Re:Why is the stock market rallying when the economy is so bad?
by mlthoughts2018 on Sunday May 10, 2020 @04:57PM
(#23136106)
That’s an average per consumer. It’s likely skewed way up by extreme outliers. Need to see median, 75th percentile, 95th percentile to really understand it. The headline seems like deliberately misleading journalism.
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Re:Why is the stock market rallying when the economy is so bad?
by jandrewrogers on Sunday May 10, 2020 @06:36PM
(#23136972)
Per the US government, the median American household has more than $12,000 per year in cash to burn after all ordinary expenses. That is a lot of money for savings and/or beer.