How do you figure that our situation is worse ?
Obvious doesn't need to be argued.
How do you figure that our situation is worse ?
BullshitLol..Wall Street is not Main street.
Maybe to you.Obvious doesn't need to be argued.
About 60% of the US has stock in a retirement account (401k or similar).For anyone in the market it is. My son bought in on the dip and I’ll bet his market backed CD is doing well. He just bought his first new car as well. It all translates into jobs or money in someone’s pocket some way.
The economic signs are bad because people are stupid. They over bought and over spent. My 22 year old done just bought a $41,000 car and his payments are $350/month for 5 years. $1,500 in interest is all he will pay. I’ll bet it’s paid in 30 months or less. He got a great deal and a great trade in. The kid had over $20,000 saved and hasn’t worked consistently ever except this last year but only 10-12 hours a week. His last internship was unpaid or he’d have about $30,000. That’s more than most I know my age. People are stupid and can’t budget or plan.
I make more than most I know but I spend less than most that make less than me. Instead of buying boats, vacations, extra cars, fancy clothes, drinks, weed, and I could go on, I invested in my kids education for the last few years. My son has about $20,000 in loans and he will be debt free in under 5 years that includes the time getting his masters degree.
After he graduates he will lay me rent. I will keep half and return half when he buys a house but he will not know this.
Yes you are talking retirement. Unfortunately More than 70% of the Country lives paycheck to paycheck. Heating/Cooling, Rent, Gas, Groceries... Thru the roof! That is Mainstreet!About 60% of the US has stock in a retirement account (401k or similar).
For the majority of people the stock market *is* main street. It's not just "the rich".
If 60% of Americans have a retirement account, then 60% of them have a direct interest in the stock market.Yes you are talking retirement. Unfortunately More than 70% of the Country lives paycheck to paycheck. Heating/Cooling, Rent, Gas, Groceries... Thru the roof!
Yeah sure, Tell that to people on Mainstreet! lolIf 60% of Americans have a retirement account, then 60% of them have a direct interest in the stock market.
The price of groceries and gas doesn't factor into that at all.
The ones with their retirement tied up in the stock market ?Yeah sure, Tell that to people on Mainstreet! lol
Just curious - do the people on main Street live on the underside of the flat earth?Yeah sure, Tell that to people on Mainstreet! lol
The ones with their retirement tied up in the stock market ?
I want to know if the Moon is flat, too. And the other planets. And the Sun. The stock market sure hasn’t been flat this week, though.Just curious - do the people on main Street live on the underside of the flat earth?
Cliffnotes? I don't have X on my computer.
Robin
It's Friday, you have no say in what is going on anywhere, same same different day.Cliffnotes? I don't have X on my computer.
Robin
The discussion was about the stock market.What about their retirement? That hinges on how well one invested. Gas, Groceries, heating not so much. BTW, 401k's are a shame as they hold your own money hostage. Same hold true for S.S.
Retirement matters to Main Street and people living paycheck to paycheck after they retire.Yes you are talking retirement. Unfortunately More than 70% of the Country lives paycheck to paycheck. Heating/Cooling, Rent, Gas, Groceries... Thru the roof! That is Mainstreet!
Yes it matters but young people with families are much more concerned about the gas, eggs etc. I hear it all the time with the young folks at work.Retirement matters to Main Street and people living paycheck to paycheck after they retire.
Absolutely. Now ask them what they paid for their house, their cars, what they did with their furloughed student loan payment money, how much they spend on fancy beers and going out to eat every weekend.Yes it matters but young people with families are much more concerned about the gas, eggs etc. I hear it all the time with the young folks at work.
Oh I agree it's what you spend no doubt. Problem is your Dollar is being devalved as we speak. When all things go up in expense all at once that is the weaking dollar.Absolutely. Now ask them what they paid for their house, their cars, what they did with their furloughed student loan payment money, how much they spend on fancy beers and going out to eat every weekend.
I get it costs are high, it sucks, I complain about it as well. I make good money and work hard, but I spend way less than many others. It’s not what you make but it’s what you spend.
I know people that make half what I make and have two newer cars than I do, a $65,000 boat, go on $15,000-$20,000 a year vacations, have hot tubs and more. I can tell you they have nothing saved, no retirement, nothing. Their kids got vacations but now they can’t afford car insurance or cars and can’t get jobs. They can’t afford college either. Is that the parents responsibility? No, but I can assure my kids are and will be better off than they will.
Ask those you know what they spend their money on and it will all soon make sense to you.
I read 3 destroyers were attempting to enter the straights and came under intense heavy fire , where one ship was hitHopefully it's not accurate, but there are Internet rumors a US ship was hit yesterday that's what made Trump choose to retaliate and launch a strike.
Will post and share if anything somewhat credible is out there.