72% of Millionaires Don't Think They'...

72% of Millionaires Don't Think They're Rich

There are 75 comments on the WCHO-FM Washington Court House story from Jul 29, 2013, titled 72% of Millionaires Don't Think They're Rich. In it, WCHO-FM Washington Court House reports that:

While your first reaction may be to scoff - especially since the median household income is $51,500 - the study points to a real shift in what it means to be rich, and it isn't just wads of cash.

Join the discussion below, or Read more at WCHO-FM Washington Court House.

Level 8

Since: Aug 08

Location hidden

#46 Jul 30, 2013
Go Blue Forever wrote:
<quoted text>Check out Home Construction and New Auto and Truck Sales?....Let me know?....
As I said many sectors have not completely recovered, yet. Your pointing out two areas that have, doesn't change this fact.

You two really should stick to posting on a blog, where no one with an opposing point of view is allowed to post. That way you two can tell yourself how right and brilliant you are without anyone interfering.
Level 8

Since: Aug 08

Location hidden

#47 Jul 30, 2013
Go Blue Forever wrote:
<quoted text>You might need a larger circle of friends...From 30 days ago...CONSUMER CONFIDENCE HIGH, SURVEY REPORTS....AP(6-29-13)....A measure of U.S. consumer confidence stayed near a six year high in June as higher home prices boosted household wealth. This survey shows Americans remain upbeat about the economy, despite wild gyrations in the stock market......The University of Michigan said Friday that its final reading of consumer sentiment in June was 84.1 That's an improvement from a preliminary reading of 82.7 issued on June 14.....And it is just slightly below May's final reading of 84.5, which was the highest since July 2007.....Rising household wealth was the main reason consumers remained optimistic.......
The average household has recovered only 45 percent of its wealth, relative to pre-recessionary levels.

http://www.stltoday.com/business/local/st-lou...
Level 8

Since: Aug 08

Location hidden

#49 Jul 30, 2013
Making fun of you wrote:
This is also an economy where, disabled sailors at the low end of the economic and social spectrum's can't even afford to maintain FREE profiles on chat rooms!
And speaking of people who post all day on Topix, what about lawyers who, if they were to become millionaires, would STILL not feel safe but, would continue to post on Topix telling people that poor people shouldn't be paid a minimum wage because they're only holding themselves back and stealing from the millionaires who- I might add- are not REALLY that safe and need more tax breaks!!!!!
Your witness, counselor...
I never said poor people shouldn't be paid the minimum wage. You said I said that.

Again, this plays better on your blog, where you can pontificate and distort, while your fellow bleeding hearts pat you on the back, tell you how smart and right you are, and giggle over how those with an opposing side are so nutty for making arguments they never made.
The Problem

United States

#50 Jul 30, 2013
Obama keeps talking about "roads and bridges" as the key to economic development. Um, Barry, you can build all the bridges and roads you want, pave them in 14 karate gold, and line them all with diamond-adorned LED street lights (which will freeze over in an ice storm).

Hey, Barry, let me let you in on a little secret.

PSSssssst! It's NOT the roads and bridges! We already have those, though some aren't in the best shape. The reason we do NOT have economic growth is a refusal to develop a COMMON SENSE energy policy, your promotion of destructive legislation (Cap & Tax and other enviro-NUT stuff), and your "signature piece", the Affordable Care Act, in terms of bureaucracy and snafus, the likes of which have never been seen before, not to mention all of the govt. RED TAPE (if only we could wrap that much red tape around terrorists/other bad guys, they would be defeated in a matter of minutes).

The American People don't want this stuff. You should have learned that in the 2010 mid terms but you didn't. Now, you're about to repeat history all over again.
SLACK

United States

#51 Jul 30, 2013
Larry Meber wrote:
<quoted text>LOL! You could blog- Oh. That;s right...sorry....
sup pusssccceeee
TedsLiver

San Jose, CA

#52 Jul 30, 2013
Just another pro class wafer article sponsored by the Obama administration.

“ROCK ON ROCKERS!!”

Level 8

Since: Mar 11

Rockin' USA ;)

#54 Jul 30, 2013
LET me STEP into their shoes for a day...I'LL REPORT MY FINDINGS!!!

Level 1

Since: May 13

Southaven, MS

#55 Jul 31, 2013
I actually understand this thought. Things are very different than in the past. A dollar isn't a dollar anymore. A friend just won three million at the casino and after taxes is taking home 1.6. Him and his wife both will continue to work, otherwise they would one day end up broke again with their expenses.

