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Topic: How do you think the US economy is doing right now?

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Cincydawg

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Re: How do you think the US economy is doing right now?
« Reply #70 on: July 11, 2024, 09:15:01 AM »
Meanwhile, the stock market keeps going up.  I've been gradually trimming some holdings to stay somewhere within "balance" between stocks and bonds and CDs and cash.  Costco jumped after hours by a good bit, it's getting very expensive.
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847badgerfan

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Re: How do you think the US economy is doing right now?
« Reply #71 on: July 11, 2024, 10:23:07 AM »
I wonder how much longer it can go like this. Gotta be a correction eventually, but no real signs are showing.
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utee94

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Re: How do you think the US economy is doing right now?
« Reply #72 on: July 11, 2024, 10:27:04 AM »
Yeah we've seen some 1-2 year setbacks in recent time but no major corrections.  That's of some concern.
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847badgerfan

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Re: How do you think the US economy is doing right now?
« Reply #73 on: July 11, 2024, 10:29:35 AM »
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FearlessF

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Re: How do you think the US economy is doing right now?
« Reply #74 on: July 11, 2024, 10:31:35 AM »
this is the S&P....  5 year

there was covid and then mid-late 22

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FearlessF

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Re: How do you think the US economy is doing right now?
« Reply #75 on: July 11, 2024, 10:32:57 AM »
Quote from: 847badgerfan on July 11, 2024, 10:29:35 AM
This is of great concern.

Why retirement is out of reach for many working Americans (usatoday.com)
because they didn't plan for it and start saving when they were 30 years old?

the stock market has been great the past 30 years
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utee94

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Re: How do you think the US economy is doing right now?
« Reply #76 on: July 11, 2024, 10:38:55 AM »
Quote from: FearlessF on July 11, 2024, 10:32:57 AM
because they didn't plan for it and start saving when they were 30 years old?

the stock market has been great the past 30 years

You gotta have funds available for investing.  Some folks just don't have enough after they've paid all their bills, it's not always because of spending frivolously on luxury items.  Although that's certainly a problem for some, as well.
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medinabuckeye1

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Re: How do you think the US economy is doing right now?
« Reply #77 on: July 11, 2024, 10:40:13 AM »
Quote from: utee94 on July 11, 2024, 10:38:55 AM
You gotta have funds available for investing.  Some folks just don't have enough after they've paid all their bills, it's not always because of spending frivolously on luxury items.  Although that's certainly a problem for some, as well.
Unskilled/low skill laborers are VASTLY poorer than they were 50-60 years ago due to the importation of millions of competitors for their jobs.  
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FearlessF

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Re: How do you think the US economy is doing right now?
« Reply #78 on: July 11, 2024, 11:18:58 AM »
you gotta sacrifice to save for retirement

doesn't have to be a lot, just a little, but start early

I know plenty of folks my age that could have and should have but didn't

gonna be livin off SS
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Cincydawg

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Re: How do you think the US economy is doing right now?
« Reply #79 on: July 11, 2024, 11:26:25 AM »
Quote from: medinabuckeye1 on July 11, 2024, 10:40:13 AM
Unskilled/low skill laborers are VASTLY poorer than they were 50-60 years ago due to the importation of millions of competitors for their jobs. 
Is this true in an absolute sense, or a relative sense?  The measured poverty rate per household has been pretty steady since about 1970 as I recall.


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OrangeAfroMan

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Re: How do you think the US economy is doing right now?
« Reply #80 on: July 11, 2024, 11:31:13 AM »
Quote from: medinabuckeye1 on July 11, 2024, 10:40:13 AM
Unskilled/low skill laborers are VASTLY poorer than they were 50-60 years ago due to the importation of millions of competitors for their jobs. 
Yeah, it's not that wages pleateaued for like 40 years, adjusting for inflation.  You're right.
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Cincydawg

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Re: How do you think the US economy is doing right now?
« Reply #81 on: July 11, 2024, 11:32:11 AM »
Vastly poorer to me is not he same as plateaued.

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OrangeAfroMan

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Re: How do you think the US economy is doing right now?
« Reply #82 on: July 11, 2024, 11:36:11 AM »
Quote from: Cincydawg on July 11, 2024, 11:32:11 AM
Vastly poorer to me is not he same as plateaued.


Buddy, I have no idea what you're saying here or how to respond.

I THINK we agree, but...idk.  
But it's on me, because that's the default around here.
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Cincydawg

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Re: How do you think the US economy is doing right now?
« Reply #83 on: July 11, 2024, 11:42:07 AM »
Are the working poor vastly poorer than they were 60-60 years ago?

There probably is data on that somewhere.
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