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52% of Americans can't raise $400 in an emergency

2

Comments

  • allpurpleallgoldallpurpleallgold Member Posts: 8,771

    I can't wait for Hillary to continue Obamas policies!

    The economic illiteracy of Bernie supporters once again rears it's ugly head. Please tell us, what exactly is Bernie going to do to curb America's insatiable appetite for consumption?
    76% reported spending either less than their income or equal to their income. Of course you didn't read that because you didn't read the report. You just jumped to your own idiotic conclusions because that's what idiots do.
    So you're saying America doesn't have an over-consumption problem?

    FYI, spending anywhere close to equal to your income is spending way outside your means.
    It's actually spending exactly your means. Or do you not know what words mean?
  • HFNYHFNY Member Posts: 5,198 Standard Supporter
    A chained CPI would be a good start to help things but Big Government Libs couldn't handle it:

    money.cnn.com/2014/02/20/news/economy/obama-social-security-chained-cpi/

    HFNY said:

    What percentage of the population is on SS Disability, Social Security, and / or welfare?

    I wish people had better financial literacy (maybe a class taught jr or senior year of high school?) because they get caught in a credit card trap with eye-watering interest rates.

    The entire premise of SS is that the populace is too stupid to save for retirement themselves. The mayhem that will result once that becomes insolvent will be a hell of a thing to witness.
  • dhdawgdhdawg Member Posts: 13,326

    I think the statistics are fogged due to a certain 13% of the population. Why need to save $400, government does it for you.

    Always about the blacks with you
  • PurpleJPurpleJ Member Posts: 37,512 Founders Club

    I can't wait for Hillary to continue Obamas policies!

    The economic illiteracy of Bernie supporters once again rears it's ugly head. Please tell us, what exactly is Bernie going to do to curb America's insatiable appetite for consumption?
    76% reported spending either less than their income or equal to their income. Of course you didn't read that because you didn't read the report. You just jumped to your own idiotic conclusions because that's what idiots do.
    So you're saying America doesn't have an over-consumption problem?

    FYI, spending anywhere close to equal to your income is spending way outside your means.
    Our? economy is structured towards mass consumption. If the poors aren't buying more than they can afford the economy will literally not grow, and the banks won't be able to justify their leverage.
    Exactly. But we (we?) can just blame Bush and Obama for not knowing how to manage our (our?) money for us. People forget that the everyday dumbfucks had just as much to do with the recession as wall street and the dumbfucks we elect to keep up the charade.
  • Fire_Marshall_BillFire_Marshall_Bill Member, Swaye's Wigwam Posts: 24,404 Founders Club
    edited March 2016

    I think the statistics are fogged due to a certain 13% of the population. Why need to save $400, government does it for you.

    Shanequa the Bremerton stripper disagrees.
  • GreenRiverGatorzGreenRiverGatorz Member Posts: 10,165
    PurpleJ said:

    I can't wait for Hillary to continue Obamas policies!

    The economic illiteracy of Bernie supporters once again rears it's ugly head. Please tell us, what exactly is Bernie going to do to curb America's insatiable appetite for consumption?
    76% reported spending either less than their income or equal to their income. Of course you didn't read that because you didn't read the report. You just jumped to your own idiotic conclusions because that's what idiots do.
    So you're saying America doesn't have an over-consumption problem?

    FYI, spending anywhere close to equal to your income is spending way outside your means.
    Our? economy is structured towards mass consumption. If the poors aren't buying more than they can afford the economy will literally not grow, and the banks won't be able to justify their leverage.
    Exactly. But we (we?) can just blame Bush and Obama for not knowing how to manage our (our?) money for us. People forget that the everyday dumbfucks had just as much to do with the recession as wall street and the dumbfucks we elect to keep up the charade.
    Way too many idiots making $30K a year thought they were prime candidates for a mortgage on a $400K house. Yeah, fuck the lenders and investment bankers who created the incentive to approve such a loan in the first place, but Jesus Christ, how hard is it to figure out that if you're spending 80% of your income on your mortgage, you're going to be insolvent in no time?
  • GreenRiverGatorzGreenRiverGatorz Member Posts: 10,165
    HFNY said:

    A chained CPI would be a good start to help things but Big Government Libs couldn't handle it:

    money.cnn.com/2014/02/20/news/economy/obama-social-security-chained-cpi/

    HFNY said:

    What percentage of the population is on SS Disability, Social Security, and / or welfare?

