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99th percentile for stupidity is what you meant to say.This was near the top of the Yahoo News Finance feed this morning.
99% of Americans to be worse off in 2024
The majority of Americans have burned through their excess savings piled up during the COVID-19 pandemic, and in the coming months, JPMorgan says it is likely that almost everyone will be worse off financially than they were in 2019.
- JPMorgan said the vast majority of Americans have burned through excess savings.
- It's likely that all but the top 1% of consumers will be worse off financially in mid-2024 than they were pre-pandemic, the bank said.
- BofA wrote this month that elder millennials face a particularly tough set of circumstances.
In a Thursday note, the bank's top stock strategist Marko Kolanovic said 80% of consumers, a group that accounts for nearly two-thirds of consumption, has already depleted any savings cushion they may have built during lockdowns.
"It is likely that only the top 1% of consumers by income will be better off than before the pandemic," Kolanovic wrote, pointing to the growing signs of credit card and auto loan delinquencies, as well as Chapter 11 filings.
It's comforting to know that nearly everyone here is in the 1%.
Well if a rich guy that never has to worry about money says so...
You've always been a sucker for self reporting polls. No wonder you're such a rube.62% of Americans are living paycheck to paycheck, as holiday spending, credit card debt rise
As the holiday season kicks into high gear, 62% of adults say they are living paycheck to paycheck, according to a recent report.www.cnbc.com
In Iowa? No that's not true.Anyone who lived through Jimmy Carter’s stagflation really appreciated Reagonomics…
Thank goodness their wages are up.People with money invested in the market are doing well right now, but people living from paycheck to paycheck have taken a hit from inflation,... That's the disconnect.
What are you championing? Debt forgiveness? Full-time jobs created by the government?
Does that quote really seem.like a success to you? Does touting 'jobs' that are part time jobs seem entirely honest to you? Does this economy and youe day to day life feel like the BS the Whitehouse is trying to sell, if you are being honest?What are you championing? Debt forgiveness? Full-time jobs created by the government?
We get that American success under Joe Biden makes you cranky, but cranky isn’t really a position.
Does this economy and youe day to day life feel like the BS the Whitehouse is trying to sell, if you are being honest?
Sorry for your troubles.
I'm in no troubles mate. I'm accelerating while others are bogged down. That's been my life motto, attack the hills. IF, and it's fair to call that an IF at this point, I achieve my goal I will go from a low income household to owning my own business with the ability to hand off generational wealth to my child. I'm very lucky to have the work ethic I have, the ability I have, the stamina I have, and the wife I have that sees my perseverance. No need to be sorry for me.Sorry for your troubles.
Neat.I'm in no troubles mate. I'm accelerating while others are bogged down. That's been my life motto, attack the hills. IF, and it's fair to call that an IF at this point, I achieve my goal I will go from a low income household to owning my own business with the ability to hand off generational wealth to my child. I'm very lucky to have the work ethic I have, the ability I have, the stamina I have, and the wife I have that sees my perseverance. No need to be sorry for me.
I've already beat the odds going from where I started to where I am, and I'm only beginning.
I'm working 4 jobs for a plan that I originally created with 3.Neat.
So Biden hasn’t been able to hold you back.
Sounds like you’re bemoaning not having enough money and blaming Joe Biden.I'm working 4 jobs for a plan that I originally created with 3.
My lowest income position, refing soccer, pays 40 per hour. (60 per 90 min)
If you have children there is zero way you have not felt the negative impact of bidens policies.
I paid my loans off by myself, even posted it the day I did so, and you are several years older than I am Bill.Two children. Which policy of Biden’s should I have felt the impact of?
Be specific. What SHOULD Biden’s policy be for one that’s screwing you especially hard?
I’ll say that not having to make student loan payments was a terrific help while it lasted. I’ve only the cocksucking republicans to blame for that coming to an end. Thanks a lot, Brandon.
It’s really f*cking creepy when you use my name and whatever point you’re trying to make is lost on me.I paid my loans off by myself, even posted it the day I did so, and you are several years older than I am Bill.
Well let's see, inflation is through th absolute roof YOY due to giving away free money. Start with that.
Yes I have and I would encourage you to ededucate yourself on those figures. America isn't leading shit. Remember, much of the world is based off the US dollar.It’s really f*cking creepy when you use my name and whatever point you’re trying to make is lost on me.
So the specific policy is giving away free money. Doesn’t sound official. And inflation isn’t through the roof, sorry to say. Have you seen how America stacks up against the rest of the world on inflation?
Well let's see, inflation is through th absolute roof YOY due to giving away free money. Start with that.
Actual facts dispute your incorrect opinion here.America isn't leading shit.
Show the numbers.Actual facts dispute your incorrect opinion here.
LOL. You types always have to push it too far. My God you're full of shit. 27K plus posts just with this handle in the last 4 years, let alone who else you are on this board and elsewhere.I'm working 4 jobs for a plan that I originally created with 3.
My lowest income position, refing soccer, pays 40 per hour. (60 per 90 min)
If you have children there is zero way you have not felt the negative impact of bidens policies.
Not that you can read graphs or anything...Show the numbers.