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Started By
Message
re: Americans spend too much on luxuries
Posted on 7/7/17 at 4:42 pm to fareplay
Posted on 7/7/17 at 4:42 pm to fareplay
quote:
It's worth noting that by the specialized nomenclature of the dismal science, even eating at McDonald’s is a luxury — that is, we do it more as our incomes rise — while smoking and lottery-ticket buying are categorized as necessities. For its part, the Deutsche Bank report explicitly defined luxuries as goods or services consumed in greater proportions as a person’s income increases and necessities as those goods or services that make up a smaller proportion of spending as a person’s income increases.
Wtf kind of shite is this?
0
Posted on 7/7/17 at 4:43 pm to fareplay
RALPH: "We need to save money Alice! We need to cut down on all these luxuries!"
ALICE: "Then why don't you sell your bowling ball? Or is that what you consider a necessity?"
RALPH: "It certainly is. I'd like to see you bowl without one."
ALICE: "Then why don't you sell your bowling ball? Or is that what you consider a necessity?"
RALPH: "It certainly is. I'd like to see you bowl without one."
Posted on 7/7/17 at 4:46 pm to fareplay
quote:
Shopping for clothes at target as a women
you need to treat her better than that.
I don't buy her cloths, she does. If she wants to spend more on cloths I won't stop her. I spend enough on dumb shite for both
Posted on 7/7/17 at 4:47 pm to GreatLakesTiger24
quote:
Poor people often have more expensive clothes, electronics, and "toys" than upper middle class people in my experience
It may seem that way, but on the whole it isn't true.
Posted on 7/7/17 at 4:48 pm to fareplay
quote:
Women are being taken advantage of and it isnt even funny. Went to the mall with my wife and a shirt cost 80$... A SHIRT
You should quit taking your wife there if the store's just going to keep taking $80 out of her purse and putting a shirt in there.
Posted on 7/7/17 at 4:48 pm to fareplay
What were once vices, are now virtues.
Posted on 7/7/17 at 4:52 pm to fareplay
quote:
Lowest-income families spend 40% of their money on what economists label luxuries
That explains the EBT cards I see being pulled out of Gucci purses in checkout lines while the person is talking on the newest iphone
Posted on 7/7/17 at 5:00 pm to fareplay
quote:
This research
quote:
It’s worth noting that by the specialized nomenclature of the dismal science, even eating at McDonald’s is a luxury — that is, we do it more as our incomes rise — while smoking and lottery-ticket buying are categorized as necessities. For its part, the Deutsche Bank report explicitly defined luxuries as goods or services consumed in greater proportions as a person’s income increases and necessities as those goods or services that make up a smaller proportion of spending as a person’s income increases.
Junk "science".
Posted on 7/7/17 at 5:02 pm to GreatLakesTiger24
quote:
Poor people often have more expensive clothes, electronics, and "toys" than upper middle class people in my experience
Absolutely. You don't work your way up the ladder by wasting too much money on luxuries or you don't stay there long if you do.
I get way more excited at the idea of buying income-producing assets than I ever do about trucks, drones, or expensive clothes. As with all things, moderation is key.
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