Reply to Study shows that 350k/year is barely scrapping by as middle class

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Reply to "Study shows that 350k/year is barely scrapping by as middle class"

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[quote=Anonymous][quote=Anonymous]
Look a janitor can spend his life saving and rack up a million dollars to donate.  [/quote]

Sure, if you enjoy living like a monk. Most people (in the US at least) need to treat themselves to be able to keep going in todays bleak world. Otherwise what’s even the point?

And besides that, everyone who uses this argument seems to forget that our economy relies on spending. If everyone just saved there would be hardly any economic activity.

Wealthy people who are already set: “All you have to do is not consume anything but the basics and you can be like me!”

The media, politicians, economists: “Oh no! Everyone is saving and being tight with their money! We’re having a recession!”

Wealthy people again to their employees and community after hearing the above  “oh sorry we have to lay a bunch of you off, and can’t invest in the community and your well being or raise wages because we’re not selling as much”

So what’s the solution? I honestly would like to know.[/quote]

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