PurityOfEssence
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Tue Aug-02-05 11:15 PM
Response to Reply #1 |
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We'll fall apart just like the Dutch did, too. They screwed themselves up so thoroughly most people don't even know what a powerhouse they once were.
It's things like this that get me involved in inane threads where people are insulting others for saying that history repeats itself.
Another crazy measure is the types of vehicles people drive; you just know they're struggling with whopper payments and certainly didn't actually BUY the damned things.
Sigh.
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| -CNN: The zero-savings problem ("saving rate at zero - that's right, nada") |
DeepModem Mom |
Aug-02-05 10:32 PM |
#0 |
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Tulips! Get your tulips here! |
Art_from_Ark |
Aug-02-05 10:41 PM |
#1 |
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Ya got that right. |
PurityOfEssence |
Aug-02-05 11:15 PM |
#4 |
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funny you should mention the vehicles they drive. |
dweeb |
Aug-03-05 12:05 AM |
#6 |
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I drive a Honda Civic and don't even like war movies |
osaMABUSh |
Aug-03-05 12:17 AM |
#8 |
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But look at them now |
raccoon |
Aug-03-05 08:33 AM |
#17 |
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Good point. Article says one of two ways people finance deficit spending |
1932 |
Aug-03-05 09:51 AM |
#27 |
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Don't even get me started on cars. |
girl gone mad |
Aug-03-05 06:41 PM |
#49 |
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2 cars, both cash. |
missb |
Aug-03-05 07:24 PM |
#54 |
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We have 2 vehicles |
ninkasi |
Aug-03-05 07:42 PM |
#56 |
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I don't understand. |
Dora |
Aug-04-05 11:48 AM |
#68 |
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I have a Princess Di beanie, third edition |
Changenow |
Aug-03-05 10:43 AM |
#32 |
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at least you can eat the bulbs if things get really bad |
Lisa |
Aug-03-05 01:58 PM |
#37 |
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I've been able to save some money for when I find a new job |
high density |
Aug-02-05 10:49 PM |
#2 |
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The article says retirement savings are counted as savings even though |
1932 |
Aug-02-05 10:53 PM |
#3 |
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no you are misunderstanding |
pitohui |
Aug-03-05 10:10 AM |
#30 |
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Check the article. |
1932 |
Aug-03-05 05:58 PM |
#48 |
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interest rates are low |
pitohui |
Aug-04-05 12:31 PM |
#76 |
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I don't think it's investor intelligence that is making home prices rise. |
1932 |
Aug-04-05 05:25 PM |
#84 |
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The bling culture |
fortyfeetunder |
Aug-02-05 11:59 PM |
#5 |
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Greenspan! |
KT2000 |
Aug-03-05 12:10 AM |
#7 |
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Wow. Imagine what all these folks could do with... |
Hekate |
Aug-03-05 01:41 AM |
#9 |
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Somehow, the government gets away with saying there's no inflation |
aint_no_life_nowhere |
Aug-03-05 02:40 AM |
#10 |
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It is not inflation if they don't devalue the currency |
WannaJumpMyScooter |
Aug-03-05 06:34 AM |
#16 |
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Neocons like it because it means that banks are not holding back that |
applegrove |
Aug-03-05 02:49 AM |
#11 |
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if people begin saving then companies will not make their profits |
kodi |
Aug-03-05 03:01 AM |
#12 |
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It's okay to be illiquid when credit markets are too easy |
teryang |
Aug-03-05 05:33 AM |
#13 |
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An average U.S. household net worth of $400K+? |
sadiesworld |
Aug-03-05 06:16 AM |
#14 |
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Exactly.... |
sendero |
Aug-03-05 06:33 AM |
#15 |
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in this case, the wrong statistic |
central scrutinizer |
Aug-03-05 05:28 PM |
#44 |
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Median in 2002 from one source is 59, 706(adj), anyone have a later no.? |
FreeStateDemocrat |
Aug-04-05 12:37 PM |
#78 |
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The median net worth of all U.S. households is $100,894 - Aug. 20, 2004 |
FreeStateDemocrat |
Aug-04-05 12:56 PM |
#81 |
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And on top of that... |
architect359 |
Aug-03-05 09:25 AM |
#20 |
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Most of that is inflated real estate value |
endarkenment |
Aug-04-05 10:01 AM |
#65 |
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Can someone please explain to me how it works |
Coventina |
Aug-03-05 09:04 AM |
#18 |
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i can explain |
pitohui |
Aug-03-05 09:57 AM |
#28 |
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The one time exclusion |
Moondog |
Aug-03-05 02:58 PM |
#38 |
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even better! |
pitohui |
Aug-03-05 03:24 PM |
#40 |
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401k contributions are included in the BEA calculation of the savings rate |
snippy |
Aug-03-05 07:27 PM |
#55 |
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NO the bank owns most of those homes until mortage is paid.... |
ElsewheresDaughter |
Aug-03-05 09:12 AM |
#19 |
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Add to that |
SOS |
Aug-03-05 10:59 AM |
#33 |
