A place to discuss all things ADM
#5401
Race Car
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It's shocking just how financially illiterate people are when it comes to basic supply and demand concepts.
Lot's of conflated claims have been made here, repeatedly only looking at one side of the equation or comparing the spending habits of much richer people to those that are on the margin.
#5402
Burning Brakes
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So what’s it going to take to change the spending habits of ‘rich people’?
#5403
Race Car
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The world consumer is much different from 2012, let alone 2007.
The amount of people making over $250k a year is tremendous, and I can’t even quantify the high incomes of 18-40 year olds that earn a fortune from social.
Just an assumption, but the way to be a baller in 2007 was to own a legacy business, or white collar executive.
The amount of people making over $250k a year is tremendous, and I can’t even quantify the high incomes of 18-40 year olds that earn a fortune from social.
Just an assumption, but the way to be a baller in 2007 was to own a legacy business, or white collar executive.
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AlexCeres (03-29-2023)
#5404
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The world consumer is much different from 2012, let alone 2007.
The amount of people making over $250k a year is tremendous, and I can’t even quantify the high incomes of 18-40 year olds that earn a fortune from social.
Just an assumption, but the way to be a baller in 2007 was to own a legacy business, or white collar executive.
The amount of people making over $250k a year is tremendous, and I can’t even quantify the high incomes of 18-40 year olds that earn a fortune from social.
Just an assumption, but the way to be a baller in 2007 was to own a legacy business, or white collar executive.
#5405
Burning Brakes
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The world consumer is much different from 2012, let alone 2007.
The amount of people making over $250k a year is tremendous, and I can’t even quantify the high incomes of 18-40 year olds that earn a fortune from social.
Just an assumption, but the way to be a baller in 2007 was to own a legacy business, or white collar executive.
The amount of people making over $250k a year is tremendous, and I can’t even quantify the high incomes of 18-40 year olds that earn a fortune from social.
Just an assumption, but the way to be a baller in 2007 was to own a legacy business, or white collar executive.
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#5406
Burning Brakes
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AlexCeres (03-29-2023)
#5407
Race Car
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AlexCeres (03-29-2023)
#5408
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#5409
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Of the 4,000 surveyed, where do they live, where $250k+ doesn't go far. At the end of the article, it says roughly 1 out of 10, "reported issues covering all their household expenses in April."
If the IRS data provided by @DodoBird is accurate, there's over 8 million households making over $200k. I don't think a sample size of 4,000 is an accurate representation. The money supply increases around 7% per year according to Nasdaq but what is it, like 40% of the money supply was created in the last two years? Given that data, it almost has to hold true that there are more people that make over $200k, even if it buys less currently due to inflation. Well, either more people make $200k+, or it went to those in the $1 million+ households.
If the IRS data provided by @DodoBird is accurate, there's over 8 million households making over $200k. I don't think a sample size of 4,000 is an accurate representation. The money supply increases around 7% per year according to Nasdaq but what is it, like 40% of the money supply was created in the last two years? Given that data, it almost has to hold true that there are more people that make over $200k, even if it buys less currently due to inflation. Well, either more people make $200k+, or it went to those in the $1 million+ households.
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#5410
RL Community Team
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The world consumer is much different from 2012, let alone 2007.
The amount of people making over $250k a year is tremendous, and I can’t even quantify the high incomes of 18-40 year olds that earn a fortune from social.
Just an assumption, but the way to be a baller in 2007 was to own a legacy business, or white collar executive.
The amount of people making over $250k a year is tremendous, and I can’t even quantify the high incomes of 18-40 year olds that earn a fortune from social.
Just an assumption, but the way to be a baller in 2007 was to own a legacy business, or white collar executive.
People need to deal with that "new normal"
#5412
Instructor
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Or, if you consider the other side of the looking glass… I would say the last cycle of economic growth (at least the duration of) is also almost entirely artificial, and ironically, ‘engineered by the fed’.
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EMdoc (03-30-2023)
#5413
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If I'm interpreting it correctly (maybe not), according to this calculator, 93th percentile is $200k in 2012 and $250k in 2022.
https://dqydj.com/household-income-by-year/
https://dqydj.com/household-income-by-year/
#5414
Rennlist Member
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Sure there are people here smarter with markets than myself but this is pretty obvious. The COVID bump is massive.
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#5415