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View Poll Results: Are you a rich consumer loaded up with money?
YES 32 48.48%
NO 34 51.52%
Voters: 66. You may not vote on this poll

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Old Yesterday, 08:08 PM
 
16,122 posts, read 4,260,553 times
Reputation: 11433

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Car sales are down for the year. Houses are down or stable.

Durable goods orders in 2019 are negative (positive in June, negative for months before that - down for the calendar year).....

People are spending money but on what...is the question....and CC debt just hit an all time high, so they aren't buying it with saved money.

I'm pretty much in the "could be that consumer, but don't want anything" although I helped the economy greatly in the last year with two new car purchases.

Although we (our family) create a lot of economic activity (of all sorts...), we are not currently consumers that buy iPhone XS and new MacBook Pros and 4K TVs (we don't have a one) or even higher end cable or internet. We cook our own food, etc - and do 90% of our cleaning, repairs, etc.

But, all in all, I cannot lie. We have spent a lot of money in the last 12 years (houses, cars, gifts to kids like down payment on houses, etc. etc.). But we realize we are not the norm....

Life is funny that way. Look at the folks driving really fancy cars in many places and they are old as the hills. That is, by the time you get enough to afford some of those things (and you don't have the kids sucking all your $$ and time), you really don't need it any way. I'm driving a vw now.
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Old Yesterday, 08:32 PM
 
Location: Houston
22,760 posts, read 11,743,556 times
Reputation: 9255
Quote:
Originally Posted by TMSRetired View Post
I don't buy into the consumer mentality. Maybe that's why I have money
Yep
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Old Yesterday, 08:57 PM
 
48,898 posts, read 45,876,643 times
Reputation: 15542
No. I'm not rich. I'm far from rich. I've been unemployed for about 7 weeks, but I'm starting a new job towards the end of the month. I should have more money coming. I'm far from rich. I've been cutting back on my consumption.
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Old Yesterday, 08:59 PM
 
48,898 posts, read 45,876,643 times
Reputation: 15542
Quote:
Originally Posted by T-310 View Post
I have money because of a trust fund plus what I buy is for later resale at a profit. I am not attached to stuff. Anything is for sale providing the price is right.

Thatís why I have money.
Good for you. You have a trust fund. I don't have a trust fund. I come from a middle class family, but I'm not rich. Most people don't have trust funds.
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Old Yesterday, 09:00 PM
 
7,525 posts, read 2,709,847 times
Reputation: 2959
Trumps tax cuts had little affect on me.
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Old Yesterday, 09:18 PM
 
Location: DFW - Coppell / Las Colinas
32,310 posts, read 36,967,840 times
Reputation: 39107
Quote:
Originally Posted by redwood66 View Post
You may be doing alright economically but you sure don't have much class with a comment like this.
Notice he lives in Central Illinois, ground zero for poor white trash and he talks about Trump supporters.
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Old Yesterday, 09:19 PM
 
30,250 posts, read 15,720,496 times
Reputation: 20356
I've been working with no paycheck for the last 3 years, so I'm definitely not a rich consumer.

If I'm lucky, I'll start bringing in money in another year.

If it becomes a success, those on the left will say they built it.
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Old Yesterday, 09:25 PM
 
Location: annandale, va & slidell, la
7,582 posts, read 3,119,930 times
Reputation: 6399
Quote:
Originally Posted by MMS02760 View Post
Are you one of these rich consumers loaded up with money that Trump was talking about yesterday?



Why yes. You're not?
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Old Yesterday, 09:25 PM
 
7,525 posts, read 2,709,847 times
Reputation: 2959
Quote:
Originally Posted by PedroMartinez View Post
I've been working with no paycheck for the last 3 years, so I'm definitely not a rich consumer.

If I'm lucky, I'll start bringing in money in another year.

If it becomes a success, those on the left will say they built it.
Well good luck in your endeavor.
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Old Yesterday, 09:28 PM
 
30,250 posts, read 15,720,496 times
Reputation: 20356
Quote:
Originally Posted by vacoder View Post
Well good luck in your endeavor.
Thank you. I appreciate that.

It's a roll of the dice, but I think I'd regret not trying more than trying and failing.
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