News for hackers. Stuff that matters.

A comment on We bailed out the banks but we’re not prepared to bail out the planet. Parent comment

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.

[ Parent | on HN ]
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.
[ Parent | on HN ]
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:

https://fred.stlouisfed.org/series/HDTGPDUSQ163N

https://fred.stlouisfed.org/series/TDSP

[ Parent | on HN ]