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Posted on 10/10/23 at 7:07 pm to Big_Sur
quote:
Big_Sur
The OT Minister of Propaganda.
Posted on 10/10/23 at 7:19 pm to Big_Sur
I don’t believe one damn word from the media.
Posted on 10/10/23 at 7:25 pm to JackieTreehorn
quote:
I don’t believe one damn word from the media.
Me either. Or from the government
Posted on 10/10/23 at 7:36 pm to teke184
quote:Exactly! It's just Bloomberg trying to carry water for Biden.
bullshite.
Average American has been paycheck to paycheck since Covid hit, which is why credit card debt is spiking.
Posted on 10/10/23 at 7:50 pm to Big_Sur
quote:
Despite inflation, I've got to think I'm not the only one on the OT doing significantly better now than, say, 4 years ago. It may just be possible that lots of folks are doing better these days!
When the poli guys claim the economy is awful they all say they are doing just fine but everyone else just isn’t as lucky.
I listen to a lot of earnings reports and both big and small banks have been saying for the last year that average account holdings are still significantly higher than precovid.
Seriously though if you’re not doing well in this economy you’re doing something seriously wrong.
Posted on 10/10/23 at 7:58 pm to Motownsix
quote:
Seriously though if you’re not doing well in this economy you’re doing something seriously wrong.
Meh. My families earnings are way up from 2019. I got a few raises, wife got a promotion. Also up is our insurance costs, food costs, energy costs, and damn near everything else. Our house is supposedly worth more, but if I sold it I couldn’t afford a similar one. My retirement savings are up but seem to have dipped a bit lately.
If I hadn’t already been established I think I would find this economy difficult to navigate. Young people just starting their careers shouldn’t have problems finding work, but will likely have issues affording housing and all the adult things we find to spend money on.
Posted on 10/10/23 at 8:21 pm to teke184
quote:i’m average. Don’t have a credit card and save plenty.
Average American has been paycheck to paycheck since Covid hit, which is why credit card debt is spiking.
I think Fox News is rotting some of y’all’s brains
Posted on 10/10/23 at 8:22 pm to Big_Sur
Posted on 10/10/23 at 8:28 pm to Big_Sur
This is true. I have hundreds of billions saved.
Posted on 10/10/23 at 8:28 pm to Big_Sur
Old people have not been able to save, rates are higher, they can now save. That is over 23% of population that has majority of dollars. At least a 5% increase annually right now
Posted on 10/10/23 at 8:31 pm to Motownsix
quote:
I listen to a lot of earnings reports and both big and small banks have been saying for the last year that average account holdings are still significantly higher than precovid.
You have zero clue, no bank has said this..
Edit the largest 3 banks saw migration from smaller banks in deposits
This post was edited on 10/10/23 at 8:35 pm
Posted on 10/10/23 at 9:24 pm to Big_Sur
some of the absolute propaganda you believe and spread is incredible. it just take serious effort with every post to find sources you can sell as credible all to defend a failed administration you voted for
Posted on 10/11/23 at 2:15 pm to Big_Sur
quote:
Much of the excess cash is held by upper-income households. Moody’s Analytics chief economist Mark Zandi reckons that more than half of the $1.8 trillion in excess savings he calculates remains is held by households in the top 10% of the income bracket.
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