pryderi Suspended 26647 Posts user info edit post |
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 |
LeonIsPro All American 5021 Posts user info edit post |
NOPE.AVI 7/19/2011 2:59:53 PM |
FAI756843 All American 908 Posts user info edit post |
Dude, the bush tax cuts will trickle down, DONT GIVE UP FAITH. 7/19/2011 3:00:17 PM |
ShawnaC123 2019 Egg Champ 46681 Posts user info edit post |
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 |
OldBlueChair All American 5405 Posts user info edit post |
best time to go shopping at Walmart. END OF THE MONTH
shorter lines. less obnoxious people. 7/19/2011 3:01:02 PM |
LeonIsPro All American 5021 Posts user info edit post |
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 |
TKE-Teg All American 43401 Posts user info edit post |
^^^and why should they? They're just following the government's example. 7/19/2011 3:07:14 PM |
wolfpackgrrr All American 39759 Posts user info edit post |
^^ Truth. This news is old news 7/19/2011 3:07:36 PM |
ShawnaC123 2019 Egg Champ 46681 Posts user info edit post |
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 |
LeonIsPro All American 5021 Posts user info edit post |
Like being a meth addict. 7/19/2011 3:28:40 PM |
synapse play so hard 60929 Posts user info edit post |
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 |
stategrad100 All American 6606 Posts user info edit post |
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 15th7/19/2011 4:38:54 PM |
Skack All American 31140 Posts user info edit post |
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 |
PinkandBlack Suspended 10517 Posts user info edit post |
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 |
JBaz All American 16764 Posts user info edit post |
oh how my net worth has diminish to zero in the past few years. 7/19/2011 8:11:47 PM |
chembob Yankee Cowboy 27011 Posts user info edit post |
Quote : | "Median net worth for your age is: $1,475" |
Wow.7/19/2011 8:23:19 PM |
parsonsb All American 13206 Posts user info edit post |
i'm about 3k ahead of the average 7/19/2011 10:18:29 PM |
wwwebsurfer All American 10217 Posts user info edit post |
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 |
Ragged All American 23473 Posts user info edit post |
I'm middle class so this doesn't effect me 7/19/2011 10:51:04 PM |
Spontaneous All American 27372 Posts user info edit post |
affect 7/19/2011 10:57:43 PM |
jackleg All American 170957 Posts user info edit post |
i'll take the onion over dailykos any day!!1 7/19/2011 11:10:50 PM |
merbig Suspended 13178 Posts user info edit post |
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 |
Spontaneous All American 27372 Posts user info edit post |
The dollar store is better. You don't have to get dressed up or anything fancy. 7/20/2011 4:02:38 AM |
Skack All American 31140 Posts user info edit post |
Spontaneous FTW! 7/20/2011 11:50:09 AM |
cain All American 7450 Posts user info edit post |
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 |
vinylbandit All American 48079 Posts user info edit post |
maybe people don't subscribe to your bullshit life plan that requires money for happiness or worth 7/20/2011 1:20:12 PM |
Lavim All American 945 Posts user info edit post |
So does Net Worth include 401k accounts? If not then I'm below 8k still :/ 7/20/2011 1:20:32 PM |
LeonIsPro All American 5021 Posts user info edit post |
^Well then you're worthless.
[Edited on July 20, 2011 at 1:22 PM. Reason : ] 7/20/2011 1:22:20 PM |
GeniuSxBoY Suspended 16786 Posts user info edit post |
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 |
cain All American 7450 Posts user info edit post |
^^^^ 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 |
Mr. Joshua Swimfanfan 43948 Posts user info edit post |
pryderi gets all of his news from DailyKos. 7/20/2011 1:27:21 PM |
PinkandBlack Suspended 10517 Posts user info edit post |
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 |
wolfpackgrrr All American 39759 Posts user info edit post |
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 |
Geppetto All American 2157 Posts user info edit post |
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 |
Spontaneous All American 27372 Posts user info edit post |
Skack FTUW! 7/22/2011 1:54:26 AM |
The E Man Suspended 15268 Posts user info edit post |
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 |
GeniuSxBoY Suspended 16786 Posts user info edit post |
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 |
Spontaneous All American 27372 Posts user info edit post |
Didn't you have like $30,000 in debt like two weeks ago? 7/22/2011 3:35:59 AM |
GeniuSxBoY Suspended 16786 Posts user info edit post |
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 |
Steven All American 6156 Posts user info edit post |
Quote : | "Median net worth for your age is: $8,525" | 7/22/2011 3:45:10 AM |
GREEN JAY All American 14180 Posts user info edit post |
so that's basically a crappy car and the shit in the apartment, eh 7/22/2011 4:13:43 AM |