from a country where people would suggest seeing a psychiatrist if anyone suggested n-for-1 or coupon based price deals. Groceries have consistently low prices, and you know what - people still buy them. In droves.
"Groceries have consistently low prices, and you know what - people still buy them. In droves."
The thing is, companies want people to buy their brand/product not the competitor's. Since people tend to keep eating and drinking their entire lives, if you can get someone to switch, you get lots of future sales.
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