Skull Pilot
Diamond Member
- Nov 17, 2007
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Yeah it is all the fault of poor and middle class. Government, establishment, political parties, capitalism, the ruling class are blameless.This stuff has been true for a long timeThese statistics are claimed to be true:
1. 50% of American wage earners earn less than $30k.
2. 63% of Americans can’t afford a $1,000 emergency.
3. 80% of American workers live pay check to pay check.
4. Since 1973 American productivity has increased by 77%, yet hourly pay has grown by 12%. If the minimum wage was tracked to productivity, it would be over $20 an hour today.
5. 41% of American workers earn less than $12 per hour, with most without employer provided HC.
6. Since 2008 the federal government and the Fed created $26 trillion out of nothing. Was any of this enormous sum spent on infrastructure, public education, universal HC, bail out 5.1 million people who lost their homes?
Not a pretty picture for the poor and middle class. Hopefully things are improving or we are headed for big trouble.
Americans do not save
Do not like to save
LMFAO!
The government establishment, political parties, capitalism, the ruling class never made me spend more than I make
The government establishment, political parties, capitalism, the ruling class never stopped me from saving money
Stop blaming everyone else for your failures
Ok.
1. The ruling class certainly bares responsibility for a number of crappy polities that have made saving harder.
2. Americans are too consumerist and spend to much and save too little.
3. I believe that most number's whining about Americans' poor savings, often don't track 401k, nor pensions.
4. Banks and credit cards are far too predatory and need to be regulated to stop that shit.
No such thing as a predatory credit card. No one is making people spend more than they make.
and now with all the cards that offer cash back people can actually make money using a credit card. We have a card that give 2% back on all our business expenses we charge and we have a personal one that does the same. We get paid over 10K a year in tax free money just for using those cards and paying off the balance every month
And I will say that we have offered a 401 with a match for over 10 years now and this is the very first year we have 100% participation.
Offer a 100% match for the first 3% of income and a 50% match for the next 2% for a maximum match of 4% of income
So to max out the match people have to contribute 5% of their income and most of my employees only save 3%
I try to tell them they are losing money on the match but they say all they want do do is 3%