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Economy

Farmer-Rick

(11,516 posts)

10. But here's the thing

Reply to progree (Reply #9)

Wed Jul 6, 2022, 09:11 PM

Jul 2022

I save $1 you save $10 and Bezo saves $10,000 in one day. That makes our average savings $3,337 in one day but who actually saved more than $1,000? Not you or me.

Averages are deceiving. They can hide scewed data. When the filthy rich pocket our tax dollars, they make it look like everyone in the US is doing just fine. And that's what they want you to believe.

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wsj.com: Americans Tap Pandemic Savings to Cope With Inflation [View all] mahatmakanejeeves Jul 2022 OP

We're cutting back on what we purchase. CrispyQ Jul 2022 #1

How convenient Magoo48 Jul 2022 #2

Why is this a story? snowybirdie Jul 2022 #3

Because Rupert Murdoch is paying me to post it. NT mahatmakanejeeves Jul 2022 #4

This message was self-deleted by its author mahatmakanejeeves Jul 2022 #5

Huge Pile of Savings????????? Farmer-Rick Jul 2022 #6

Here's the Personal Savings Rate according to BEA by way of FRED progree Jul 2022 #7

So, it includes people like Bill Gates, Zuckerberg, Walmart and the Koch Bros Farmer-Rick Jul 2022 #8

Yup. And so... progree Jul 2022 #9

But here's the thing Farmer-Rick Jul 2022 #10

Oh I know. I'm sure the top 10% got well over half of it /nt progree Jul 2022 #11