Re:We bailed out the banks but we’re not prepared to bail ou...
by harryh on Sunday July 30, 2023 @05:02PM
(#36935943)
Median household income in America is roughly $70,000 per year. That is a roughly 20% real (not nominal!) increase over the past 40 years.
$10/month would represent 0.17% of that income.
Re:We bailed out the banks but we’re not prepared to bail ou...
by voisin on Sunday July 30, 2023 @06:54PM
(#36936860)
Median household income on its own is an irrelevant fact. It is only relevant in context of median household expenses. By the fact that household debt has never been higher, I think my point stands - even people earning $70k/year are living hand to mouth because their expenses have risen to $69,500/year, if not higher.
Re:We bailed out the banks but we’re not prepared to bail ou...
by harryh on Sunday July 30, 2023 @07:35PM
(#36937150)
Household debt has declined significantly over the past 15 years:
The average American has zero savings and is living hand to mouth. If we hadn’t spent the last four decades hollowing out the middle class, maybe people would have the luxury of being able to look past their next paycheck and consider spending extra to avoid ecosystem collapse.