Anybody know if there is any truth to this? Yes Americans are way over extended on debt.
Any time you’re talking statistics?
“This” is the base
- 80 / 20 (minus “outliers” that don’t even rate a full percent, like 1:1,000,000, whereas a whole percent is 1:100)
- 75 / 10 / 5 / 2.5 / 0.5 / + infinitesimal scattergorizing+ outliers.
IE Most, Some, Few. Outliers. (Outliers are wildly off course, whether in glut or absence. Like outliers are allergic to Tylenol. Whilst not just most, but the overwhelming,long majority, are just fine with Tylenol; outliers can & do happen. They’re just so incrediably rare as to not make the count. Except? For statisticians and warning labels.). The 1-3% in wealth. The 1-3% in tragedy. Same, statistically.
What your husband read? Is probably true. As, after a couple years in Covid, plus a couple of years “catching up”, means that MOST consumers will hit a slump… but? That’s not an end of the world thing. That’s a natural human thing. That businesses? Need to be veeeeeery aware of. But we’re also not talking zombie apocalypse. We’re talking natural human behavior following a slump. There is going to be increased consumption following a famine. Full stop.
It will spike, then even out.
Then the slump.
A couple years in famine. A couple years in “catching up”. A couple years equalizing.
Back to “normal”.
