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Old 04-13-2019, 07:21 PM
 
20,955 posts, read 8,605,339 times
Reputation: 14048

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MAGA!
https://www.bloomberg.com/news/artic...-the-pinch-too

"The cost of many products and services the upper middle class buys, from autos to college educations, is outpacing overall inflation. While having access to credit, these households are increasingly tapping into costlier forms of debt."

Ah, the King of Debt probably likes that. Wait until more tariffs kick in.....!!!

"Company ownership, equity shares in both public and private firms, has been sliding for the upper middle class too. The share of equity ownership for those in the 50th percentile to the 90th percentile of net worth has fallen. The top one percent of Americans owns the majority of shares."

Ah, as it should be. Bow to the Kings!

BTW, for those of you who think "I have it good, I'm in or near the top 1%"......that would be a net worth of about 11 Million dollars or more. If any regular cruisers of this forum are in that category, they should be here for entertainment.
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Old 04-13-2019, 08:59 PM
 
623 posts, read 232,478 times
Reputation: 397
I ain't suffering. No one I know is suffering. We are all doing quite well thank you. The Fed is the LAST person I would believe.
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Old 04-13-2019, 09:02 PM
 
Location: Texas
37,939 posts, read 17,772,517 times
Reputation: 10366
Quote:
Originally Posted by craigiri View Post
MAGA!
https://www.bloomberg.com/news/artic...-the-pinch-too

"The cost of many products and services the upper middle class buys, from autos to college educations, is outpacing overall inflation. While having access to credit, these households are increasingly tapping into costlier forms of debt."

Ah, the King of Debt probably likes that. Wait until more tariffs kick in.....!!!

"Company ownership, equity shares in both public and private firms, has been sliding for the upper middle class too. The share of equity ownership for those in the 50th percentile to the 90th percentile of net worth has fallen. The top one percent of Americans owns the majority of shares."

Ah, as it should be. Bow to the Kings!

BTW, for those of you who think "I have it good, I'm in or near the top 1%"......that would be a net worth of about 11 Million dollars or more. If any regular cruisers of this forum are in that category, they should be here for entertainment.
Ah you didn't post anything of substance.
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Old 04-13-2019, 09:03 PM
 
Location: Lee County, NC
3,317 posts, read 2,313,823 times
Reputation: 4382
I guess I must be in the top 10%. Awesome!
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Old 04-13-2019, 09:08 PM
 
Location: Panama City, FL
3,536 posts, read 1,696,412 times
Reputation: 1399
I believe it. I know suicides and people seeking psychiatric care are up. Not surprising when you have a horrible President that is in your face everyday lying and acting like a moron. People do not feel safe or secure because they are worried about the fact that a psychopath has his finger on the nuclear button. I'm pretty sure he is going down though. His children likely have sealed indictments against them for money laundering and other crimes. Those will be brought by the state of New York when Trump is out of power. He is a life-long con-man/thief who taught his children his CRAFT.
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Old 04-13-2019, 09:09 PM
 
Location: Houston
26,979 posts, read 15,824,842 times
Reputation: 11259
My equity ownership is increasing every year. Most people can accomplish this through a 401k.
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Old 04-13-2019, 09:09 PM
 
623 posts, read 232,478 times
Reputation: 397
Quote:
Originally Posted by RainMusic View Post
I believe it. I know suicides and people seeking psychiatric care are up. Not surprising when you have a horrible President that is in your face everyday lying and acting like a moron. People do not feel safe or secure because they are worried about the fact that a psychopath has his finger on the nuclear button. I'm pretty sure he is going down though. His children likely have sealed indictments against them for money laundering and other crimes. Those will be brought by the state of New York when Trump is out of power. He is a life-long con-man/thief who taught his children his CRAFT.
That's just leftists dealing with TDS....some just can't grasp reality.
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Old 04-13-2019, 09:09 PM
 
26,694 posts, read 14,495,508 times
Reputation: 8094
Democrats are suffering from TDS.

The rest of us are suffering from laughing at the Democrats.
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Old 04-13-2019, 09:10 PM
 
Location: Scottsdale, AZ
16,961 posts, read 17,271,036 times
Reputation: 30256
Fake news!
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Old 04-13-2019, 09:13 PM
 
Location: southern california
61,289 posts, read 87,202,462 times
Reputation: 55551
If I have enough to eat and a place to sleep most of my issues are dead
Where I fit in the food chain is not of great importance to me
I think that is the message of the current administration
That and stop playing Santa Claus with taxpayer money
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