52% of Americans can't raise $400 in an emergency
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I can't wait for Hillary to continue Obamas policies!
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I can't wait for Bernie to make us wish for the relative salad Days of Obamas Presidency.allpurpleallgold said:I can't wait for Hillary to continue Obamas policies!
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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?allpurpleallgold said:I can't wait for Hillary to continue Obamas policies!
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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.GreenRiverGatorz said:
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?allpurpleallgold said:I can't wait for Hillary to continue Obamas policies!
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I think the statistics are fogged due to a certain 13% of the population. Why need to save $400, government does it for you.
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So you're saying America doesn't have an over-consumption problem?allpurpleallgold said:
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.GreenRiverGatorz said:
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?allpurpleallgold said:I can't wait for Hillary to continue Obamas policies!
FYI, spending anywhere close to equal to your income is spending way outside your means. -
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.sarktastic said:without borrowing the money
http://www.federalreserve.gov/econresdata/2013-report-economic-well-being-us-households-201407.pdf -
I don't understandpuppylove_sugarsteel said:I think the statistics are fogged due to a certain 13% of the population. Why need to save $400, government does it for you.
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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.GreenRiverGatorz said:
So you're saying America doesn't have an over-consumption problem?allpurpleallgold said:
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.GreenRiverGatorz said:
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?allpurpleallgold said:I can't wait for Hillary to continue Obamas policies!
FYI, spending anywhere close to equal to your income is spending way outside your means. -
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.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.sarktastic said:without borrowing the money
http://www.federalreserve.gov/econresdata/2013-report-economic-well-being-us-households-201407.pdf
