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In 2016 US total income was 16 trillion, US market capitalization was 24 trillion. It looks like people prefer to spend, not to own.
by monort 10y ago
In 2016 US total income was 16 trillion, US market capitalization was 24 trillion.
It looks like people prefer to spend, not to own.
- quickben 10y agoOh yes, people spend. On rent, food, fridge repairs, medical bills, etc. Outside of the down town cores, and few high demand industries, people 'get by'. Having extensively seen both worlds, it seems to me that the richer end is always quicker to say: I just ate a big meal, how can world hunger exist.