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> The bottom 40% of earners spend more than they make in a given year. This stat presumably includes people who are retired, people who are dependents (e.g. on
by KerrickStaley 9y ago
> The bottom 40% of earners spend more than they make in a given year.
This stat presumably includes people who are retired, people who are dependents (e.g. on a parent), and people who are on welfare. I don't think you can conclude much without breaking that down further.
- qwerty2020 9y agoDoes not include dependents, groups into families. May include retirees though I could not verify this either. (you're welcome to dig through the data linked in the article yourself, let me know if you find anything). I think the general point would still stand even excluding retirees, but agree that would be a more telling cut of data.
- deleted 9y ago[deleted]