/biz/ - Business & Finance

If only they could have had a subjects on that while we were going to school.

>>18030397
I think it's time the day of the rope begins

>>18030397
my first thought without looking at the article was wsb

>>18030397
>"average Americans spend $800 monthly on car payments."
I'm sorry, fucking what? Your average person is driving around a brand new car worth $45k? I know I'm on the far other end, driving a truck I got for $2,300 used, but COME ON MAN!
>"at least a quarter of households making $150,000 and above live paycheck to paycheck."
Alright, what dumb little idiot is writing this:
>Kristin Tate is a libertarian writer and an analyst for Young Americans for Liberty. She is an author whose latest book is "How Do I Tax Thee? A Fueld Guide to the Great American Rip-Off."

OPINION PIECE, DISCARDED.

>>18030397
Hur dur. I just wont buy a house or start a family for 10 years because I think the market is over valued!

LMAO.

>>18030864
800$ monthly car loans don't surprise me. They are predatory loans that are given to people with low income and poor credit scores which often have incredible interest rates.

https://www.npr.org/2019/12/12/787337997/the-big-business-of-subprime-auto-loans

The subprime car loan bubble is real. It's not people buying 45k cars either. They are buying economy cars but end up doubling the price due to the shit dealerships pull with these loans.

>>18030864
insurance, gas to coomute since we cant afford to live near the cities that pay, and a hefty dose of interest since well, the banks only get money for nothing but coomsoomers have to pay 3-10% or more for it.

>>18030432
If you need a school to tell you not to blow your $12/hr on Frappuccinos and video games, you’re an idiot and beyond help

Hard to save money when your bosses schedule you for as few hours as possible and you barely make ends meet in the first place

>>18030397
Wow who would have thought penalizing savers would incent spending? Truly riveting stuff

Based bourgeoisie pretending the average worker has been living in "good times" while also denying him even the smallest pleasure or luxury to make this miserable existance more bearable. Almost reads like an accelerationist article, it's so tone-deaf it's almost intentionally upsetting.

>>18030397
>https://thehill.com/opinion/finance/488906-coronavirus-reveals-financial-irresponsibility-of-americans
Kek neither apparently can fortune 500 companies with whole teams of analysts.

>international banking jews plunder the country
>their shitty bubble pops
>"wow americans whats your fucking problem? you spend too much money on being alive."

National Socialism when?

>>18031703
>>18032728
I get what you're saying, but the link cited for the $800 figure initially talks about general costs but then goes into "average finacing costs", which are apparently $920 monthly. So, you go to the source that source article is highlighting, and it's talking about the cost of owning a brand new car.
Predatory business practices are a problem, but this is just trash journalism. Always scrutinize opinion pieces.

>>18030397
americans are being milked dry, severe financial responsibility is required to thrive today compared to the boomers who supported their entire family on a blue collar job

>>18030432
Elementary level math?
Wagiebux is addition, everything else substraction
Have enough to not go below zero after a few months without wagiebux

>>18030864
>>"average Americans spend $800 monthly on car payments."
Whaaaaaaahahaha
>MONTHLY CAR PAYMENTS
Americans are so fucking retarded
I my car is worth 3k max, more like 2k now after driving it for 5 years, thats like a percent of my networth bwahahaha stupid wagieslaves

I don't understand people not saving. And it isn't about being poor either. I only make about $2k a month, my rent is $720, around $900 after utilities, then there are food and transportation costs, and I still always have around $1500 in the bank in case something happens, plus my savings account. If you're poor like me, stop buying stupid shit.

>>18032833
Checked. The Democrats are against trump but because it’s a first step towards national socialism which (((they))) are afraid of because it makes banks useless

>>18034760
Trump bux **

>>18030397
This doesn't surprise me. American, Australian, British or whatever, you'd think that people would learn from the 2008 crash and be more financially stable and sensible, but it seems hardly anyone has.

>>18034693
>If you're poor like me
>I only make around $2k a month
You are not poor. You're at twice the poverty line.

>>18034854
If you are in a first world country, 2k a month is poor. Yea people who have no electricity and in mud huts, 2k a month is the dream.

>>18030864
He's actually probably not far off. With the social changes that have taken place in America (keeping up appearances, etc.) over the last few decades, many people are spending left and right. It's absolutely insane, and I do believe has caused an artificial price propping of many things, included but not limited to; houses, vehicles, goods/services, and so on. Stocks may be in this as well.

We should consider the numbers first. Americans, from what I've seen, have become increasingly more irrational and illogical over the past few years. So the behavioral analysis points to a possibility and probability to the spending to be congruent with their spending habits as well.

>>18030864
Considering amerifats own two cars.

those people are the irl pay pigs - whales you see in the gaming community
fuels apple, exotic car brands etc

>>18030397
ive got a little over half a million in USD across mostly crypto and CD's
the article is right tho, something like more than 50% of americans dont even have $2000 in their savings accounts.

>>18034972
No it isn't, it's average to slightly below average in western europe.

>>18030397
Damn, always staggers me how dumb people can be. I've easily got enough money to pay my rent for over a year.

>>18030864
You're wrong.

>>18034854
How is $24k not fucking poor? Not poverty but definitely broke.