Statistically speaking, families with more income have more so-called “excess” spending and therefore more opportunities for trimming.
How do you cut back on vehicle insurance? Call Geico?
No bonuses or raises this year. At least for the little fish, anyway.
No bonuses or raises this year. At least for the little fish, anyway.
My wife and I are fine, but yesterday I was actually thinking how I am not confident in the future of the economy, so I am decreasing spending even though my income has gone up in the last two years. Both parties are addicted to spending and the system just has to reset at some point. I’m out of the stock market for now. I’m hoarding cash even though I know that’s not optimal either.
I’m old enough to remember the good old days when we threw toilet paper and eggs at houses, now we store them under lock and key. No, we’re not better off than we were 4 years ago.
Usury is going out of fashion.
They can’t figure this out? That higher income households cut spending more than low income households?
It ain’t called DISCRETIONARY SPENDING for nothing.
Duh.