41–50 of 248 posts
Any statistic pushed out by the US government is as irrelevant as Kim Jong Uns personal yachts interior design material. Anyone taking official US statistics serious should get a purple star on their chest reading "Mental defect"
One of the more baffling statistics I’ve seen lately is that consumer debt continues to increase and credit card interest rates are at multi year highs despite the fed funds rate being at historical lows. Things don’t add up.
One of the more baffling statistics I’ve seen lately is that consumer debt continues to increase and credit card interest rates are at multi year highs despite the fed funds rate being at historical lows. Things don’t add up.
Earlier quoted context omitted.
And you still have plenty of homesless and destitute. Pretty sad that you can't look after the most vunerable.
https://en.wikipedia.org/wiki/And_you_are_lynching_Negroes
How does this reconcile with the data listed at https://en.wikipedia.org/wiki/List_of_countries_by_wealth_pe... ? That shows $530,244 for Switzerland and $403,974 for US. Difference in sampling or does the wiki one not reflect net wealth?
One of the more baffling statistics I’ve seen lately is that consumer debt continues to increase and credit card interest rates are at multi year highs despite the fed funds rate being at historical lows. Things don’t add up.
(At least among my family, common knowledge is to treat credit cards like debit cards or charge cards - make the full payment, every time, and if you can't make the full payment you shouldn't have made the purchase)
Earlier quoted context omitted.
I like how they calculated consumption, rather than income or net wealth. That's a more honest way of comparing poverty in different countries.
I'm not sure it's an entirely fair way to define poverty. In many parts of Europe you can have a relatively high standard of living without consuming (or even owning) all that much. For example, you can have a high standard of living without owning a car (and all the 'consumption' that goes along with that), in cities that have good public transport, and a good infrastructure/environment for walking and cycling. In m…
And Europeans are hardly ascetics. It’s fair to assume that in both places, if people had more means to consume they would.
TIL Switzerland is the richest nation on earth. If I was going to guess, I probably would've guessed Saudi Arabia or Luxembourg.