ECONOMY & WORK
MONEY 101
NEWS
PERSONAL FINANCE
NET WORTH
About Us Contact Us Privacy Policy Terms of Use DMCA Opt-out of personalized ads
© Copyright 2023 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.
MARKETREALIST.COM / ECONOMY & WORK

Creator Reveals Why People Are Stealing From Stores; ‘Not Because It’s Fun'

"People are stealing because they have to,” Owens says in the video which has over 399,000 views.
PUBLISHED APR 12, 2024
Cover Image Source: Creator reveals why people are stealing from stores | TikTok | @iamsteveowens
Cover Image Source: Creator reveals why people are stealing from stores | TikTok | @iamsteveowens

Inflation and an uncertain economy have caused the prices of daily essentials to skyrocket. The affordability and cost of living crisis has impacted millions of Americans and an example of it was shared on TikTok by creator Steve Owens (@iamsteveowens). He shows how costly daily essentials have become and explains why stores like Target are locking up items and canceling self-checkouts. A wide majority of Steve’s viewers agreed with his opinion showing the degree of rising costs.

Image Source: Unsplash | Photo by Towfiqu barbhuiya
Image Source: Unsplash | Photo by Towfiqu barbhuiya

In the video, Owens is seen in his car looking concerned. He says that he bought some daily essential items from Target for which he had to pay $35. He goes on to show the items which are body wash, mouthwash, soap, and toothpaste. He says the average price for each item is $8.75, which is crazy.

Image Source: TikTok | @iamsteveowens
Image Source: TikTok | @iamsteveowens

He goes on to say that pretty much everything is locked up in Target and they have also stopped self-checkout as people are stealing. Owens says that people aren’t stealing for fun, people are struggling. Owens then says that the average wage in America is about $11 per hour which means people would roughly need to work three hours just to get these four items.

Image Source: TikTok | @iamsteveowens
Image Source: TikTok | @iamsteveowens

He says that only the essential items like soap, deodorant, etc., are locked up and nobody is stealing these items to sell them on the black market. “Y’all, people are not stealing because it’s fun. People are stealing because they have to,” Owens says in the video which has over 399,000 views.


@iamsteveowens Target is robbing us blind, and we are letting them! #fyp #foryou #foryoupage ♬ original sound - Steve Owens

 

People in the comments echoed Owens’ concerns and further elaborated on the crisis. One (@Shannon) user said that they had been buying the same groceries from the same store for the past four years and their bills have more than tripled during this time. Another user pointed out that different Targets have different prices causing more trouble to customers.

Image Source: TikTok | @iamsteveowens
Image Source: TikTok | @iamsteveowens

Another user (@dani) shared a similar experience where they had to pay $50 for just three items, detergent, soap, and a new toothbrush. Meanwhile, one viewer pointed out that even size and quantity choices have been limited in stores forcing people to buy large items by paying more.

Image Source: TikTok | @dani.fu28
Image Source: TikTok | @dani.fu28

U.S. has been dealing with high inflation in the economy over the last several years, with everything from groceries, and food to new vehicles and construction supplies soaring in price. In the last four years since the pandemic food prices have gone up by 25%, according to BLS data, via Yahoo!Finance. Furthermore, according to the Ludwig Institute for Shared Economic Prosperity's True Living Cost Index, the cost of necessities went up by 7.8% year-over-year in 2022 alone, marking the highest increase since 2004.

This has come amid the housing affordability crisis which has caused rents to skyrocket. The high cost of rent has impacted people across all income levels, according to a Harvard University study, NPR reported. All of these costs have been pushed by the pandemic, soaring inflation, and several geopolitical disturbances affecting the global supply chain.

MORE ON MARKET REALIST
Pat Sajak has seen many great solves but few will ever match up to how amazing this one was.
7 hours ago
Drew Carey is used to bizarre celebrations, but getting a cold shoulder wasn't something he was prepared for.
8 hours ago
Costco products have been called out over quality standards multiple times in the past year.
9 hours ago
There have been awkward moments on the show in the past but few can top this one.
1 day ago
Some fans believe that rising prices have forced the showrunners to settle for local destinations.
1 day ago
It's not easy to leave the host stunned into silence, but some contestants come up with unbelievable answers.
1 day ago
This was a big let down and it was evident from the host's reaction after the Bonus Round puzzle.
1 day ago
Fans also went a step ahead and suggested that White should consider hiring a new stylist.
2 days ago
The answer was so shocking that both host and contestant just stood in silence for a few seconds.
2 days ago
Drew Carey clearly has a sharp eye as he helped keep the integrity of the show intact.
2 days ago
Carey has achieved a lot in his time as the host of the show, including his co-workers' respect.
3 days ago
Ryan Seacrest has a long way to go before he can be as loved by fans as his predecessor.
3 days ago
There have been several complaints about Great Value products of late on social media.
3 days ago
It's not often that one gets to see such a captivating performance on "The Price is Right."
4 days ago
There's probably no better judge of this matter than the veteran host of the popular game show.
4 days ago
Everyone in the studio was shocked for a moment before they all saw the funny side of things.
4 days ago
It's not often that the sharks get somewhat annoyed and still offer a huge deal to the entrepreneur.
4 days ago
Watches have always been valuable items but this woman had no idea just how much these ones were.
5 days ago
Some have even called out Ryan Seacrest for awarding the win despite the incorrect pronounciation.
5 days ago
Items from the Olympics usually end up in some museum but this one was different and unexpected.
5 days ago