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US Wage growth: Perception and Reality
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09-06-2006, 08:41 PM
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vintsqyuid
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Oct 2005
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Originally posted by pchang
Does it really matter where your money comes from? What is the real difference between wages, investment returns, rent, etc. to one's ability to spend?
Are you saying that lower income people have no other source of income than wages (like savings account interest, tax credits, WIC, etc.)? YES. HOw many people in the lower ends get Investment returns? I mean, when the hell did they get money to invest?
Many of them might get tax credits back, but then that is ususally alump sum. And these [people increasingly have large debts they have to service, which they do by borrowing anyways, so there are no savings.
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