If you have a head on your shoulders, you can preserve a lot of wealth simply by existing in this top 10% without falling prey to overconsumption

90% of America lives without buying a ton of excess crap. You can, too.

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WSJ: "The top 10% of earners in the U.S. now account for 49.7% of all spending, a record in data going back to 1989. Three decades ago, they accounted for about 36%."

It is surging stock and property markets that seem to drive their disproportionate spending.…

Michael Pettis

If you have a head on your shoulders, you can preserve a lot of wealth simply by existing in this top 10% without falling prey to overconsumption

90% of America lives without buying a ton of excess crap. You can, too. 

https://x.com/michaelxpettis/status/1893924998190113019

The Farcaster formerly known as Kchamp. Books, beats, bodybuilding, bright ideas and beautiful things.

katherinechampagne.com

Do not keep up with the Jones’. You have nothing to prove to them. Almost all of it is worthless junk. Don’t do it.

None of this is going to end well. All of the historical parallels are rotten. Everything is extremely fake. All the growth is a mirage.

writer. doing something else. https://linktr.ee/rileybeans_eth

I was just talking with @jc4p about this but it is very hard to exit the status signaling game. Like I am fairly flippant in my casts but you basically have so much pressure. The world will tell you that you suck.

my parents tried to keep up with the middle class Jones' on a shoestring budget because small town America breeds that mentality. ended up costing them multiple bankruptcies

They genuinely think this way. It would be sad if it weren’t so pathetic

But how I will I survive without my 8sleep and athletic greens and new Tesla and Nikita bier sponsored bodyguard uber apps and soho house and…