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I am far from the top 5%/1%/.01%, and do not spend more money they I have... Infact for the last 15 years I have made it a point to monthly expenses be less t
by syshum 6y ago
I am far from the top 5%/1%/.01%, and do not spend more money they I have...
Infact for the last 15 years I have made it a point to monthly expenses be less than 50% of my net income, which meant living with family, having room mate, Driving a very old car or doing other things to lower my expenses.
- TAForObvReasons 6y agoparent wrote > The lower 95% spend more money when they have more This isn't saying that the bottom 95% are incurring massive debt or "living beyond means". It's just saying that if you give someone in the bottom 95% an extra $100, they'll likely spend some of that money. If you give Bezos or Gates or Buffett $100, it's such an inconsequential sum to them that it wouldn't change their spending
- triceratops 6y agoYSK: "In fact" is 2 words, not one.