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Not that I disagree with the idea but do you have evidence that the average person is actually increasing spending every time they get a raise?
by jimbofisher1 8y ago
Not that I disagree with the idea but do you have evidence that the average person is actually increasing spending every time they get a raise?
- AnimalMuppet 8y agoAn individual employee may do almost anything. But most of them won't decrease spending when given a raise. Some may spend exactly the same as before. The rest will spend more. Do those who spend more outnumber those who spend less? I have no data, but I would be astonished if those who spent less outweighed those who spent more.
- jimbofisher1 8y agoSure and I basically agree with that. But saying that the actual Average person is spending nearly 100% of any income gains is a pretty bold claim.
- AnimalMuppet 8y agoThat's not a claim that I make, nor one that I think is relevant. What would I do with more income? Well, I'd probably save some of it, use some of it to pay down debt, and spend some of it. I don't have to be spending 100% of my current income for that to be true.
- jimbofisher1 8y agoYou must be lost. OP made precisely that claim... >The average person spends almost exactly as much as they make as income rises.