Forum Replies Created
-
AuthorPosts
-
July 30, 2010 at 8:21 PM in reply to: Gone with the Globalization, that is the US Middle Class #585269July 30, 2010 at 8:21 PM in reply to: Gone with the Globalization, that is the US Middle Class #585376
joec
ParticipantI forget where, but I’ve read before that the middle class is actually an anomaly. This doesn’t pertain to what’s going on now or in the last 5/10 years. But going back hundreds/thousands of years, society was primarily composed of a few elite wealthy and a very large poor class. It was always that way in history and we are merely reverting back to the norm.
The middle class in America arose after WWII with the baby boomers and peace time after the war. The boom from early technology, cars, electronics, appliances, etc…helped put a lot of folks get decent middle class jobs.
How true this really is, I don’t know. Maybe someone can find the article since I didn’t see it on a quick search.
July 30, 2010 at 8:21 PM in reply to: Gone with the Globalization, that is the US Middle Class #585678ParticipantI forget where, but I’ve read before that the middle class is actually an anomaly. This doesn’t pertain to what’s going on now or in the last 5/10 years. But going back hundreds/thousands of years, society was primarily composed of a few elite wealthy and a very large poor class. It was always that way in history and we are merely reverting back to the norm.
The middle class in America arose after WWII with the baby boomers and peace time after the war. The boom from early technology, cars, electronics, appliances, etc…helped put a lot of folks get decent middle class jobs.
How true this really is, I don’t know. Maybe someone can find the article since I didn’t see it on a quick search.
ParticipantHeh, this is funny…Yeah, those recruiters are worthless. They do treat it like sales and throw everything up on the wall to see if anything sticks…
Most are probably commission only so not the easiest job I don’t think…
ParticipantHeh, this is funny…Yeah, those recruiters are worthless. They do treat it like sales and throw everything up on the wall to see if anything sticks…
Most are probably commission only so not the easiest job I don’t think…
ParticipantHeh, this is funny…Yeah, those recruiters are worthless. They do treat it like sales and throw everything up on the wall to see if anything sticks…
Most are probably commission only so not the easiest job I don’t think…
ParticipantHeh, this is funny…Yeah, those recruiters are worthless. They do treat it like sales and throw everything up on the wall to see if anything sticks…
Most are probably commission only so not the easiest job I don’t think…
ParticipantHeh, this is funny…Yeah, those recruiters are worthless. They do treat it like sales and throw everything up on the wall to see if anything sticks…
Most are probably commission only so not the easiest job I don’t think…
ParticipantPenfed has a 5% rewards on gas. The nice thing with them is they credit your rewards immediately each month rather than each year (like Amex Costco).
Like the other posters have said, just stick it in a CD or cash equivalent. After taxes, 100k is maybe 1k. That’s nice, but think how you’d feel if you invested it poorly and now, you can’t even buy a house.
I think Ally used to have a CD that you can tap early as well without penalty, but I don’t rate chase so haven’t been following any of it…
Penfed is generally a decent honest company to deal with I’ve felt so far (yes, I’m a customer).
ParticipantPenfed has a 5% rewards on gas. The nice thing with them is they credit your rewards immediately each month rather than each year (like Amex Costco).
Like the other posters have said, just stick it in a CD or cash equivalent. After taxes, 100k is maybe 1k. That’s nice, but think how you’d feel if you invested it poorly and now, you can’t even buy a house.
I think Ally used to have a CD that you can tap early as well without penalty, but I don’t rate chase so haven’t been following any of it…
Penfed is generally a decent honest company to deal with I’ve felt so far (yes, I’m a customer).
ParticipantPenfed has a 5% rewards on gas. The nice thing with them is they credit your rewards immediately each month rather than each year (like Amex Costco).
Like the other posters have said, just stick it in a CD or cash equivalent. After taxes, 100k is maybe 1k. That’s nice, but think how you’d feel if you invested it poorly and now, you can’t even buy a house.
I think Ally used to have a CD that you can tap early as well without penalty, but I don’t rate chase so haven’t been following any of it…
Penfed is generally a decent honest company to deal with I’ve felt so far (yes, I’m a customer).
ParticipantPenfed has a 5% rewards on gas. The nice thing with them is they credit your rewards immediately each month rather than each year (like Amex Costco).
Like the other posters have said, just stick it in a CD or cash equivalent. After taxes, 100k is maybe 1k. That’s nice, but think how you’d feel if you invested it poorly and now, you can’t even buy a house.
I think Ally used to have a CD that you can tap early as well without penalty, but I don’t rate chase so haven’t been following any of it…
Penfed is generally a decent honest company to deal with I’ve felt so far (yes, I’m a customer).
ParticipantPenfed has a 5% rewards on gas. The nice thing with them is they credit your rewards immediately each month rather than each year (like Amex Costco).
Like the other posters have said, just stick it in a CD or cash equivalent. After taxes, 100k is maybe 1k. That’s nice, but think how you’d feel if you invested it poorly and now, you can’t even buy a house.
I think Ally used to have a CD that you can tap early as well without penalty, but I don’t rate chase so haven’t been following any of it…
Penfed is generally a decent honest company to deal with I’ve felt so far (yes, I’m a customer).
ParticipantEven with deflation, home/condo sale prices will still be supported by what comparable rent prices will be so there is going to be some floor on housing assuming people have jobs in the area and people are willing to live there (unlike Detroit which has neither it seems).
An 80k condo at a 5% rate with 20% down is $410/month. A 2 bedroom in the worst areas of San Diego probably rents for more than double that already.
ParticipantEven with deflation, home/condo sale prices will still be supported by what comparable rent prices will be so there is going to be some floor on housing assuming people have jobs in the area and people are willing to live there (unlike Detroit which has neither it seems).
An 80k condo at a 5% rate with 20% down is $410/month. A 2 bedroom in the worst areas of San Diego probably rents for more than double that already.
-
AuthorPosts