Stamp Community Family of Web Sites
Thousands of stamps, consistently graded, competitively priced and hundreds of in-depth blog posts to read
Stamp Community Forum
 
Username:
Password:
Save Password
Forgot your Password?

Welcome Guest! Need help? Got a question? Inherit some stamps?
Our stamp forum is completely free! Register Now!

Poll: Has Inflation Impacted Your Stamp Collecting Efforts?

Previous Page
 
To participate in the forum you must log in or register.
Author Previous TopicReplies: 24 / Views: 1,206Next Topic
Page: of 2
Valued Member
United States
51 Posts
Posted 09/30/2022   11:05 am  Show Profile Bookmark this reply Add Zman to your friends list  Get a Link to this Reply
I'm enjoying the fruits of working 60 years so now I buy whatever I want to.
Send note to Staff  Go to Top of Page
Valued Member
United States
222 Posts
Posted 09/30/2022   11:30 am  Show Profile Bookmark this reply Add oldboldandbrash to your friends list  Get a Link to this Reply
To say that is to diminish the collecting efforts of young people. You don't think I wish I could buy as I wish? With the world going the way it's going I'll likely never have big money saved in the bank to buy thousand dollar stamps. It's a shame that a hobby like this should have a cost of entry. The way prices on stuff keeps rising just shocks me, for example I was doing some catting of early Thailand and in my 2017 pdf the price on one stamp is 125$. In my 2021 Classic it's 200$. Cmon
Send note to Staff  Go to Top of Page
Pillar Of The Community
Netherlands
2144 Posts
Posted 09/30/2022   1:16 pm  Show Profile Bookmark this reply Add NSK to your friends list  Get a Link to this Reply
I doubt that Thailand example has anything to do with general inflation. Southeast and South Asia is developing and people get wealTheir. As people from that region get more disposable income, they can afford buying stamps their countries issued, Where formerly the stamps were bought by a few American and European collectors, now demand is high 'at home' among a larger population interested in local postal history.
Send note to Staff  Go to Top of Page
Edited by NSK - 09/30/2022 1:17 pm
Pillar Of The Community
Learn More...
9104 Posts
Posted 09/30/2022   8:25 pm  Show Profile Bookmark this reply Add rogdcam to your friends list  Get a Link to this Reply
Interesting results thus far with 36% of respondents saying that inflation has impacted their stamp collecting to some degree and the balance not feeling any impact. I had no idea what to expect but thought that given the need for disposable income to engage in any collecting hobby a good percentage of respondents would not find inflation to be a factor in their collecting decisions. 36% is not a trifling percentage and I wonder if that increases as time goes on with inflation unabated and the economy of at least the United States in recession. There are so many variables and factors in play that this simple poll raises more questions than it answers but I thank everyone for their responses.

PS: Personally, I have cut back on discretionary spending for things such as hobbies. In the Northeast it now costs almost $1400 dollars to fill a 275-gallon heating oil tank, electric bills have increased by 25% in MA (new regulated adjustment), gasoline remains high and of course there is the cost of groceries which is now well exceeding the rate of inflation.

I will survive but many of my neighbors in my small town of 1,000 people are hurting badly. For them the inflation "tax" is particularly cruel. None of them collect anything except perhaps recyclable cans and bottles from the roadside.

