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Thread: Bottom 40% Have Negative Net Income

  1. #31
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    Quote Originally Posted by Dr. Who View Post
    Far too many people are ridiculously suggestible, particularly when it comes to doing something they want to do rather than something they don't want to do. If they are told that spending makes them more patriotic, they will spend without any guilt. Don't forget they have been raised to spend, not save, so saving is unfamiliar and uncomfortable. I recently read something to the effect that millennials are really falling behind when it comes to savings/investments. Part of that is the uncertainty of employment and the high cost of living, student loans etc., but I also think that there are some who do live beyond their means. I see them every day buying their lattes and muffin or other pastry in the morning and then also buying their lunches. They have to be spending $20 a day before dinner. I feel guilty if I spend $10 and I can afford it, but I think it's a waste. The travel industry would be pretty decimated if the younger crowd gave up their vacations even if they are borrowing from Peter to pay Paul.

    We have a very large lunch room at work with multiple microwaves and "toaster ovens". The people you see in there are either middle aged and older or they are frugal immigrants of all ages. If you see the younger domestic crowd, they are bringing in their $10 salads.
    My lunch is leftovers. I never understood people who don't like leftovers.
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  3. #32
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    Well.

    The bottom forty spend more than they take in.

    Time for them to stop spending so much.

    It's not like anyone owes them a living or a big TV.

    Maybe they should be mad that the Democrats insulin on depressing wages with the flood of invaders? (RINOS too (
    Freedom Requires Obstinance.

    We the People DID NOT vote in a majority Rodent Congress, they stole it via election fraud.

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    Quote Originally Posted by Peter1469 View Post
    My lunch is leftovers. I never understood people who don't like leftovers.
    To have leftovers, you have to cook.
    In quoting my post, you affirm and agree that you have not been goaded, provoked, emotionally manipulated or otherwise coerced into responding.



    "The difference between what we do and what we are capable of doing would suffice to solve most of the world’s problems.”
    Mahatma Gandhi

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  6. #34
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    Quote Originally Posted by Sergeant Gleed View Post
    Well.

    The bottom forty spend more than they take in.

    Time for them to stop spending so much.

    It's not like anyone owes them a living or a big TV.

    Maybe they should be mad that the Democrats insulin on depressing wages with the flood of invaders? (RINOS too (
    Many of the bottom 40 are immigrants and live like paupers, others are not spend thrifts but simply don't make enough relative to the cost of living. There is a demographic whose wants exceeds their means - they are not necessarily Democrats, but spoiled children.
    In quoting my post, you affirm and agree that you have not been goaded, provoked, emotionally manipulated or otherwise coerced into responding.



    "The difference between what we do and what we are capable of doing would suffice to solve most of the world’s problems.”
    Mahatma Gandhi

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    Quote Originally Posted by Dr. Who View Post
    Many of the bottom 40 are immigrants and live like paupers, others are not spend thrifts but simply don't make enough relative to the cost of living. There is a demographic whose wants exceeds their means - they are not necessarily Democrats, but spoiled children.

    But as reported earlier, that bottom 40 is actually "In the end, our best estimate of the extreme poverty rate is 0.24% among households and 0.11% among individuals," state the paper authors, adding that they "suspect the true extreme poverty rate is lower, given the evidence of survey underreporting for many income sources.""
    Tradition is not the worship of ashes, but the preservation of fire. ― Gustav Mahler

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    Quote Originally Posted by Chris View Post
    But as reported earlier, that bottom 40 is actually "In the end, our best estimate of the extreme poverty rate is 0.24% among households and 0.11% among individuals," state the paper authors, adding that they "suspect the true extreme poverty rate is lower, given the evidence of survey underreporting for many income sources.""
    Extreme poverty and the inability to avoid financial instability are really two different things. The extremely impoverished are a better known quotient. The less quantifiable issue is the financially unstable, in that they may, in their senior years especially, become the extremely impoverished. So, if they are just making ends meet today and putting nothing away for tomorrow or if they are living on credit that they can't ever pay back, many will become the next generation of paupers who will ultimately need assistance to survive.

    It has been said many times, by many people, that the current generation will be the first in a very long time who are likely to earn less than their parents (on a relative basis). What happens if the current generation doesn't care about repaying debts, but instead is willing to declare bankruptcy and having nothing worth repossessing, never satisfies their debts? What if they play the system, not marrying and incurring debts in one partner's name or the other, leaving one with credit? It's not like they believe that they will ever own anything.
    In quoting my post, you affirm and agree that you have not been goaded, provoked, emotionally manipulated or otherwise coerced into responding.



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    Quote Originally Posted by Dr. Who View Post
    Many of the bottom 40 are immigrants and live like paupers, others are not spend thrifts but simply don't make enough relative to the cost of living. There is a demographic whose wants exceeds their means - they are not necessarily Democrats, but spoiled children.
    They have to spend less.

    It does not matter where they came from. The algebraic laws off accounting don't care.

    And...if they came from somewhere else...they're working fir dirt and undercutting the wages an American could be rarning.

    We don't owe them a living.
    Freedom Requires Obstinance.

    We the People DID NOT vote in a majority Rodent Congress, they stole it via election fraud.

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    Quote Originally Posted by Dr. Who View Post
    Extreme poverty and the inability to avoid financial instability are really two different things. The extremely impoverished are a better known quotient. The less quantifiable issue is the financially unstable, in that they may, in their senior years especially, become the extremely impoverished. So, if they are just making ends meet today and putting nothing away for tomorrow or if they are living on credit that they can't ever pay back, many will become the next generation of paupers who will ultimately need assistance to survive.

    It has been said many times, by many people, that the current generation will be the first in a very long time who are likely to earn less than their parents (on a relative basis). What happens if the current generation doesn't care about repaying debts, but instead is willing to declare bankruptcy and having nothing worth repossessing, never satisfies their debts? What if they play the system, not marrying and incurring debts in one partner's name or the other, leaving one with credit? It's not like they believe that they will ever own anything.
    Extreme poverty, huh?

    That's the bottom 1%, not tge whole of the bottom two quintiles.

    Most of that 40%? They're using theur EBT to pig out on Popeye's Chicken in the "food deserts" their rioting kin help maintain.
    Freedom Requires Obstinance.

    We the People DID NOT vote in a majority Rodent Congress, they stole it via election fraud.

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    Quote Originally Posted by Sergeant Gleed View Post
    They have to spend less.

    It does not matter where they came from. The algebraic laws off accounting don't care.

    And...if they came from somewhere else...they're working fir dirt and undercutting the wages an American could be rarning.

    We don't owe them a living.
    A declining wage is very likely to create future problems i.e. a shrinking middle class. The 1% are not going to want to make up the difference.
    In quoting my post, you affirm and agree that you have not been goaded, provoked, emotionally manipulated or otherwise coerced into responding.



    "The difference between what we do and what we are capable of doing would suffice to solve most of the world’s problems.”
    Mahatma Gandhi

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    Quote Originally Posted by Sergeant Gleed View Post
    Extreme poverty, huh?

    That's the bottom 1%, not tge whole of the bottom two quintiles.

    Most of that 40%? They're using theur EBT to pig out on Popeye's Chicken in the "food deserts" their rioting kin help maintain.
    Read what I wrote again. Leaving out the quantifiable extremely impoverished today, they are many people who are financially unstable. They may look middle class and live middle class, but they are 30 days from welfare.
    In quoting my post, you affirm and agree that you have not been goaded, provoked, emotionally manipulated or otherwise coerced into responding.



    "The difference between what we do and what we are capable of doing would suffice to solve most of the world’s problems.”
    Mahatma Gandhi

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