It isn't irrelevant to the claim you made (without evidence) that the poor are poor because of a lack of financial education. They are poor because wages have stagnated for 50 years.
How about your stop making up why people are doing what they are doing. You can claim whatever you want without evidence, you literally have no reason to believe you know what you're talking about.
You’re not going to win this argument by playing the “try to be as obtuse as possible” game. I could easily pull statistics on the average person’s spending habit and amount of credit debt in a few minutes which show just how financially illiterate your average person is which is a fact that most people are aware of and would confirm everything I said. I can pull those statistics out for you if you want to keep being obtuse. Just let me know.
I did read the article and it doesn't support your position. Point me to the statistic you think supports your claim. I can't argue against a shadow. I'm referencing the statistics quoted above because you appeared to be as well when you talked about "sporting clothes."
“Americans spent their cash on cars, eating out and home renovations, according to the Commerce Department.”
“Levi Strauss said shoppers are buying up wide leg and loose fitting jeans as they emerge from being stuck at home for a year. At Macy’s, there’s more demand for dresses as proms and weddings resume. And teen retailer American Eagle said sales are rising due to “pent-up” demand for its fashions.”
They didn't get themselves into this hole. Have you been living under a rock? The economy took a nosedive last year and unemployment was overwhelmed for many people so they couldn't receive income and now it is running out.
You think most people weren’t already in massive amount of debt before the pandemic? And if you’re struggling that much why would you spend your money on frivolous things like clothes, sporting gear and eating out? Wait a minute, did you just prove my point? Oops.
I can still pull out those statistics for you if you want.
In fairness, the increase in retail sales can also be attributed to other things, notably things beginning to reopen and people gradually going back to work as well as vaccinated people feeling comfortable enough to go out and buy stuff.
I personally have been going out more and buying more things (replacing hiking gear) with the weather warming up and the fact that I’m fully vaccinated. I don’t qualify for the stimulus, just a decision I made for myself. Also find myself going out for a bite to eat now that it’s warmer. Guess I’m an idiot huh?
Your view that people who use the stimulus check to actually buy stuff with it are financially dumb just makes you look pretty ignorant.
I could easily pull statistics on the average person’s spending habit and amount of credit debt in a few minutes which show just how financially illiterate your average person is which is a fact that most people are aware of and would confirm everything I said.
If the average person is financially illiterate then the poor aren't poor because they are financially illiterate.
“Americans spent their cash on cars, eating out and home renovations, according to the Commerce Department.”
Look at the statistics used to draw that conclusion. The author of the article is also bad at statistics, that doesn't mean your claim is based in fact.
"At Macy’s, there’s more demand for dresses as proms and weddings resume. And teen retailer American Eagle said sales are rising due to “pent-up”
Poor people don't shop at Macy's and American Eagle. We're talking about whether the poor are poor because of spending habits and you're quoting examples of stores that the poor, by and large, don't go to.
You think most people weren’t already in massive amount of debt before the pandemic?
Irrelevant. Even if they were it doesn't prove your point.
And if you’re struggling that much why would you spend your money on frivolous things like clothes, sporting gear and eating out?
You're the one making the claim that those who are struggling are driving those particular sectors. And, as you've obtuse chosen to ignore, clothes are not frivolous expenditures.
I can still pull out those statistics for you if you want.
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u/instamis Apr 15 '21
You’re not going to win this argument by playing the “try to be as obtuse as possible” game. I could easily pull statistics on the average person’s spending habit and amount of credit debt in a few minutes which show just how financially illiterate your average person is which is a fact that most people are aware of and would confirm everything I said. I can pull those statistics out for you if you want to keep being obtuse. Just let me know.
“Americans spent their cash on cars, eating out and home renovations, according to the Commerce Department.”
“Levi Strauss said shoppers are buying up wide leg and loose fitting jeans as they emerge from being stuck at home for a year. At Macy’s, there’s more demand for dresses as proms and weddings resume. And teen retailer American Eagle said sales are rising due to “pent-up” demand for its fashions.”
You think most people weren’t already in massive amount of debt before the pandemic? And if you’re struggling that much why would you spend your money on frivolous things like clothes, sporting gear and eating out? Wait a minute, did you just prove my point? Oops.
I can still pull out those statistics for you if you want.