American Economics Thread

[chgough34]

Anyone living in the US can tell you that, when compared to say 2019, they are making a little bit more, saving less, spending much more, and actually buying less.

Is that why they are spending like there is no tomorrow on vacations and gifts and electronics and other discretionary items?

The only statistics that matter to people here are there own finances over the past few years.

You mean, the ones where a supermajority of households report they are doing well financially?

 

[HighGround]

SFH is due to zoning. Many places have nothing but SFH.

I know, but the reason why zoning persists is because people are obsessed with it. I vote in favor of rezoning, but I actually live in a single family home.

It does not have. Now for an American family of 4 to live comfortably, they need to have an income of US$177,798.

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This is still true in cheaper states like Mississippi, in the more expensive states, that same family needs to have an income of +US$300,000. The study determined that Massachusetts is the most expensive state.

The study “surprisingly” shocking to some, most Americans do not make enough money to “live comfortably” in the highly inflationary environment they find themselves in today.

And all of this combined with families taking out loans to survive, defaulting on credit cards and much more.

This study is flawed and their standard for what constitutes "comfortable" is incredibly generous.

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I'm all for wanting more affordable housing for Americans, among other things, but you can have a perfectly high quality of life on household incomes half the ones cited in this study basically anywhere.

 

[FriedRiceNSpice]

Is that why they are spending like there is no tomorrow on vacations and gifts and electronics and other discretionary items?

Didn't they teach basic reading comprehension where you attended elementary school?

You mean, the ones where a supermajority of households report they are doing well financially?

If you fail to see the meaningless of such a poll there is nothing I or anyone else can do to enlighten you.

 

[manqiangrexue]

One of these trolls here ask everyone here to name anything in the US that doubled in price in the last ten years. Plenty of examples posted and what did the troll say in response? Nothing. He just acted like the question was never asked...

Noooooo no no no. That's giving him way too much credit. Saying nothing would have been magnitudes more intelligent. He actually said that an increase of 168% is less than doubling. When corrected, he insisted that that's what he meant, no misunderstanding. An increase of 168% is less than doubling. So I asked him if he thought that an increase of of 84% (the other item cited) meant that the price went down. Thaaaaat's when he acted like the question was never asked because his mathematic illiteracy finally dawned on him.

 

[9dashline]

One of these trolls here ask everyone here to name anything in the US that doubled in price in the last ten years. Plenty of examples posted and what did the troll say in response? Nothing. He just acted like the question was never asked...

Back in 2014, the top of the line state of the art gpu the nvidia gtx 980 was only $599

Now the rtx4090 is over $2000

 

[simonov]

how about Squitters in USA ? they will took empty house or apartment for living, to make them get out you had too paid them

 

[Sinnavuuty]

This study is flawed and their standard for what constitutes "comfortable" is incredibly generous.

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I'm all for wanting more affordable housing for Americans, among other things, but you can have a perfectly high quality of life on household incomes half the ones cited in this study basically anywhere.

This study indicates the amount needed for the basic costs of living without including financial difficulties that most American families find themselves in at this time.

Not the total amount to live comfortably without having financial problems arising, including 20% of income for investments in savings or to accumulate assets.

Furthermore, the study is clearly a response to @chgough34 what was stated that American families have enough liquidity to cover expenses, in addition to creating savings for long-term investments, something that is far from true, which is why the study, he indicates the need for a minimum total to obtain this liquidity, the vast majority of American families do not even reach annual earnings of +US$170,000, let alone US$300,000 in more expensive states.

 

[9dashline]

This study indicates the amount needed for the basic costs of living without including financial difficulties that most American families find themselves in at this time.

Not the total amount to live comfortably without having financial problems arising, including 20% of income for investments in savings or to accumulate assets.

Furthermore, the study is clearly a response to @chgough34 what was stated that American families have enough liquidity to cover expenses, in addition to creating savings for long-term investments, something that is far from true, which is why the study, he indicates the need for a minimum total to obtain this liquidity, the vast majority of American families do not even reach annual earnings of +US$170,000, let alone US$300,000 in more expensive states.

Even $120k is already in the top 90% percentile

 

[Sinnavuuty]

Even $120k is already in the top 90% percentile

This will depend a lot on the couple's type of employment, but it is quite possible for a family to reach this income, a family with a man and a woman earning US$60,000 each can reach this annual income, but I am sure that the vast majority of families do not even reach this income.

 

[siegecrossbow]

Even $120k is already in the top 90% percentile

But how could the economy be bad if people can buy luxury pineapples that cost 400 dollars?

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