this is going to sound bad.... I have no sympathy for the botton 20%, they are that way for a reason. These people dont have the drive to do anything let alone do better for themselves. These people have the power to take their destiny in their own hands yet they do NOTHING.
re-read what I wrote.
It's not about them. It's about YOU.
When they cut their spending by 30%, YOU WILL FEEL IT.
Your stock in every company will drop. Remember- they spend everything they earn. If you raise the price, they stop spending so much. When 50 million people cut their spending at Walmart by 30%, what does that do to WMT in your stock portfolio?
andddddddddd.... when that happens, walmart cuts 20% of their staff. So you have a shitload of new homeless people sapping up welfare and emergency room services.
This doesn't just happen at walmart, it happens at every store, every industry, every plant.
You NEED the poor to keep your money, bro.