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Americans spend $1.22 for every dollar they earn Americans spend $1.22 for every dollar they earn
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Old 01-07-2004, 01:16 AM   #1
Ani D
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Americans spend $1.22 for every dollar they earn
This is insane

About 43% of U.S. families spend more than they earn, according to a Federal Reserve study.
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Old 01-07-2004, 01:18 AM   #2
quiet
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many people continue to live beyond their means. consumer culture rules...

apparently it makes for a strong economy ;)
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Old 01-07-2004, 01:26 AM   #3
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With the anticipation of eventual death...
It makes sense does it not?
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Old 01-07-2004, 01:28 AM   #4
Ani D
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Quote:
Originally posted by AlienQ
With the anticipation of eventual death...
It makes sense does it not?
For some, it must.
It has never appealed to me to live outside of my means.
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Old 01-07-2004, 01:31 AM   #5
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It's not really shocking, keeping up with the jones
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Old 01-07-2004, 01:44 AM   #6
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Sounds like my PPC campaigns too. Spend $1.50 to make $1.00
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Old 01-07-2004, 01:51 AM   #7
Vitasoy
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heh gotta love credit companies
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Old 01-07-2004, 02:02 AM   #8
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crazy stats
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Old 01-07-2004, 02:19 AM   #9
acctman
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i'm not part of that percentage... i spend nothing, if i can get it for free i'm all for it =)
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Old 01-07-2004, 02:21 AM   #10
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Spending is good
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Old 01-07-2004, 02:23 AM   #11
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Quote:
Originally posted by quiet
many people continue to live beyond their means. consumer culture rules...

apparently it makes for a strong economy ;)
This helps keep the dollar down and creates a better market for exports - Imported goods will now cost more -
If the interest rates stay low, this will continue and eventually will cause the dollar to fall further in value -
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Old 01-07-2004, 02:25 AM   #12
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god damn,
I save/invest 1 out of every 2 dollars I make
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Old 01-07-2004, 02:28 AM   #13
Ani D
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How long can our economy stay afloat in this rabid debt cycle?
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Old 01-07-2004, 02:30 AM   #14
smproduction
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Quote:
Originally posted by Ani D
About 43% of U.S. families spend more than they earn, according to a Federal Reserve study.
This is not new. The percentage is lower than before (late 90's) but it is normal after the economy slow-down.
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