    I wish people had better financial literacy (maybe a class taught jr or senior year of high school?) because they get caught in a credit card trap with eye-watering interest rates.

    The entire premise of SS is that the populace is too stupid to save for retirement themselves. The mayhem that will result once that becomes insolvent will be a hell of a thing to witness.
    You would think that a bunch of people who fancy themselves as "progressives" would be forward thinking enough to see what a disaster SS is going to be in a few decades. Maybe they're waiting for another plague to hit that'll wipe out 30% of the population. That should help reign in the debt in the short-term.
  • GreenRiverGatorzGreenRiverGatorz Member Posts: 10,165

    I can't wait for Hillary to continue Obamas policies!

    The economic illiteracy of Bernie supporters once again rears it's ugly head. Please tell us, what exactly is Bernie going to do to curb America's insatiable appetite for consumption?
    76% reported spending either less than their income or equal to their income. Of course you didn't read that because you didn't read the report. You just jumped to your own idiotic conclusions because that's what idiots do.
    So you're saying America doesn't have an over-consumption problem?

    FYI, spending anywhere close to equal to your income is spending way outside your means.
    It's actually spending exactly your means. Or do you not know what words mean?
    You would make one hell of a financial advisor.
  • doogsinparadisedoogsinparadise Member Posts: 9,320

    PurpleJ said:

    I can't wait for Hillary to continue Obamas policies!

    The economic illiteracy of Bernie supporters once again rears it's ugly head. Please tell us, what exactly is Bernie going to do to curb America's insatiable appetite for consumption?
    76% reported spending either less than their income or equal to their income. Of course you didn't read that because you didn't read the report. You just jumped to your own idiotic conclusions because that's what idiots do.
    So you're saying America doesn't have an over-consumption problem?

    FYI, spending anywhere close to equal to your income is spending way outside your means.
    Our? economy is structured towards mass consumption. If the poors aren't buying more than they can afford the economy will literally not grow, and the banks won't be able to justify their leverage.
    Exactly. But we (we?) can just blame Bush and Obama for not knowing how to manage our (our?) money for us. People forget that the everyday dumbfucks had just as much to do with the recession as wall street and the dumbfucks we elect to keep up the charade.
    Way too many idiots making $30K a year thought they were prime candidates for a mortgage on a $400K house. Yeah, fuck the lenders and investment bankers who created the incentive to approve such a loan in the first place, but Jesus Christ, how hard is it to figure out that if you're spending 80% of your income on your mortgage, you're going to be insolvent in no time?
    Hey why put crooked bankers in jail when you can just blame poor people?
  • sarktasticsarktastic Member Posts: 9,208

    PurpleJ said:

    I can't wait for Hillary to continue Obamas policies!

    The economic illiteracy of Bernie supporters once again rears it's ugly head. Please tell us, what exactly is Bernie going to do to curb America's insatiable appetite for consumption?
    76% reported spending either less than their income or equal to their income. Of course you didn't read that because you didn't read the report. You just jumped to your own idiotic conclusions because that's what idiots do.
    So you're saying America doesn't have an over-consumption problem?

    FYI, spending anywhere close to equal to your income is spending way outside your means.
    Our? economy is structured towards mass consumption. If the poors aren't buying more than they can afford the economy will literally not grow, and the banks won't be able to justify their leverage.
    Exactly. But we (we?) can just blame Bush and Obama for not knowing how to manage our (our?) money for us. People forget that the everyday dumbfucks had just as much to do with the recession as wall street and the dumbfucks we elect to keep up the charade.
    Way too many idiots making $30K a year thought they were prime candidates for a mortgage on a $400K house. Yeah, fuck the lenders and investment bankers who created the incentive to approve such a loan in the first place, but Jesus Christ, how hard is it to figure out that if you're spending 80% of your income on your mortgage, you're going to be insolvent in no time?
    Hey why put crooked bankers in jail when you can just blame poor people?
    Exactly the question everyone should be asking Obama.
  • PurpleJPurpleJ Member Posts: 37,512 Founders Club

    PurpleJ said:

    I can't wait for Hillary to continue Obamas policies!

