Good grief, anecdotal evidence about the top 10% is assessing economic health is not very scientific. I guess it’s one way to look at it. Not sure how useful it is to understanding aggregate health of the entire country, though.
Food stamp usage went from about 11 million in 2005 to almost 45 million today. Over 50% have no retirement savings and live paycheck to paycheck and are saturated with debt. Another hiccup in the credit markets would put millions more down and destroy state budgets and banks don’t-count-the-losses-accounting balance sheets more then they already are. Which is really a microcosm of all other growing problems. Just pretend they are not there
This country is a train wreck but I’m sure it’s all rainbows and ice cream in carmel valley.
