US EditionPoor people have too much money
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Since the pandemic, older people have been saving more than other age groups, which is increasing their wealth and slowing growth. But the age criterion masks significant income disparities.
Poor people have too much money
What do the following have in common? Sports gambling Prescription drug TV advertisements Thousand-dollar concert tickets Monster pickup trucks Monster RVs Monster waistlines Monster wives Monster children Cigarettes Soda pop Fingernails Credit card debt Lottery tickets Fast food Pot Tattoos Expensive phones Fast food The answer is this: The consumers of these goods and services are often relatively poor. Poor people are bad at both making mone…
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