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not true at all |
pitohui |
Aug-03-05 03:32 PM |
#42 |
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Just bought a co-op unit, first home, on the same logic |
AuntJen |
Aug-03-05 07:43 PM |
#57 |
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Spendthrift nation |
leftchick |
Aug-03-05 09:42 AM |
#21 |
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I blame Bush |
livetohike |
Aug-03-05 09:42 AM |
#22 |
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I wanted to open a savings account |
catmandu57 |
Aug-03-05 09:43 AM |
#23 |
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3.15 % interest rate on savings |
pitohui |
Aug-03-05 09:49 AM |
#26 |
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Nationalize the credit card industry... |
SteppingRazor |
Aug-03-05 09:44 AM |
#24 |
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I like the way you think. |
redqueen |
Aug-03-05 11:21 AM |
#36 |
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But seriously folks... |
SteppingRazor |
Aug-03-05 09:48 AM |
#25 |
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this is the core problem |
pitohui |
Aug-03-05 10:03 AM |
#29 |
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illegal immigrants are not stealing good jobs at high pay. |
endarkenment |
Aug-04-05 12:12 PM |
#72 |
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sure they are |
pitohui |
Aug-04-05 12:24 PM |
#75 |
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You don't have to buy a house |
LisaM |
Aug-03-05 03:11 PM |
#39 |
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Back in the 50s, men were buying houses for their families.... |
tjdee |
Aug-03-05 08:49 PM |
#60 |
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This has always puzzeled me. |
mccoyn |
Aug-04-05 01:21 PM |
#82 |
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No, but |
Dora |
Aug-04-05 11:53 AM |
#69 |
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Especially when Rick Sphinctorum tells us women shouldn't work |
hatrack |
Aug-03-05 05:46 PM |
#47 |
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I hate to be a wet blanket.. |
sendero |
Aug-03-05 08:38 PM |
#59 |
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No offense, but how long has it been since you "first started out?" |
shrike |
Aug-04-05 10:22 AM |
#66 |
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My point is simpler than that.. |
sendero |
Aug-04-05 11:40 AM |
#67 |
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While I can't argue with that |
shrike |
Aug-04-05 12:37 PM |
#77 |
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On that.. |
sendero |
Aug-04-05 12:41 PM |
#80 |
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Use to be start at bottom & workup now most dead end jobs w/o hope. |
FreeStateDemocrat |
Aug-04-05 06:48 PM |
#85 |
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where do you find $3K cars? |
pitohui |
Aug-04-05 12:05 PM |
#70 |
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I'm in the car business.. |
sendero |
Aug-04-05 03:56 PM |
#83 |
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No, but it's hard |
zipplewrath |
Aug-04-05 12:40 PM |
#79 |
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No incentive |
wrlwnd |
Aug-03-05 10:31 AM |
#31 |
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what bank fees? |
pitohui |
Aug-03-05 03:25 PM |
#41 |
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I don't know where you are or |
jbnow |
Aug-03-05 06:58 PM |
#52 |
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a well-off neighborhood in the southeast |
pitohui |
Aug-04-05 12:12 PM |
#71 |
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Might even be safer too, |
Megahurtz |
Aug-05-05 07:14 PM |
#87 |
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No savings here: medical bills wiped me out |
Lorien |
Aug-03-05 11:16 AM |
#34 |
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I save 12.5% |
midnight armadillo |
Aug-03-05 11:17 AM |
#35 |
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I'm a saver......I will not spend unless I have the money to back it up. |
Historic NY |
Aug-03-05 05:15 PM |
#43 |
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Not sure how they figure that. I know plenty of people with actual savings |
progressivebydesign |
Aug-03-05 05:36 PM |
#45 |
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Americans stock up to save more! |
zara |
Aug-03-05 05:43 PM |
#46 |
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What if it turns out that the wise people are the ones.... |
olddad56 |
Aug-03-05 07:19 PM |
#53 |
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yes it happened in the late 70s also |
pitohui |
Aug-04-05 12:13 PM |
#73 |
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smart posts--but the mania contributes to the inflation, no? |
zara |
Aug-05-05 11:49 AM |
#86 |
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Oh, I thought the tax cuts were supposed to help our economy! |
Daphne08 |
Aug-03-05 06:43 PM |
#50 |
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The tax cuts have helped, they have helped the rich get richer..... |
olddad56 |
Aug-03-05 06:52 PM |
#51 |
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Less in savings, less money to loan |
AuntJen |
Aug-03-05 08:02 PM |
#58 |
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The Federal Reserve is a private bank it is not part of the US Government |
loftycity |
Aug-04-05 01:31 AM |
#61 |
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Hey, what's the problem? I'll |
mbperrin |
Aug-04-05 01:42 AM |
#62 |
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of course people are not stupid |
pitohui |
Aug-04-05 12:20 PM |
#74 |
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During the next decade there will be a record number of bankruptcies, |
Seabiscuit |
Aug-04-05 02:11 AM |
#63 |
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This is what happens when corporations take over the government |
Rex |
Aug-04-05 02:26 AM |
#64 |
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