$1 of every $5 in US wallets in 2010 came from programs like unemployment & SS
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Re: $1 of every $5 in US wallets in 2010 came from programs like unemployment & SS
#2So liquid cash, not assets, not investments? Seems pretty good to me, during a terrible recession.
Re: $1 of every $5 in US wallets in 2010 came from programs like unemployment & SS
#3Well as I said when Northern Rock collapsed, the best financial stimulus would be to refund everyone the income tax they paid for the last 12 months.
Re: $1 of every $5 in US wallets in 2010 came from programs like unemployment & SS
#4The article says "Close to $2 of every $10". No need to editorialize it.
Re: $1 of every $5 in US wallets in 2010 came from programs like unemployment & SS
#5The article says "Close to $2 of every $10". No need to editorialize it.
God forbid anyone reduce a fraction!
Re: $1 of every $5 in US wallets in 2010 came from programs like unemployment & SS
#6With a growing poor population via the influx of immigrants getting out of our financial crisis will be an even slower process. This population is the 2nd largest and the fastest growing. They currently have minimal buying power. Case in point go to your local state park and witness America's future. The face of America in 30 to 50 years and the language we speak will be remarkably different.
Im sure this will be downvoted as it's totally NOT POLITICALLY CORRECT. But for me Im all about assimilation vs a massive population changing American culture. We are a melting pot and that's great but one who speaks English.
I dont view myself as a racist(im sure this sounds otherwise) ... but if you go to one of your local US state parks you just might get the slap in the face I did(i live in PA). Again this new culture currently has no buying power just sucking off our systems and it will be years before they have buying power as a population to help our economy.
Re: $1 of every $5 in US wallets in 2010 came from programs like unemployment & SS
#7Re: $1 of every $5 in US wallets in 2010 came from programs like unemployment & SS
#8So liquid cash, not assets, not investments? Seems pretty good to me, during a terrible recession.
Actually the article is talking about income. The current HN title is wrong. According to the linked article:
"Close to $2 of every $10 that went into Americans’ wallets last year were payments like jobless benefits, food stamps, Social Security and disability, according to an analysis by Moody’s Analytics."
I do wonder what the figure would be for actual assets. Surely much lower than 20%, but I guess that would be hard to even calculate.
Re: $1 of every $5 in US wallets in 2010 came from programs like unemployment & SS
#9Well as I said when Northern Rock collapsed, the best financial stimulus would be to refund everyone the income tax they paid for the last 12 months.
What exactly does that do for the people who've been out of work? 100% rebate on 0 is still 0, right?
Not to make a political statement out of things but you're saying you'd prefer they didn't get their unemployment, giving that money back to me and you as tax rebates instead? Trying to see how your suggestion is relevant to the article.
Re: $1 of every $5 in US wallets in 2010 came from programs like unemployment & SS
#10So liquid cash, not assets, not investments? Seems pretty good to me, during a terrible recession.
Actually the article is talking about income. The current HN title is wrong. According to the linked article: "Close to $2 of every $10 that went into Americans’ wallets last year were payments like jobless benefits, food stamps, Social Security and disability, according to an analysis by Moody’s Analytics." I do wonder what the figure would be for actual assets. Surely much lower than 20%, but I guess that would be…
I tried to use: Close to $2 of every $10 that went into Americans’ wallets last year were payments like jobless benefits, food stamps, Social Security and disability
But it was still way too long, so I had edit the title down to fit it in.