Posted on 02/02/2015 11:36:41 AM PST by Lorianne
Edited on 02/02/2015 12:05:55 PM PST by Admin Moderator. [history]
Americans are taking the money they are saving at the gas pump and socking it away, a sign of consumers
(Excerpt) Read more at marketwatch.com ...
ping
Sure, they are trying to feed their families and pay their bills with the savings.
All my extra money is going to the guy who plows my driveway.
Personally, I am seeing a $40 per month windfall from lower gas prices, but that money is going to making up for higher prices elsewhere, like vegetables and meat. Until diesel prices go down, we will not see lower prices at the grocery store.
American have been financially raped by Obama and the Establishment Republicans. Maybe they are now eating better.
This happens when basically everyone is overextended to begin with.
We aren't doing what they desire, which is why they want to replace us with third-world immigrants.
Geez the price per gallon is jacked up for six years and it falls in 2 months and it is a problem. Give us a break. I’ve only filled my car up 4 or 5 times at the new price.
This is because Hussien Obola has made everything else so expensive.
I remember having to fill my truck with gas two to three times a week, I had a job then, now a put $10 bucks or so in every couple of weeks. If you have no job, you don’t have gas savings to pump back into the economy and the reality is, no matter what bullsiite Lord Foul’s minions spout, employment and the economy are running on empty.
Gas savings are dwarfed by healthcare and other redistributive expenses.
What , when they buy gas they are not buying a Sandwich and coffee ,LOL
That is exactly what is happening.
“the pain of the recession remains fresh in the minds of many Americans, even as the economy picks up steam.”
Shame on us idiotic peasants for not believing the OWO mantra: “The economy is picking up steam. The economy is picking up steam. The economy is picking up steam..”
No idiot at the WSJ would ever CONSIDER that possibility. Morons.
Unless people are taking the savings as cash and stuffing it under their mattresses, or their creditors are doing the same, it’s still flowing back into the economy in some form or another.
It's being Pumped back into their wallets for later, when needed, use.
and probably saving some of it for future crisis....
This behavior is consistent with the dominant theory of consumer spending; Milton Friedman’s Permanent Income Hypothesis. The idea is people spend based on what they perceive to be their permanent long term income not their income over a short period of time. So given all the media has stated this drop in gas prices is a temporary phenomena people per Friedman’s theory are stashing away/paying down debt the temporary blip in disposable income.
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