17 May 2024 7:17 am
There were plenty of people living paycheck to paycheck under Trump. The conservative response back then was to get another job and pull yourself up by your boot straps. Did something change?Zeets2 » 16 May 2024, 12:02 pm » wrote: ↑ And you think the 78% of the people who are now living paycheck to paycheck under Biden really give a **** about how high the market goes? What they'll see is that gas prices have risen almost 20 cents a gallon in the past month alone, inflation is up another 3.5%, food prices are up another 2.2%, the median home rental cost rose between 1.6% and 2.1% in the last month, and health insurance costs have shot up 3.03% in the last month, all while credit card debt and credit card delinquencies increased to record highs, despite people having to pay record high interest rates on those cards.
So keep playing with your cash register while stupidly believing Biden's **** economy is getting better!
Something did change, people got dumber!
Note this was from 2019 and probably gotten worse since then due to inflation.
https://www.aboutschwab.com/modernwealth2019
2019 Modern Wealth SurveyFOMO fuels American spendingMore than a third of Americans admit their spending habits have been influenced by images and experiences shared by their friends on social media and confess they spend more than they can afford to avoid missing out on the fun, according to Schwab’s 2019 Modern Wealth Index Survey, an annual examination of how 1,000 Americans think about saving, spending, investing and wealth. Survey respondents place blame on social media platforms and not people—they rank social media as the biggest “bad” influence when it comes to how they manage their money, while they put friends and family at the top of “good” influences. According to the survey, three in five Americans pay more attention to how their friends spend compared to how they save, with an equal number saying they’re at a loss to understand how their friends are able to afford the expensive vacations and trendy restaurant meals they portray on social media.
While poor people will more than likely always be poor, everyone else needs to take a hard look in the mirror.
If you need a little help. I have acquired truckloads of bootstraps. Long term financing available at 36% interest.