There's almost nothing I want to buy that costs between "iPad pro" and "mansion with no mortgage." This is why middle class is doomed.
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I used to think upper and lower classes were defined by voluntary and involuntary risk taking respectively, middle class by risk aversion.
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Now I think there's no such thing as a class defined by risk aversion since no other class would cover for such a class.
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@vgr what abt the 6 billion+ not in dvlpd economies? are they intgrl to ur model? -
@AdvaitaCoach no
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@vgr Home ownership used to be a special case: for almost all Americans it was the only appreciating investment they owned.Thanks. Twitter will use this to make your timeline better. UndoUndo
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@vgr Education isn't with the debt risk? For maybe 5% of population.Thanks. Twitter will use this to make your timeline better. UndoUndo
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