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the savings is going to pay down existing debt or staying in the bank by many and not going for new purchases and others don't believe low prices are here to stay .
Location: East of Seattle since 1992, 615' Elevation, Zone 8b - originally from SF Bay Area
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Quote:
Originally Posted by ncole1
How is what you spend on gas remotely related to Obamacare?
I was wondering that too. Even if there were some sort of correlation, when gas goes back up it will be even more lopsided. Regardless, consumers are spending big. Records are being set on new car and truck sales. We have replaced every appliance in our house in the last 2 years, and homes are selling well over asking price the first few days after they hit the listings. It's only the retail stores that are suffering, and it's not lack of spending, it's Amazon and other online sellers.
the savings is going to pay down existing debt or staying in the bank by many and not going for new purchases and others don't believe low prices are here to stay .
This is the bottom line. The most recent personal savings rate was 5.4%. It's pathetic, IMO, but that's higher than it was for most of 2015.
How is what you spend on gas remotely related to Obamacare?
Because even if she's saving money on one thing, she's forking out a lot more on the other. That led her to conclude there's a good reason why lower gas prices aren't boosting the economy (rightly or wrongly).
I save $800 a year on gas. minus $4,000 on o-care. net -$3,200.
any wonder why consumer not spending like a druken sailor? its not rocket science. usa got some dumb economists....lol.
perhaps we need a key to the code behind this message to interpret it ?
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