    The economic illiteracy of Bernie supporters once again rears it's ugly head. Please tell us, what exactly is Bernie going to do to curb America's insatiable appetite for consumption?
    76% reported spending either less than their income or equal to their income. Of course you didn't read that because you didn't read the report. You just jumped to your own idiotic conclusions because that's what idiots do.
    So you're saying America doesn't have an over-consumption problem?

    FYI, spending anywhere close to equal to your income is spending way outside your means.
    Our? economy is structured towards mass consumption. If the poors aren't buying more than they can afford the economy will literally not grow, and the banks won't be able to justify their leverage.
    Exactly. But we (we?) can just blame Bush and Obama for not knowing how to manage our (our?) money for us. People forget that the everyday dumbfucks had just as much to do with the recession as wall street and the dumbfucks we elect to keep up the charade.
    Way too many idiots making $30K a year thought they were prime candidates for a mortgage on a $400K house. Yeah, fuck the lenders and investment bankers who created the incentive to approve such a loan in the first place, but Jesus Christ, how hard is it to figure out that if you're spending 80% of your income on your mortgage, you're going to be insolvent in no time?
    Hey why put crooked bankers in jail when you can just blame poor people?
    whynotboth.gif
  • AIRWOLFAIRWOLF Member Posts: 1,840
    edited March 2016

    PurpleJ said:

    I can't wait for Hillary to continue Obamas policies!

    The economic illiteracy of Bernie supporters once again rears it's ugly head. Please tell us, what exactly is Bernie going to do to curb America's insatiable appetite for consumption?
    76% reported spending either less than their income or equal to their income. Of course you didn't read that because you didn't read the report. You just jumped to your own idiotic conclusions because that's what idiots do.
    So you're saying America doesn't have an over-consumption problem?

    FYI, spending anywhere close to equal to your income is spending way outside your means.
    Our? economy is structured towards mass consumption. If the poors aren't buying more than they can afford the economy will literally not grow, and the banks won't be able to justify their leverage.
    Exactly. But we (we?) can just blame Bush and Obama for not knowing how to manage our (our?) money for us. People forget that the everyday dumbfucks had just as much to do with the recession as wall street and the dumbfucks we elect to keep up the charade.
    Way too many idiots making $30K a year thought they were prime candidates for a mortgage on a $400K house. Yeah, fuck the lenders and investment bankers who created the incentive to approve such a loan in the first place, but Jesus Christ, how hard is it to figure out that if you're spending 80% of your income on your mortgage, you're going to be insolvent in no time?
    It is apparently VERY hard.

    And that's why you need to sign 60 pages of disclosures on a mortgage. Because signing a mind-numbing number of documents filled with boilerplate language makes people with the attention span of a retarded daschund make better decisions.

    But have no fear, the Feds stepped in to protect those folks from themselves by adding another 10 disclosure documents to initial in triplicate.
  • dncdnc Member Posts: 56,801

    PurpleJ said:

    I can't wait for Hillary to continue Obamas policies!

    The economic illiteracy of Bernie supporters once again rears it's ugly head. Please tell us, what exactly is Bernie going to do to curb America's insatiable appetite for consumption?
    76% reported spending either less than their income or equal to their income. Of course you didn't read that because you didn't read the report. You just jumped to your own idiotic conclusions because that's what idiots do.
    So you're saying America doesn't have an over-consumption problem?

    FYI, spending anywhere close to equal to your income is spending way outside your means.
    Our? economy is structured towards mass consumption. If the poors aren't buying more than they can afford the economy will literally not grow, and the banks won't be able to justify their leverage.
    Exactly. But we (we?) can just blame Bush and Obama for not knowing how to manage our (our?) money for us. People forget that the everyday dumbfucks had just as much to do with the recession as wall street and the dumbfucks we elect to keep up the charade.
    Way too many idiots making $30K a year thought they were prime candidates for a mortgage on a $400K house. Yeah, fuck the lenders and investment bankers who created the incentive to approve such a loan in the first place, but Jesus Christ, how hard is it to figure out that if you're spending 80% of your income on your mortgage, you're going to be insolvent in no time?
    Hey why put crooked bankers in jail when you can just blame poor people?
    Abundance if there ever was such a thing.

