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The New Coffee Room

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  3. Mildly interesting

Mildly interesting

Scheduled Pinned Locked Moved General Discussion
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  • HoraceH Horace

    That guy and his hot takes. It can't just be an interesting stat, it's gotta be all the tension in the whole society boiled down into one graphic.

    MikM Offline
    MikM Offline
    Mik
    wrote last edited by Mik
    #2686

    @Horace said in Mildly interesting:

    That guy and his hot takes. It can't just be an interesting stat, it's gotta be all the tension in the whole society boiled down into one graphic.

    How much tension can there be in a society so rich? Are there proportionately more in poverty now than then? Of course, then you get into defining poverty which is its own can of worms and depends on the result one desires.

    "The intelligent man who is proud of his intelligence is like the condemned man who is proud of his large cell." Simone Weil

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    • jon-nycJ Offline
      jon-nycJ Offline
      jon-nyc
      wrote last edited by
      #2687

      Considering millennials can be as old as 45 there can be a lot of tension. We have made it illegal to build houses in much of the country and that policy has winners and losers.

      Thank you for your attention to this matter.

      1 Reply Last reply
      • taiwan_girlT Offline
        taiwan_girlT Offline
        taiwan_girl
        wrote last edited by
        #2688

        "Taxi" is one of the few (maybe only?) words that means the same and sounds the same in (almost) every language in the world.

        English – Taxi (pronounced: /ˈtæksi/)
        Chinese (Mandarin) – 計程車 (okay - this is not quite taxi. Actually means "car that calculates by distance". LOL. But if you say "taxi", everybody will understand you.)
        Spanish – Taxi (pronounced: /ˈtak.si/)
        French – Taxi (pronounced: /takˈsi/)
        German – Taxi (pronounced: /ˈtaksi/)
        Russian – Такси (tak-si)
        Arabic – تاكسي (tak-see)
        Japanese – タクシー (takushii)
        Hindi – टैक्सी (taiksee)
        Indonesian - taksi
        Thai - แท็กซี่ (tháek sîi)
        Japanese - タクシ (takushi)
        ーetc.

        1 Reply Last reply
        • jon-nycJ jon-nyc

          IMG_7817.jpeg

          LuFins DadL Offline
          LuFins DadL Offline
          LuFins Dad
          wrote last edited by
          #2689

          @jon-nyc said in Mildly interesting:

          IMG_7817.jpeg

          I don’t know that’s a very useful stat. The percentage of income is going to drop as the car is paid off.

          The Brad

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          • jon-nycJ Offline
            jon-nycJ Offline
            jon-nyc
            wrote last edited by
            #2690

            One imagines that at a population level it’s pretty stable and depends on both economic factors and social factors.

            How much of those large numbers in the south east are due to young men really wanting a big ass truck?

            Also there’s a large population for whom ‘paying off a car’ isn’t a thing. One leases in perpetuity because it’s the “cheapest” (sic) way to own a car.

            Thank you for your attention to this matter.

            LuFins DadL 1 Reply Last reply
            • jon-nycJ jon-nyc

              One imagines that at a population level it’s pretty stable and depends on both economic factors and social factors.

              How much of those large numbers in the south east are due to young men really wanting a big ass truck?

              Also there’s a large population for whom ‘paying off a car’ isn’t a thing. One leases in perpetuity because it’s the “cheapest” (sic) way to own a car.

              LuFins DadL Offline
              LuFins DadL Offline
              LuFins Dad
              wrote last edited by
              #2691

              @jon-nyc said in Mildly interesting:

              One imagines that at a population level it’s pretty stable and depends on both economic factors and social factors.

              How much of those large numbers in the south east are due to young men really wanting a big ass truck?

              Also there’s a large population for whom ‘paying off a car’ isn’t a thing. One leases in perpetuity because it’s the “cheapest” (sic) way to own a car.

              Are leases auto debt calculated at the total cost of the vehicle or the total lease commitment for this purpose?

              The Brad

              jon-nycJ 1 Reply Last reply
              • jon-nycJ jon-nyc

                LuFins DadL Offline
                LuFins DadL Offline
                LuFins Dad
                wrote last edited by LuFins Dad
                #2692

                @jon-nyc said in Mildly interesting:

                When over the last 100 years hasn’t the majority of the wealth been in the generation’s whose children are now adults and self reliant. As life expectancies have increased, it’s natural for that to shift even more. The issue isn’t where the wealth is concentrated, the issue is the costs of first time home ownership as a percentage of income as well as the costs of education. And it’s a cascading effect as parents are less able to contribute as much to the education and initial savings.

                The Brad

                jon-nycJ 1 Reply Last reply
                • LuFins DadL LuFins Dad

                  @jon-nyc said in Mildly interesting:

                  One imagines that at a population level it’s pretty stable and depends on both economic factors and social factors.

                  How much of those large numbers in the south east are due to young men really wanting a big ass truck?

                  Also there’s a large population for whom ‘paying off a car’ isn’t a thing. One leases in perpetuity because it’s the “cheapest” (sic) way to own a car.

                  Are leases auto debt calculated at the total cost of the vehicle or the total lease commitment for this purpose?

                  jon-nycJ Offline
                  jon-nycJ Offline
                  jon-nyc
                  wrote last edited by
                  #2693

                  @LuFins-Dad said in Mildly interesting:

                  @jon-nyc said in Mildly interesting:

                  One imagines that at a population level it’s pretty stable and depends on both economic factors and social factors.

                  How much of those large numbers in the south east are due to young men really wanting a big ass truck?

                  Also there’s a large population for whom ‘paying off a car’ isn’t a thing. One leases in perpetuity because it’s the “cheapest” (sic) way to own a car.

                  Are leases auto debt calculated at the total cost of the vehicle or the total lease commitment for this purpose?

                  My bad. I was thinking of that as payment as a percentage of income. Leases wouldn’t show up in this data at all.

                  Thank you for your attention to this matter.

                  1 Reply Last reply
                  • LuFins DadL LuFins Dad

                    @jon-nyc said in Mildly interesting:

                    When over the last 100 years hasn’t the majority of the wealth been in the generation’s whose children are now adults and self reliant. As life expectancies have increased, it’s natural for that to shift even more. The issue isn’t where the wealth is concentrated, the issue is the costs of first time home ownership as a percentage of income as well as the costs of education. And it’s a cascading effect as parents are less able to contribute as much to the education and initial savings.

                    jon-nycJ Offline
                    jon-nycJ Offline
                    jon-nyc
                    wrote last edited by
                    #2694

                    @LuFins-Dad

                    I think the general shape of intergenerational wealth shift is unchanged in the modern era but the timing has probably shifted considerably for the reasons you state - homeownership is a big chunk of middle class wealth as they age and younger generations are starting that much later.

                    Thank you for your attention to this matter.

                    1 Reply Last reply
                    • HoraceH Offline
                      HoraceH Offline
                      Horace
                      wrote last edited by
                      #2695

                      Renting and investing has probably been a better wealth accumulator for the past 25 or so years.

                      Education is extremely important.

                      1 Reply Last reply
                      • HoraceH Offline
                        HoraceH Offline
                        Horace
                        wrote last edited by
                        #2696

                        Some literally Olympic-caliber break dancing at a town hall:

                        Link to video

                        Education is extremely important.

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