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Started By
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re: What Would Happen To The US Economy If Everyone Lived Modest?
Posted on 8/14/19 at 5:57 am to LCA131
Posted on 8/14/19 at 5:57 am to LCA131
quote:
According to the New York Times, in the 1960s and 1970s, the typical car reached its end of life around 100,000 miles, but due to manufacturing improvements such as tighter tolerances and better anti-corrosion coatings, in the 2000s the typical car lasts closer to 200,000 miles.[4]
So double the price of purchasing a car for double the mileage, comes out even. But now the cost to fix cars is out of control too and isn't as easy as on the older vehicles.
0
Posted on 8/14/19 at 9:37 am to Sweltering Chill
Wasn't picking on NIH, the guy's a style trendsetter. 
I think the perception, given to us by the media, is that we, as a nation, overspend and don't pay our bills.
In fact, the average FICO score is above 700, the highest in history.
Yet we hear things like ," 1M Americans are late on their car payments!".
Without context, that is a ridiculous statement.
Sorry for the hijack.
I think the perception, given to us by the media, is that we, as a nation, overspend and don't pay our bills.
In fact, the average FICO score is above 700, the highest in history.
Yet we hear things like ," 1M Americans are late on their car payments!".
Without context, that is a ridiculous statement.
Sorry for the hijack.
Posted on 8/14/19 at 11:05 am to fr33manator
quote:
Does OwakandeO have some abundant source of a valuable raw material that allows them to sell it to 1-5 and the profits are so great that the ruling class is willing to share it with the general populace?
Is OwakandeO producing its own food? What do the people do if there isn’t industry driving it?
Owankandeo is probably a service economy. They may produce some goods on their own, but the service sector is probably the primary source of jobs and income.
Btw, i see what you did there. But many countries are predominantly service economies. The US is mostly a post industrialized service economy. The difference with the US is that it has a great manufacturing base, but that doesnt make a large share of the jobs.
Posted on 8/14/19 at 11:07 am to volod
quote:
The US is mostly a post industrialized service economy
The tech, energy and health care sectors drive our economy.
Posted on 8/14/19 at 11:12 am to RogerTheShrubber
quote:
The tech, energy and health care sectors drive our economy.
Let me clarify. Admittedly "service economy" may be the wrong term.
Those industries you mentioned (save for energy if your referring to oil and gas) are filled with collegiate or vocational professionals.
They are providing a service for a client.
Posted on 8/14/19 at 11:16 am to volod
quote:
Btw, i see what you did there.
What did I do there? And who are they serving? Are they a big tourist destination?
Posted on 8/14/19 at 11:56 am to OweO
The US economy would crash if everyone followed the 10 commandants.
Posted on 8/14/19 at 11:59 am to VolsOut4Harambe
quote:
it would tank cash flow which is needed in any economy.
Maybe at first, but as people spend modestly, they tend to save more money and aren't as reliant on the government.
Cutting into the overall spending by the government would make the economy better
Posted on 8/14/19 at 12:03 pm to Displaced
quote:
Cutting into the overall spending by the government would make the economy better
This is the key, right here.
I remember when one part was fiscally conservative. Now both parties spend like drunken sailors.
Posted on 8/14/19 at 12:04 pm to fr33manator
quote:
What did I do there? And who are they serving? Are they a big tourist destination?
It appeared as though you were trying to make a reference to Wakanda.
OwakandeO
Granted, i have so many issues with the fictional nation of Wakanda that i could easily make my own thread. It isnt about what Africans could do, but more about how contradictory their development would be in a realistic context.
Posted on 8/14/19 at 12:07 pm to tgrbaitn08
quote:
God damn you’re a fricking idiot.
I can't imagine having such a reaction to the original post.
Life is going to be tough.
Posted on 8/14/19 at 12:11 pm to OweO
How modest are you Chris?????
Posted on 8/14/19 at 12:12 pm to volod
Ah, yes it was a bit tongue in cheek
Posted on 8/14/19 at 12:13 pm to fr33manator
fr33 I doubt if I still have it, I'll try to look for it, but I am pretty sure I threw away all of my college stuff away years ago.
Posted on 8/14/19 at 12:15 pm to OweO
You didn’t have it saved somewhere?
I am legit curious
I am legit curious
This post was edited on 8/14/19 at 12:16 pm
Posted on 8/14/19 at 12:17 pm to OweO
In re to cars, i’m not sure if they’re built to last as long as the cars of the 50s or 60s.. my guess is that they’re better, and will go 250k or 300k miles if cared for properly.. but what i do know is that cars of today are infinitely better in terms of creature comforts; i made sure that my last vehicle came with a rearview camera, which makes parking and backing out a breeze.. it also came with remote start (#humblebrag) which I didn’t even realize i needed- but now i love being able to crank the AC from a distance a few minutes before i get in on a 105 degree day.
The problem that creates is that most people start wanting the latest and greatest when looking for cars.. i’m already on the lookout for my next vehicle and want it to have the ‘power liftgate’ where the back of the SUV raises or lowers with the push of a button.. i really want to get off the new car payment hamster wheel, so it helps if you can figure out ‘wants’ versus ‘needs’, which i’m trying to do.. going to try to stay with my 2012 vehicle for the next 10 or 15 years if i can.
The problem that creates is that most people start wanting the latest and greatest when looking for cars.. i’m already on the lookout for my next vehicle and want it to have the ‘power liftgate’ where the back of the SUV raises or lowers with the push of a button.. i really want to get off the new car payment hamster wheel, so it helps if you can figure out ‘wants’ versus ‘needs’, which i’m trying to do.. going to try to stay with my 2012 vehicle for the next 10 or 15 years if i can.
Posted on 8/14/19 at 12:19 pm to Sweltering Chill
quote:
going to try to stay with my 2012 vehicle for the next 10 or 15 years if i can.
10 years with my '09 right now. I'm sincerely hoping I can get another 10 out of it, but I'll be happy with another 5-7 years.
I maintain a AAA membership just in case I need the 100 miles of included towing.
This post was edited on 8/14/19 at 12:21 pm
Posted on 8/14/19 at 12:19 pm to OweO
quote:
In away you can argue that our economy has a socialist theory to it.
It is dependent on everyone to spread their wealth by buying a bunch of shite.
You failed both Macro and Micro Econ I bet.
Posted on 8/14/19 at 12:20 pm to Sweltering Chill
You would have never made it back in the 70’s and 80’s.....
Posted on 8/14/19 at 12:23 pm to OweO
Answer my question Chris... how modest are you???
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