The Rise and Fall of Middle Class Wealth.

Discussion in 'Politics' started by Spike Trader, Oct 21, 2014.

  1. DHOHHI

    DHOHHI

    #11     Oct 23, 2014
  2. Tsing Tao

    Tsing Tao

    Get the Fed out of the business of keeping interest rates artificially low - as all this does is drive up asset prices (for those that own assets) and hurt the poor. It used to be that the poor and middle class could make decent money by simply keeping their hard earned bucks in a savings account. Whole swaths of the elderly relied on compound interest.

    The Fed destroyed that.
     
    #12     Oct 23, 2014
  3. Ricter

    Ricter

    #13     Oct 23, 2014
  4. DHOHHI

    DHOHHI

    The middle class people I know are doing okay, yes.

    Plenty of people aspire to be middle class and spent beyond their means. When we had the housing market crash there were a lot of people who had bought homes they couldn't afford. Why? Because they wanted granite, 5 BR's, etc.

    I'm old enough to have been raised to buy what you can afford. I laugh at people who don't pay off their credit cards each month. Why would anyone choose to pay interest on a card? If you can't afford something then maybe you shouldn't buy it.

    People have CHOICES in how they spend their $$$.
     
    #14     Oct 23, 2014
  5. dbphoenix

    dbphoenix

    Well, it rated six "ha's" from DickHead so clearly the middle class is doing great.
     
    #15     Oct 23, 2014
  6. Ricter

    Ricter

    Aren't you the guy with five statistics degrees? Or was that GWB... nevermind.
     
    #16     Oct 23, 2014
  7. It's him.
     
    #17     Oct 23, 2014
    Ricter likes this.
  8. DHOHHI

    DHOHHI

    Yeah, I've got 3 math oriented degrees. What does that have to do with the middle class? Or people that are supposedly slipping out of the middle class. Again, we all make choice how we spend or invest our $$$.
     
    #18     Oct 23, 2014
  9. dbphoenix

    dbphoenix

    And yet he can't find the interrelationships among three variables.

    Hmmm.
     
    #19     Oct 23, 2014
  10. Ricter

    Ricter

    Most swans I've seen are black.
    Therefore most swans are black?
     
    #20     Oct 23, 2014