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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.
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.