8 ms·
> people who don't even have that $100 to spare? This country does not consist of 1% super rich and 99% who do not have even $100.
by skookumchuck 9y ago
> people who don't even have that $100 to spare?
This country does not consist of 1% super rich and 99% who do not have even $100.
- rosser 9y agoI don't see where I said it did. You didn't answer my question. EDIT: Forty-some percent of Americans don't have the cash on hand or free credit to handle an unexpected $400 expense. [0] That statistic is almost 3 years old. I doubt it's gone down in that time. [0] http://www.politifact.com/punditfact/statements/2015/jun/09/hunter-schwarz/47-say-they-lack-ready-cash-pay-surprise-400-bill/ http://www.politifact.com/punditfact/statements/2015/jun/09/...
- skookumchuck 9y agoI am addressing the income inequality issue. It doesn't need to apply to 100% of the population to be effective.
- rosser 9y agoHow is a thing which half the population doesn't have the disposable income to participate in "effective" in addressing income inequality?
- skookumchuck 9y agoThe survey is classic selection bias. Anyhow, it does not distinguish between "has no discretionary income" from "spent every dime they have". The latter is a common problem even among higher income folks. People seem to be able to find the funds to buy iphones/booze/drugs/airjordans even down to the lowest levels.