Times are different

Level 7

Since: Oct 12

Location hidden

#57 Jul 31, 2013
Sorry wrote:
<quoted text>I'm not the GOP, but I refuse to vote for tax & spend liberals. Any idiot that thinks you can spend your way out of debt doesn't deserve to be in charge of anything.
Do you understand that our national debt has dropped from $17.6 Trillion in 2012...to a current $16.7 Trillion under this administration?.....Still wanna talk about, "SPEND" ???

Level 7

Since: Oct 12

Location hidden

#58 Jul 31, 2013
Sublime1 wrote:
<quoted text>
The average household has recovered only 45 percent of its wealth, relative to pre-recessionary levels.
http://www.stltoday.com/business/local/st-lou...
Only an economy fool, would continue to point to pre-recession levels as the acceptable normal....Those days are over, time to establish the current slower, much healthier economy.....pre-recession?..My God.....

“*=* Always Thinking *=*”

Level 8

Since: Nov 12

Greensburg, IN

#59 Jul 31, 2013
greymouser wrote:
At one time, if you had a million in your bank savings account way back when at 5%, you'd get 50k per year in interest.
The median income in the article says 50k. That's only 20 years of a million dollars. If you don't plan to live more than 20 years, yeah, you're rich.
But now, a million is like Keyser Sose if you end up in the ICU at the hospital. All your work over the decades... fffft! it's gone.
A million dollars today is about the same as having 50 thousand in 1950.
Neither, then or now are rich!
Comfortable maybe*?*
But for how long*?*

=*= On a 'fixed income'@ the current inflation rate, consumer pricing, and taxes + a couple visits to the hospital; "&" it's all
"GONE!".
greymouser nailed it!

“100% Princess”

Level 8

Since: Jan 07

and totally harmless

#61 Jul 31, 2013
Go Blue Forever wrote:
<quoted text>You might need a larger circle of friends...From 30 days ago...CONSUMER CONFIDENCE HIGH, SURVEY REPORTS....AP(6-29-13)....A measure of U.S. consumer confidence stayed near a six year high in June as higher home prices boosted household wealth. This survey shows Americans remain upbeat about the economy, despite wild gyrations in the stock market......The University of Michigan said Friday that its final reading of consumer sentiment in June was 84.1 That's an improvement from a preliminary reading of 82.7 issued on June 14.....And it is just slightly below May's final reading of 84.5, which was the highest since July 2007.....Rising household wealth was the main reason consumers remained optimistic.......
If someone lives in a depressed area of the country, I don't think a larger circle of friends is necessarily the answer. A depressed area is a depressed area. That being said, I think there are other factors that are not considered in surveys and polls and statistical information--which is why I put very little stock in such things.

When the major employers in an area are cutting back so folks are unable to keep their lifestyle the same as 2 years ago--there is little confidence in the economy in that area.

When a major city declares bankruptcy--there is little confidence in the economy in that area.

When there are small businesses that put off hiring new or seasonal workers because business is down--there is little confidence in the economy in that area.

It's all relative. If you have a good job, just got a raise, and still have your savings, you have more confidence in the same economy than someone who's been unemployed for 3 years, and in danger of foreclosure.
Level 8

Since: Aug 08

Location hidden

#62 Jul 31, 2013
Go Blue Forever wrote:
<quoted text>Only an economy fool, would continue to point to pre-recession levels as the acceptable normal....Those days are over, time to establish the current slower, much healthier economy.....pre-recession?..My God.....
Oh so, really slow growth is what you meant by "The economy has been doing steadily well...hardly a poor economy...." I had no idea. Thanks for clearing that up.

Also, if it is not possible to return to pre-recession levels, how did the auto industry and housing industry defy your sound logic?

Level 7

Since: Oct 12

Location hidden

#63 Jul 31, 2013
You may want to remember back to the times, when the cry in America was.....WE WANT A WORLDWIDE, FREE MARKET ACCESS TO AMERICAN PRODUCTS.....Thinking that that was what we all needed....Unfortunately our Corporate Leaders, all found that an excellent oppurtunity to find cheaper employees and bigger dividends and profits......We Was Bamboozeled.....

