Quote:
Originally posted by Gattigap
Well, if (1) studies in which participants say they live from paycheck to paycheck doesn't support it, and (2) studies showing the savings rate being in the low single digits doesn't support it, then what would?
Or, again, is it your contention that it's impossible to generate data that supports it?
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No, the data type that AG set out would be the proper means to support this assertion, if it were true. My point is that, when you chart out the savings rates for the last twenty years, there's not a whole lot of variance. We have been, for years, a poorly-saving society. There's always a big dip in savings rate ofter market crashes, as people stop thinking that savings are a good use for money, but what I saw on AG's chart does NOT support "the vast majority" . . .
Keep in mind, the statement I'm reacting to is, "the vast majority of americans are living paycheck to paycheck".
(Now someone will post about how horrible it is to not have spare money, and how that fact alone proves Wonks point.)
