Will Inflation hurt online gaming in 2023?

There are many people who are well aware of the fact the economic climate in America is not good to say the very least. The price of almost everything from food to gas prices are increasing at an alarming rate to a point where the average American struggle with the cost of basic living. While gaming is still very popular to many Americans the cost of owning a console like the PlayStation 5 or the Xbox Series X is very expensive. The reason why owning a current generation console is expensive is mainly because companies like Sony and Microsoft expect players to purchase their online gaming services for a better gameplay experience with their consoles. Whether you have access to PlayStation Plus or Xbox Live both Sony and Microsoft expects players to commit a monthly or annual subscription plan that would force players to pay a average of at least $10 per month depending on what they choose. On average a PlayStation 5 and Xbox Series X would be priced somewhere between $550-$700 depending on what retailer you go to with brand new games averaging around $59.99 following their respective releases. While many Americans are still likely tp spend cold hard cash on upcoming titles like Final Fantasy XVI, Street Fighter VI, Resident Evil 4: Remake and Silent Hill 2: Remake others are more concerned about survival. There are giant corporations in America that are implementing massive layoffs and job cuts in the hundreds and thousands while the cost of living continues to rise. Its also well known that gaming developers are more prone to adding micro-transactions within their games to make extra profits on top of what they bring in through consumer sales. Its possible that inflation with America could end up having detrimental affect on gaming in general as time passes; which could end up negatively affecting the overall sales of current generation game systems such as the PlayStation 5 and Xbox Series X.

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