2 ms·
I think you should look at how much over the median household income you are and then go find out what those people are doing.
by astrange 3y ago
I think you should look at how much over the median household income you are and then go find out what those people are doing.
- mberning 3y agoThe evidence would suggest that people making a median income are up to their eyeballs in debt, particularly credit card debt, and have very little hope of their situation improving in the future.
- astrange 3y agoI don't believe it does show that in 2023. Do you have a source that's better than a Bankrate survey? (FRED charts are the most reliable.) Things like this are "okay": https://www.stlouisfed.org/institute-for-economic-equity/the-state-of-us-wealth-inequality https://www.stlouisfed.org/institute-for-economic-equity/the... And of course, the poorest people in the country are non-workers (the elderly and children) who are probably not in debt, but have other problems. Should bring back the CTC and fix child poverty again.