Level 7

Since: Oct 12

Location hidden

#65 Jul 31, 2013
Sublime1 wrote:
<quoted text>
Oh so, really slow growth is what you meant by "The economy has been doing steadily well...hardly a poor economy...." I had no idea. Thanks for clearing that up.
Also, if it is not possible to return to pre-recession levels, how did the auto industry and housing industry defy your sound logic?
Part of what led to the crash, was an overheated economy...too much false advancement in too fast a time....Our current grounded, slow building economy is much more secure and fundamentally stronger.....Home construction's surge was partially responsible for pickup truck sales soaring, and auto sales were strong the last 1-2 years, due to increased consumer confidence.........
Level 8

Since: Aug 08

Location hidden

#66 Jul 31, 2013
Go Blue Forever wrote:
<quoted text>Part of what led to the crash, was an overheated economy...too much false advancement in too fast a time....Our current grounded, slow building economy is much more secure and fundamentally stronger.....Home construction's surge was partially responsible for pickup truck sales soaring, and auto sales were strong the last 1-2 years, due to increased consumer confidence.........
It was one sector ... the housing sector. Also if you contend that it was such a bad thing that it was so large, pre-recession, why would you then point out that it's attained it's pre-recessionary levels, as if this is a good thing, in one of your earlier posts. Clearly you want to have it both ways, when it suits you.

Part of the reason why the big three are doing so well too, is because they received huge union concessions. Even unions realized they played a large role in nearly killing the goose that lays their golden eggs.
all you reichtards

Hoffman Estates, IL

#68 Jul 31, 2013
Sublime1 wrote:
<quoted text>
It was one sector ... the housing sector. Also if you contend that it was such a bad thing that it was so large, pre-recession, why would you then point out that it's attained it's pre-recessionary levels, as if this is a good thing, in one of your earlier posts. Clearly you want to have it both ways, when it suits you.
Part of the reason why the big three are doing so well too, is because they received huge union concessions. Even unions realized they played a large role in nearly killing the goose that lays their golden eggs.
We get it. You don't WANT a recovery because that means your party "loses". That's the important thing, right? F America! If America wins now- with the black democrat in office- you scumbags "lose"! If Obama succeeds despite EIGHT YEARS of your heroes trying to thwart everything he does, you fools will feel like you wasted EIGHT YEARS!

Well, you did. You might as well have backed Al Queda. Stop and think about what GOP cooperation with Obama might have meant to the country. You said a few pages ago that you wouldn't feel comfortable with a million dollars. You'd want more. You're more than just a greedy scumbag though. In the back of your mind you realize that you know that your heroes have created an environment where a million dollars is not comfortable. A smart guy would realize that that is INSANE. But, your diseased mind believes the economy is in danger because poor people make too much money!

I'm not just picking on you so, don't get your legal panties in a wad. Or do. Who cares?

Level 7

Since: Oct 12

Location hidden

#69 Jul 31, 2013
Truth is, we've watched House republican's lower our Treasury's credit rating and stall this country's economic recovery for years.....all the while, wrapped in the flag.....
Level 8

Since: Aug 08

Location hidden

#70 Jul 31, 2013
all you reichtards wrote:
<quoted text>We get it. You don't WANT a recovery because that means your party "loses". That's the important thing, right? F America! If America wins now- with the black democrat in office- you scumbags "lose"! If Obama succeeds despite EIGHT YEARS of your heroes trying to thwart everything he does, you fools will feel like you wasted EIGHT YEARS!
Yep, I want Obama to fail. Thatís why I voted for him for his first term. Again, this plays MUCH better on your blog where you can ignore facts, such as this, that make your rants look nonsensical.
Level 8

Since: Aug 08

Location hidden

#71 Jul 31, 2013
all you reichtards wrote:
<quoted text>Well, you did. You might as well have backed Al Queda. Stop and think about what GOP cooperation with Obama might have meant to the country.
Stop and think about what it would mean? ROFLMAO. It would mean kicking the can down the road and doing absolutely nothing about our unsustainable spending and granting amnesty to 10-20 million mostly loyal democrat welfare recipients from foreign countries (importing poverty and welfare recipients).

Obama in 2006, said:

"The fact that we are here today to debate raising Americaís debt limit is a sign of leadership failure. It is a Sign that the US Government cannot pay its own bills. It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our Governmentís reckless fiscal policies....Increasing Americaís debt weakens us domestically and internationally. Leadership means that 'the buck stops here'. Instead, Washington is shifting the burden of bad choices today onto the backs of our children and Grandchildren. America has a debt problem and a failure of leadership. Americans deserve better."
What happened to that guy? I liked that guy. Thatís the guy I voted for. Problem is he wasnít that guy. It was nothing more than grandstanding.

You know Obama actually has a lot in common with you. When Bush was doing all that spending, according to Obama, it was failed leadership. When Obama is doing it, he expects us to think it is good leadership.

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