Earlier quoted context omitted.
Yes, but we are in a world of abundance. Most people carry around what would be in 1980 a 10 million dollar supercomputer in their pocket. 10 years from now we might have the equivalent of what today costs 10 million dollars today. Automated farming means what today we consider high end and expensive produce becomes almost free. Automated transportation means that food gets delivered to you for almost nothing. Imagin…
> Yes, but we are in a world of abundance. Most people carry around what would be in 1980 a 10 million dollar supercomputer in their pocket. Most people also don't have $1000 for an emergency, live hand to mouth, and are dead scared of the cost and impact of a potential health issue. They are also overworked, underpaid, and with raising expenses, and sick of it, with depression levels skyrocketing. Having "a 10 milli…
This has been debunked many times. The source is misleading to the point of being deceptive, it is pushing a narrative. Per the US government, the median household has $1000 per month leftover after all ordinary expenses. A very detailed breakdown of this for each income decile is available from the BLS.
You can’t square “most Americans can’t afford a $1000 emergency expense” with “median Americans can afford to light $1000 on fire each month without impacting their standard of living”.