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> Approximately 159 million economic impact payments, totaling more than $376 billion, have gone out to eligible recipients in the last month — and the majority

> Approximately 159 million economic impact payments, totaling more than $376 billion, have gone out to eligible recipients in the last month — and the majority of that money continues to be spent on groceries, rent and other monthly bills, according to a new survey released Wednesday. [1] The vast majority of the stimulus money was spent on bills, not frivolity. [1] https://www.nbcnews.com/business/business-news/how-are-stimulus-checks-being-spent-two-thirds-recipients-say-n1264035 https://www.nbcnews.com/business/business-news/how-are-stimu...

melenaboija 5y ago
Also is even painful to me to think about frivolities and how people spend money when seeing things like this. “Lamborghini had its most profitable year ever during the coronavirus pandemic”[1] Each of this cars may be something like 5 years of average salary in US. [1] https://europe.autonews.com/automakers/lamborghini-had-its-most-profitable-year-ever-during-coronavirus-pandemic https://europe.autonews.com/automakers/lamborghini-had-its-m...
- lostlogin 5y ago
  Surely the much smaller individual sums spent on something like Xbox consoles is far greater in the aggregate than a few Lambos? As soon as you get into rating the worthiness of a spend it becomes a bit puritanical. The ironic thing is that I mostly agree with you, but judging others ‘wasted’ spend is too slippery a slope to go down.
  - melenaboija 5y ago
    Yup, I agree with you too and to me the slippery part is to talk about ratios. Definitely absolute values have a meaning to me, otherwise would not make sense to talk about billionaires and non billionaires and a better classification would be starving and non starving people.
  - claudiulodro 5y ago
    Interestingly according to the above article, Lamborghini had $1.93B in revenue on 7430 cars, while it appears XBox had total hardware revenue of $2.29B in 2020. A handful of Lambos does seem to be worth thousands of consoles!

melenaboija 5y ago

Also is even painful to me to think about frivolities and how people spend money when seeing things like this. “Lamborghini had its most profitable year ever during the coronavirus pandemic”[1] Each of this cars may be something like 5 years of average salary in US. [1] https://europe.autonews.com/automakers/lamborghini-had-its-most-profitable-year-ever-during-coronavirus-pandemic https://europe.autonews.com/automakers/lamborghini-had-its-m...

lostlogin 5y ago
Surely the much smaller individual sums spent on something like Xbox consoles is far greater in the aggregate than a few Lambos? As soon as you get into rating the worthiness of a spend it becomes a bit puritanical. The ironic thing is that I mostly agree with you, but judging others ‘wasted’ spend is too slippery a slope to go down.
- melenaboija 5y ago
  Yup, I agree with you too and to me the slippery part is to talk about ratios. Definitely absolute values have a meaning to me, otherwise would not make sense to talk about billionaires and non billionaires and a better classification would be starving and non starving people.
- claudiulodro 5y ago
  Interestingly according to the above article, Lamborghini had $1.93B in revenue on 7430 cars, while it appears XBox had total hardware revenue of $2.29B in 2020. A handful of Lambos does seem to be worth thousands of consoles!