You are viewing a single comment's thread from:

RE: Trading It All Away

in LeoFinance11 months ago

He who buys what he does not need steals from himself.

I like that.

What is interesting is that we are heavily influenced to consume, yet it is much, much harder to influence us to save.

I think this might be because the "rush" comes from the things we buy, not the saving itself. It's like delayed conditioning so it's not as effective as other forms of association.

$55,000 per capita

There is definitely a skew here. I suspect the average salary isn't even that high.

Sort:  

I think this might be because the "rush" comes from the things we buy, not the saving itself.

Yep - the instant gratification of buying something for $100, is far more satisfying than investing $100

There is definitely a skew here.

Definitely a skew for disposable income. Interestingly though;

The average annual average salary in the U.S. is $60,575. The median annual salary, which is often less skewed by outlying numbers, is $56,420.