72,000,000 people have no savings!

[SwingToWin]

"The problem with this country is that we are taught to consume and not save for when times get tough, especially the younger generation, they have no clue what the value of a dollar is anymore.
now imagine when the next collapse in the economy comes, what happens to all these 70,000,000+ people who have zero savings, this is very serious, a problem that can put the US into a depression, but then again who cares, its a subject that no one talks about"

So true. Not only in the US, but everywhere in the world, like in Germany where I live. It is rampant amongst youth, especially. They just never learned to save money. My generation (I'm 30) doesn't save a penny; if there's money left at the end of the month, people go to restaurants, cinemas or even casinos and spend it. Great idea!

You Americans have a big advantage however: You have a lot more money
How much is the median wage in the US? Something like 100,000 ? In Germany it's a whopping 15,000 after tax. So even if we wanted to - we'd never be able to save money as easily as you. And now go and talk to somebody from Thailand or Africa...

 

[volpunter]

Bullshit. Various Taxes in the US pretty much half the income of most middle income earners. I traded for some time at an investment bank in new York and had to fork over half of my income and bonus to UNcle Sam. Great if you get in exchange a well designed system where roads are free to use and can eat at restaurants where you don't get a snobbish attitude if you "only" pay 15% tip. Add on top of that a whopping Sales tax and see what you got left.

In Germany wages for qualified and professional work are as high if not higher than in the US. Even blue collar workers earn a lot more than their American brethren. You pay a top 35% or so income tax but in exchange have a perfectly organized health care system, the best roads in the world, virtually free education from kindergarden all the way to a PhD program. Tips are not expected anywhere and you have the world at your door and above all you are welcomed in the world rather than Americans who have to hide their passports for fear of retribution. Living in Germany is not all that bad at all. And saving is an attitude not an ability. A study in the US has shown that even 30% of the young in income brackets around 30 to 50k a year save money and put money aside. Facts please...not fiction!!!

"The problem with this country is that we are taught to consume and not save for when times get tough, especially the younger generation, they have no clue what the value of a dollar is anymore.
now imagine when the next collapse in the economy comes, what happens to all these 70,000,000+ people who have zero savings, this is very serious, a problem that can put the US into a depression, but then again who cares, its a subject that no one talks about"

So true. Not only in the US, but everywhere in the world, like in Germany where I live. It is rampant amongst youth, especially. They just never learned to save money. My generation (I'm 30) doesn't save a penny; if there's money left at the end of the month, people go to restaurants, cinemas or even casinos and spend it. Great idea!

You Americans have a big advantage however: You have a lot more money
How much is the median wage in the US? Something like 100,000 ? In Germany it's a whopping 15,000 after tax. So even if we wanted to - we'd never be able to save money as easily as you. And now go and talk to somebody from Thailand or Africa...

 

[d08]

72,000,000 Democrat voters.
They are completely dependent on the government...exactly the way "they" planned it.

Don't you feel a bit odd being on a trading forum, trading being a very factual and non-emotional profession, then spewing emotional and unsubstantiated statements like that?

Facts are: Mississippi, Louisiana, Arkansas, Oklahoma, Alabama, West Virginia, New Mexico, Texas and Tennessee are ALL red states and have the LOWEST savings rates in US (Nest Egg Index, A.G. Edwards).

 

[volpunter]

at least a few on this site still care about facts.

Don't you feel a bit odd being on a trading forum, trading being a very factual and non-emotional profession, then spewing emotional and unsubstantiated statements like that?

Facts are: Mississippi, Louisiana, Arkansas, Oklahoma, Alabama, West Virginia, New Mexico, Texas and Tennessee are ALL red states and have the LOWEST savings rates in US (Nest Egg Index, A.G. Edwards).

 

[Tsing Tao]

privileges come with responsibilities my friend. You want to stick your nose into every corner of the world then you cannot just agent orange everyone and piss off. Neither can you have a word in South and East Asia in front of China's doorsteps and not pay your dues by maintaining airbases in Korea, Japan, the Philippines and what have you. And you cannot just create one big huge mess in the Middle East (supporting one regime after another with billions of dollars that years later turn anti-West and radicalize before the next revolution knocks on the door; or Support Iran today, fight it tomorrow, support it the day after tomorrow...) without cleaning up and taking responsibility.