PPS: Please keep responding and thank you again if you have already participated.
Send note to Staff  Go to Top of Page
Pillar Of The Community
Learn More...
United States
1134 Posts
Posted 09/30/2022   9:58 pm  Show Profile Bookmark this reply Add Al E. Gator to your friends list  Get a Link to this Reply
I'm retired, my cost of living is increasing, income isn't, and my investments are approaching a melt down. Most of what I need for my collecting interest is on the high-price side. So...yep I'm probably not inclined to spend as freely as in the past. But I'll still keep looking for some unrecognized treasures that are out there.
Send note to Staff  Go to Top of Page
Edited by Al E. Gator - 09/30/2022 9:59 pm
Pillar Of The Community
United States
983 Posts
Posted 10/01/2022   07:15 am  Show Profile Bookmark this reply Add spain_1850 to your friends list  Get a Link to this Reply
I was one of the ones that said "not at all".
The current state of the economy and inflation HAS impacted me, as it has impacted most people in some way.
The factory I work at has been directly affected by it. They can not get raw materials or parts fast enough, so production has slowed tremendously. And customers just aren't ordering electric motors. All of this has made it so that we are only working 3-4 days a week (8 hour days). So, yeah, it affects me monetarily, in general.
However, since I've never been one to spend large amounts of money on individual stamps, I can still find bargains even on my newly restricted budget. It helps to be an opportunistic buyer, and just wait until bargains present themselves to me. The last "larger" collection I bought, like 3 years ago, I am STILL working my way through. At that time I told myself I needed to slow down on big purchases until I get somewhat caught up with what I had.
Also, more than a year ago I stocked up on mounts, hinges, printer paper and an extra toner cartridge. I could literally work on what I have for the next 5 years and not run out of material or supplies.
I only go to 1-2 shows a year anyway, so that hasn't changed either.
The one thing that has really been affected is the amount of extra time I have to play with my stamps. Since I am only working 3-4 days a week, it does allow me to have much more free stamp time.
In a nutshell, it hasn't affected my hobby with regards to my hobby spending.
Send note to Staff  Go to Top of Page
Bedrock Of The Community
Australia
36877 Posts
Posted 10/01/2022   08:19 am  Show Profile Bookmark this reply Add rod222 to your friends list  Get a Link to this Reply

Quote:
I am STILL working my way through. At that time I told myself I needed to slow down on big purchases until I get somewhat caught up with what I had.


Likewise, I still have drawers and boxes of auction lots unopened from 6 years ago.

I also stocked up on Toner ($13 a refill)
and half way through my 5Kg box of mounts.

It feels all so strange, a few years ago, there were queues of the unemployed.
now, we cannot find a tradesman anywhere.

The next town over, a lady is advertising $5,000 cash to erect her kit garage,
19 weeks in, still no takers.

Send note to Staff  Go to Top of Page
Edited by rod222 - 10/01/2022 08:26 am
Pillar Of The Community
Learn More...
United States
1611 Posts
Posted 10/01/2022   09:44 am  Show Profile Bookmark this reply Add cjpalermo1964 to your friends list  Get a Link to this Reply
My situation is the same as Al Gator. I don't expect to buy a stamp until well into 2023 and it's going to be a lean, modest Christmas. I have been deleting auction house emails without reading them to avoid temptation and tossing newly received catalogues into the bin without opening the envelope. Until my 401(k) recovers, I'm on a diet, and I estimate that present economic policies have added three years to my retirement timing.
Send note to Staff  Go to Top of Page
Valued Member
United States
65 Posts
Posted 10/07/2022   1:50 pm  Show Profile Bookmark this reply Add l2y to your friends list  Get a Link to this Reply
I am retired/disabled and on a fixed budget. Prices for food, gas, clothing and just about everything as gone up and left less money for stamps. Inflation has changed how I collect somewhat, but not much.

To me, the effect of inflation has to take in how or why you collect. I find my greatest joy in the hobby in sorting and organizing stamps. I love getting 1,000s or even 100s of stamps and putting them in order. I don't care about stamp value or completing a country from first issue to last and having every stamp issued. I am a topical/thematic collector and pick and choose what I want to keep. The rest goes into a box, never to see the light of day as far as I care.

However, because of the raising cost of stamps and life essentials, I am not buying as much as before. Instead, I get to spend more time working with what I have and creating/designing my own album pages. I have also started doing more research and learning about specific stamps I might want to buy.

So I guess I could say that inflation has made me more focused in my collecting. I'm more deliberate and cautious in my spending and not just buying everything I see.
Send note to Staff  Go to Top of Page
Page: of 2 Previous TopicReplies: 24 / Views: 1,206Next Topic  
Previous Page
 
To participate in the forum you must log in or register.


Go to Top of Page
Disclaimer: While a tremendous amount of effort goes into ensuring the accuracy of the information contained in this site, Stamp Community assumes no liability for errors. Copyright 2005 - 2022 Stamp Community Family - All rights reserved worldwide. Use of any images or content on this website without prior written permission of Stamp Community or the original lender is strictly prohibited.
Privacy Policy / Terms of Use    Advertise Here
Stamp Community Forum © 2007 - 2022 Stamp Community Forums
It took 0.17 seconds to lick this stamp. Powered By: Snitz Forums 2000 Version 3.4.05