    The system is corrupt AND Americans are FS. Spending equal to your means is not responsible. And I grew up in a poorer neighborhood, went to poorer schools and live in a poorer state than 81% of you on this bored so spare me your rant about privilege.
  • AIRWOLFAIRWOLF Member Posts: 1,840
    edited March 2016

    I can't wait for Hillary to continue Obamas policies!

    The economic illiteracy of Bernie supporters once again rears it's ugly head. Please tell us, what exactly is Bernie going to do to curb America's insatiable appetite for consumption?
    Take away most of their disposable income. Duh!
  • Fire_Marshall_BillFire_Marshall_Bill Member, Swaye's Wigwam Posts: 24,404 Founders Club
    It's amazing how people saved when wages were higher, like in the 70s. It's like there's some sort of correlation.
  • PurpleJPurpleJ Member Posts: 37,512 Founders Club
    image

    Maybe someone can explain how percentages work to Bill. It looks to me like the downturn in private savings matches up perfectly with the adult life of the Baby Boom generation.
  • LoneStarDawgLoneStarDawg Member Posts: 13,524
    and people wonder why the government wants to get guns out of people's hands before the next great recession
  • SwayeSwaye Moderator, Swaye's Wigwam Posts: 41,533 Founders Club
    I have 400 sven bucks, and piles of wampum which you idiot white devils always mistake as currency. Idiots.
  • doogsinparadisedoogsinparadise Member Posts: 9,320
    dnc said:

    PurpleJ said:

    I can't wait for Hillary to continue Obamas policies!

    The economic illiteracy of Bernie supporters once again rears it's ugly head. Please tell us, what exactly is Bernie going to do to curb America's insatiable appetite for consumption?
    76% reported spending either less than their income or equal to their income. Of course you didn't read that because you didn't read the report. You just jumped to your own idiotic conclusions because that's what idiots do.
    So you're saying America doesn't have an over-consumption problem?

    FYI, spending anywhere close to equal to your income is spending way outside your means.
    Our? economy is structured towards mass consumption. If the poors aren't buying more than they can afford the economy will literally not grow, and the banks won't be able to justify their leverage.
    Exactly. But we (we?) can just blame Bush and Obama for not knowing how to manage our (our?) money for us. People forget that the everyday dumbfucks had just as much to do with the recession as wall street and the dumbfucks we elect to keep up the charade.
    Way too many idiots making $30K a year thought they were prime candidates for a mortgage on a $400K house. Yeah, fuck the lenders and investment bankers who created the incentive to approve such a loan in the first place, but Jesus Christ, how hard is it to figure out that if you're spending 80% of your income on your mortgage, you're going to be insolvent in no time?
    Hey why put crooked bankers in jail when you can just blame poor people?
    Abundance if there ever was such a thing.

    The system is corrupt AND Americans are FS. Spending equal to your means is not responsible. And I grew up in a poorer neighborhood, went to poorer schools and live in a poorer state than 81% of you on this bored so spare me your rant about privilege.
    I'm not disputing that.
  • KaepskneeKaepsknee Member Posts: 14,886

    PurpleJ said:

    I can't wait for Hillary to continue Obamas policies!

    The economic illiteracy of Bernie supporters once again rears it's ugly head. Please tell us, what exactly is Bernie going to do to curb America's insatiable appetite for consumption?
    76% reported spending either less than their income or equal to their income. Of course you didn't read that because you didn't read the report. You just jumped to your own idiotic conclusions because that's what idiots do.
    So you're saying America doesn't have an over-consumption problem?

    FYI, spending anywhere close to equal to your income is spending way outside your means.
    Our? economy is structured towards mass consumption. If the poors aren't buying more than they can afford the economy will literally not grow, and the banks won't be able to justify their leverage.
    Exactly. But we (we?) can just blame Bush and Obama for not knowing how to manage our (our?) money for us. People forget that the everyday dumbfucks had just as much to do with the recession as wall street and the dumbfucks we elect to keep up the charade.
    Way too many idiots making $30K a year thought they were prime candidates for a mortgage on a $400K house. Yeah, fuck the lenders and investment bankers who created the incentive to approve such a loan in the first place, but Jesus Christ, how hard is it to figure out that if you're spending 80% of your income on your mortgage, you're going to be insolvent in no time?
    Not if you go migrant style and rent out all the bedrooms and wall space to nail up a sleeping bag.
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