Saying the US "solved problems" is hysterical, please can you point us to where the US solved problems in Vietnam, any part of Africa, the Middle East, former Russian republics? How is the war on drugs coming along (if you cant climb the wall or fence you dig tunnels, lol). Germany thanks the US for cleaning house in Europe but that is a while ago, would be embarrassing if you had to bring it up as sole example.

Fact is the world is turning its head towards the new power house, China, and everyone understands that in the same way as Brits had a hard time to come to terms with the fact that their colonial power turned history, Americans need to learn to accept that it is inevitable that a nation of over 1.2 billion people who are as laborious and economically driven as Chinese (in stark contrast to Indians) will necessarily overshadow a nation that is a fraction its size. It pretty much comes down to humans. Already trade between the EU and China is the largest in the world, larger than the trade the US conducts with China. While the US still had many advantages such as productivity and efficiency the spread is shrinking by each day.

The world "paying"? How about the US paying its dues to the UN for a start because everyone else pays. The funny thing is that the US played its game in every ever so remote area of the world and it hates to see that everyone by now realized that the American marketing machine " we protect world peace, we promote democracy" is all bullshit because it only comes down to strategic and economic advantages. So please spare us with your BS about how the US is behaving like a better global citizen. Finally, maybe you want to heed your own economic and capitalist convictions in that it is not such bad idea to care given you owe Japan and China a pretty huge awful lot of money ;-)

BTW, I never alluded to anyone outside the US depending on a resolution of the US political deadlock. I was saying a lot of good things can come out if Americans
started to smarten up and stopped buying the ideological Rep vs Dem hogwash but instead demanded resolutions and improvements for the middle class.

I didn't say the US solved any problems.

In regards to paying, why don't we tally up all the money the US spends on foreign aid (or anything else around the world) including defense, etc. and then see who comes close?

I will agree that the US does more harm than good, and I would personally love to see it go back to pre-WWII isolationist tendency.

 

[Tsing Tao]

the only thing most currently vomit about is a trip back 100 years to when businesses were allowed to discriminate on the basis of religious belief and sexual orientation. Thank you for spitting into the faces of all those that worked hard and even died to fight for a better country and equal freedom for everyone. We are all excited to listen to how Mike Penis, sorry I mean Mike Pence, is gonna "clarify" what he actually intended, lol.

Huh?

 

[zdreg]

72,000,000 Democrat voters.
They are completely dependent on the government...exactly the way "they" planned it.

the obama agenda is to turn the US into a nation of serfs.

 

[volpunter]

Tsingtao is back in full swing, welcome back and hope you can impress us with your babble as usual.

I didn't say the US solved any problems.

In regards to paying, why don't we tally up all the money the US spends on foreign aid (or anything else around the world) including defense, etc. and then see who comes close?

I will agree that the US does more harm than good, and I would personally love to see it go back to pre-WWII isolationist tendency.

 

[volpunter]

foreign aid? Wait, aid implies someone is helped. Could you please point us to a risen living standard as a result of US aid? Of course other than Israel into which you pump billions each and every year since Abraham. There are some I am sure but let's at least stay honest and let's all agree US foreign aid is to buy favors in terms of military or general political favor. Most people call that bribe not aid. Helping someone should be a selfless act, at least last time I checked the dictionary.

And what does the US's spending on defense have to do with your hilarious comment that other nations should start spending. Fact is the US is pretty much the only nation that holds the UN hostage by deciding at its own discretion when and how much to pay. Like wanting to be a member of a club without paying dues. Funny no?

Yes I agree with you, a bunch of settlers and quakers would do the US immensely good, education level wise and morally as well.

P.S. By the way, why would you as an isolationist (oh you also did not say that?) worry what problems other nations have to solve? If you truly did not have to care then why all the effort poking your dirty stuffy noses into every pot outside your jurisdiction?

I didn't say the US solved any problems.

In regards to paying, why don't we tally up all the money the US spends on foreign aid (or anything else around the world) including defense, etc. and then see who comes close?

I will agree that the US does more harm than good, and I would personally love to see it go back to pre-WWII isolationist tendency.

 

[volpunter]

well, be thankful then because with a pure Republican agenda the US would be the modern day Manila, shanty towns wherever you look and a few fenced and walled estates where the super rich live.

the obama agenda is to turn the US into a nation of serfs.