a paradox
https://www.zerohedge.com/economics/second-consecutive-quarter-what-americans-spent-most-money
Forum Discussion
ksg5000 wrote:
That makes no sense to me. While RV's are popular in the PNW the number of people who own them are a small fraction of the overall population. Suspect the same applies to the rest of the country.
That's because RV are a high ticket price item.
For sales, based on dollar value only, one person purchasing a $35,000 travel trailer would take 35,000 people buying a loaf of bread at $1.00 a loaf.
It doesn't take very many RV's sold to far surpass beyond anyone's imagination the dollar for dollar spent on bread, new shoes, or a new toaster, combined all together.
How much of that RV purchasing money is done with credit also. It's not like those RV's are being purchased with readily cash on hand and paid in full at the time of purchase. Take every away ever RV purchased on credit, and the numbers would be completely, significantly reversed. RV's would probably be at the bottom.
Numbers can be manipulated to mean anything. And no... you can't blame that on the President. You blame it on whoever is skewing the number to meet their objective. We all do it, even with our own personal finances. Remove credit cards out of the mix, and how much spending do we REALLY do! We, as a nation from the top all the way down to the bottom, are great at purchasing pretty much everything on money we don't actually have.
