U.S. counties with the highest annual savings potential (opens in new tab)

(interviewqs.com)

5 pointsqwerty20207y ago6 comments

6 comments

5 comments · 1 top-level

api7y ago· 4 in thread

That's a terrifying map -- the vast majority of the USA is red as in "negative net savings on average."

qwerty2020OP7y ago

Yep - almost as scary as the stat that "40% of American adults can't cover a $400 emergency expense"[1]

[1] https://www.cnbc.com/2018/05/22/fed-survey-40-percent-of-adu...

api7y ago

If something isn't done, the next populist demagogue will make Trump look like a kitten.

existencebox7y ago

I fixed on something different, actually.

The list of highest savings counties. Pretty much a 1:1 overlap with the govt. employee/contracting/military-intelligence corridor around DC.

I'll leave the extrapolation of what this may indicate to the reader.

api7y ago

The inequality problem is much more complex than "government vs. capitalism." It's more like "the managerial class is taking too much rent." The managerial class includes the higher ranking bureaucratic class in government as well as overpaid corporate executives in public companies.

Basically it seems like the managers in our society figured out they could just give themselves raises and to hell with everything else.

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6 comments

5 comments · 1 top-level

api7y ago· 4 in thread

That's a terrifying map -- the vast majority of the USA is red as in "negative net savings on average."

qwerty2020OP7y ago

Yep - almost as scary as the stat that "40% of American adults can't cover a $400 emergency expense"[1]

[1] https://www.cnbc.com/2018/05/22/fed-survey-40-percent-of-adu...

api7y ago

If something isn't done, the next populist demagogue will make Trump look like a kitten.

existencebox7y ago

I fixed on something different, actually.

The list of highest savings counties. Pretty much a 1:1 overlap with the govt. employee/contracting/military-intelligence corridor around DC.

I'll leave the extrapolation of what this may indicate to the reader.

api7y ago

The inequality problem is much more complex than "government vs. capitalism." It's more like "the managerial class is taking too much rent." The managerial class includes the higher ranking bureaucratic class in government as well as overpaid corporate executives in public companies.

Basically it seems like the managers in our society figured out they could just give themselves raises and to hell with everything else.

1 more reply

j / k navigate · click thread line to collapse