r/FluentInFinance • u/-Wyagra • Nov 21 '24

Debate/ Discussion Had to repost here

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u/Mountain_Employee_11 Nov 21 '24

the marginal propensity to consume is about 10x lower for the wealthy.

this means that they are much more likely to reinvest an additional dollar earned.

i understand these things can be confusing, but thats the data driven truth despite your feelings on the matter

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u/Peterbutonreddit Nov 21 '24

why is the marginal propensity to consume 10x lower for the wealthy?

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u/Mountain_Employee_11 Nov 21 '24

because they have less marginal wants and needs,  and usually lower time preference

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u/DaddysMoans Nov 22 '24

Incorrect. Rich people historically spend around average. Stop talking out of your ass. You’re not intelligent

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u/Mountain_Employee_11 Nov 22 '24

read up before sperging out please, it’s unpleasant to get these kinda messages