News for hackers. Stuff that matters.

A comment on Joint Statement by the Department of the Treasury, Federal Reserve, and FDIC. Parent comment

Re:Joint Statement by the Department of the Treasury, Federa... by cmiles74 on Monday March 13, 2023 @08:22AM (#35134727)
Who is going to buy them? Most US citizens have less than a month's worth of income in their savings account. I'd be surprised if they enough confidence in their own income to tie even half of that up in war bonds.
[ Parent | on HN ]
Re:Joint Statement by the Department of the Treasury, Federa... by ticviking on Monday March 13, 2023 @10:22AM (#35136090)
Perhaps we'll be forced to accept that we cannot continue to have "endless growth" with a declining workforce. The cost of Labor is going to go up at all levels, and that will mean smaller profits and more inflation until things stabilize and enough of us are incentivized to do productive work.
[ Parent | on HN ]
Re:Joint Statement by the Department of the Treasury, Federa... by jandrewrogers on Monday March 13, 2023 @10:42AM (#35136323)
Many (most?) Americans have no savings account. Not because they are poor but because a savings account is largely an obsolete anachronism. The common tactic of conflating "savings" with "having a savings account" is intentionally misleading.

Per the US government, the median US household has $1000/month they could invest after all ordinary expenses.

[ Parent | on HN ]
Re:Joint Statement by the Department of the Treasury, Federa... by mtrower on Tuesday March 14, 2023 @06:14PM (#35159771)
What?? This does not seem to match what I’ve heard from the government before.

What do they claim the median household income at?

[ Parent | on HN ]