rofl! It's not an Onion story.

http://www.dailykos.com/story/2011/07/18/995172/-Poor-people-running-out-of-money,-Wal-Mart-suffering?via=siderec

Quote :

"Mike Duke, the CEO of Wal-Mart, describes his customers as “broke” at the end of every month, when they cease to shop at his stores even for essentials until their next government support check comes in. These are “average” Americans, which means they have $10,000 or less in savings to their name, they clearly live paycheck to paycheck, they are burdened with debt, they have absorbed the bulk of the enormous job losses that have occurred in this depression, and if they have a job they haven’t see a real pay increase in over a decade."

Probably should go into the SB, but I thought the headline was pretty funny and had to share.

7/19/2011 2:57:15 PM

NOPE.AVI

7/19/2011 2:59:53 PM

Dude, the bush tax cuts will trickle down, DONT GIVE UP FAITH.

7/19/2011 3:00:17 PM

I'd be willing to bet that at least 85% of Americans have less than 10k in savings.

7/19/2011 3:00:45 PM

best time to go shopping at Walmart. END OF THE MONTH

shorter lines. less obnoxious people.

7/19/2011 3:01:02 PM

Yesterday I went to Walmart and Confucius was in front of me getting all mad that the express checkout was longer. So I was all like, IF YOU DON'T RUNT TO RAIT IN RINE, DON'T GO TO RARART.

7/19/2011 3:06:27 PM

^^^and why should they? They're just following the government's example.

7/19/2011 3:07:14 PM

^^ Truth. This news is old news

7/19/2011 3:07:36 PM

I just think that having less than 10k in savings is hardly the same indicator of a person's economic frailty as some other things.

7/19/2011 3:28:07 PM

Like being a meth addict.

7/19/2011 3:28:40 PM

Quote :

"which means they have $10,000 or less in savings to their name, they clearly live paycheck to paycheck"

what? who wrote this stupid shit?

7/19/2011 3:30:12 PM

Quote :

"best time to go shopping at Walmart. END OF THE MONTH shorter lines. less obnoxious people."

Best place to find a chick willing to fuck you:


the diaper aisle at Wal-Mart on the 1st and 15th

7/19/2011 4:38:54 PM

With regards to ^^

http://cgi.money.cnn.com/tools/networth_ageincome/index.html

Quote :

"Median net worth for your age is: $8,525"

Wow.

[Edited on July 19, 2011 at 4:44 PM. Reason : s]

7/19/2011 4:42:56 PM

I'm pretty sympathetic to their ideology, but JESUS every poster at DailyKos needs to be kicked in the gonads.

7/19/2011 4:52:18 PM

oh how my net worth has diminish to zero in the past few years.

7/19/2011 8:11:47 PM

Quote :

"Median net worth for your age is: $1,475"

Wow.

7/19/2011 8:23:19 PM

i'm about 3k ahead of the average

7/19/2011 10:18:29 PM

Quote :

"Walmart needs some simple rules and they'd see profits return within a month as middle classers start shopping there again. 1) If there are more than 2 buggies in a line, open a new one 2) "Sir, I see you have more than 10 items. Please GTFO of this line with your full buggy." 3) Express lane open 24/7/365"

7/19/2011 10:28:42 PM

I'm middle class so this doesn't effect me

7/19/2011 10:51:04 PM

affect

7/19/2011 10:57:43 PM

i'll take the onion over dailykos any day!!1

7/19/2011 11:10:50 PM

Quote :

"Dude, the bush tax cuts will trickle down, DONT GIVE UP FAITH."

I think there is a clog in the rich people. Better get the poor people to ram a stick through the middle class and unjam it.

7/20/2011 12:03:44 AM

The dollar store is better. You don't have to get dressed up or anything fancy.

7/20/2011 4:02:38 AM

Spontaneous FTW!

7/20/2011 11:50:09 AM

how damn worthless are people that the median net worth of a 29 year old is $8,525. I'm sorry but you just aren't trying to make anything of your life at that point.

7/20/2011 1:17:32 PM

maybe people don't subscribe to your bullshit life plan that requires money for happiness or worth

7/20/2011 1:20:12 PM

So does Net Worth include 401k accounts? If not then I'm below 8k still :/

7/20/2011 1:20:32 PM

^Well then you're worthless.

[Edited on July 20, 2011 at 1:22 PM. Reason : ]

7/20/2011 1:22:20 PM

Quote :

"Median net worth for your age is: $1,475"

I put my son's age of 3.


I think the calculator is bullshittin.............

7/20/2011 1:24:30 PM

^^^^ by bullshit life plan you mean not wanting to be over my head in debt for silly shit and having the funds to ensure i don't end up living under a bridge if an employment market shift craps on me?

And yes 401k counts towards your net worth


It puts 1475 for anyone under 25

[Edited on July 20, 2011 at 1:27 PM. Reason : sdfasd]

7/20/2011 1:25:41 PM

pryderi gets all of his news from DailyKos.

7/20/2011 1:27:21 PM

I'm living the Medium Chill: http://www.grist.org/living/2011-06-28-the-medium-chill

Quote :

"The medium chill involves what economists call satisficing: abandoning the quest for the ideal in favor of the good-enough. It means stepping off the aspirational treadmill, foregoing some material opportunities and accepting some material constraints in exchange for more time to spend on relationships and experiences."

7/20/2011 1:31:03 PM

Quote :

"Median net worth for your age is: $8,525"

Damn, I must be doing alright for myself.

7/20/2011 1:33:15 PM

Quote :

"Dude, the bush tax cuts will trickle down, DONT GIVE UP FAITH."

They have. Low skilled laborers suffer and they will continue to suffer because there isn't a high demand for low skill labor in the US- its not in our comparative advantage. As demand for low skilled labor decreases there is a corresponding downward pressure on salaries for those who perform those jobs. Income and jobs in high-skilled labor continue to grow. Plus, tax cuts help increase government revenue, reducing the need for foreign loans and investment.

Quote :

"I'd be willing to bet that at least 85% of Americans have less than 10k in savings."

I sure hope not since a majority of those would have a mortgage and 2.3 kids. 10k is very little to have set aside. The net worth per age also seems very low but believable.

7/20/2011 2:50:54 PM

Skack FTUW!

7/22/2011 1:54:26 AM

Quote :

"how damn worthless are people that the median net worth of a 29 year old is $8,525. I'm sorry but you just aren't trying to make anything of your life at that point."

Says the person on the internet who was born into all the right opportunities.

7/22/2011 2:17:07 AM

My Net worth is still a small $150,000.
I should be a millionaire by 45 at my current pace.


I hope the country lasts that long.
I hope a million dollars is still worth a million dollars in 15 years.
I hope I still have my health to spend all that dough.

7/22/2011 3:29:03 AM

Didn't you have like $30,000 in debt like two weeks ago?

7/22/2011 3:35:59 AM

Do you guys ever read the ending of a book?

http://www.thewolfweb.com/message_topic.aspx?topic=612576&page=2

[Edited on July 22, 2011 at 3:43 AM. Reason : .]

7/22/2011 3:43:05 AM

Quote :

"Median net worth for your age is: $8,525"

7/22/2011 3:45:10 AM

so that's basically a crappy car and the shit in the apartment, eh

7/22/2011 4:13:43 AM