None of the above, it is evidence that the US Bureau of Economic Analysis Personal Income metric "does not include realized or unrealized capital gains or losses." So for example if you sell some stocks for a profit and then spend that money on something, this blog post would consider that "dissaving", because the money you made on the sale isn't part of your Personal Income.
I'm thinking that "sell some stock for a profit" is really not an option for most of America's less-well-off. Similar for unloading one of their nice houses, or part of their art collection, or ...
Well something like 50% of working age Americans have some kind of retirement account, and taking money out of that usually involves capital gains. Two thirds of households own their own homes, and it doesn't matter how nice the house is, if you sell it and move that's a big chunk of money in your bank account that didn't come from Personal Income.
You're right that a lot of people don't have any kind of investments or houses to sell, and I think most of them are in the 20% here that spends less than their Personal Income.
Comments
None of the above, it is evidence that the US Bureau of Economic Analysis Personal Income metric "does not include realized or unrealized capital gains or losses." So for example if you sell some stocks for a profit and then spend that money on something, this blog post would consider that "dissaving", because the money you made on the sale isn't part of your Personal Income.
I'm thinking that "sell some stock for a profit" is really not an option for most of America's less-well-off. Similar for unloading one of their nice houses, or part of their art collection, or ...
Well something like 50% of working age Americans have some kind of retirement account, and taking money out of that usually involves capital gains. Two thirds of households own their own homes, and it doesn't matter how nice the house is, if you sell it and move that's a big chunk of money in your bank account that didn't come from Personal Income.
You're right that a lot of people don't have any kind of investments or houses to sell, and I think most of them are in the 20% here that spends less than their Personal Income.