LogFAQs > #906873636

FLUFFYGERM posted...

Balrog0 posted...

FLUFFYGERM posted...

how do you figure that 1/5 of working americans have negative discretionary income?

By looking at the chart that you yourself posted?

Did you read your own links? look at discretionary income by decile at the bottom of the second

the bottom decile means that the bottom 10 percent of americans have a discretionary income between $0 and $11,000

so 1/10, not 1/5. and of that 1/10, most of them are probably not left with $0 discretionary income, let alone negative discretionary income

note that discretionary income means after paying your taxes and your necessities like rent, so 10% of $11,000 could fund someone's comfortable retirement if they're able-bodied and under 30

and this is especially achievable once we realize that people don't remain in the bottom decile. they get raises, they get employer matches, they move in with room mates or with significant others, they get married, etc.

They also start getting sickness, diseases, disabilities once they start aging past mid 40s as most people do start to develop problems as that's part of aging. Medical issues that cost money, and in a capitalistic environment those medical issues can suck away a persons entire life savings.
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