https://old.reddit.com/r/Economics/comments/16lx8rs/median_household_income_after_taxes_fell_88_in
/h/peakpoors
lnternetCustodian
clean/mop
Y'all can't behave
1yr ago
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1,089 thread views
#205952
r/economics: Median Household Income After Taxes Fell 8.8% in 2022 
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Thirtythirst4sissies
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I see the poors are pretending to be big wallet niggas again est. 2016
Hello, welcome to 'I see the poors are pretending to be big wallet gangstas again'
This hole exists as a safe space for refugees from the Facebook(MetaTM groups of the same name. Of which there have been several iterations. We mostly exist to poke fun at the state of living in poverty. While it oftentimes is unavoidable, we do aspire to not be meanspirited. Over the years we have co-opted the term 'Peak Poor' to being someone who exudes poverty, regardless of their actual net worth. Trump and Elon both exhibit the peak poor ethos from time to time while still being the top 0.000001%. You can do something peak poor and still be a good person or a generally adjusted one. We all have a bit of poor in us.
We basically fill a niche similar to fatpeoplehate with a bit less actual malice.
PeakPoor is shotgunning mountain dews at 5 years old.
PeakPoor is not people dying of poverty. While technically the greatest heights of poverty is succumbing to it this is not funny, and is a failure
of capitalism. We do not make fun of poverty to be mean spirited such as that.
Read the room, if it's punching down too hard or really digging into someone whos a sympathetic character it doesn't belong here. (basically READ THE ROOM)
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Subscribe to this hole, it's important that we get our numbers up. Love numbers = peak poor
Bonus points for making your post title some variation of peak poor. (Pinnacle of Poverty, Prowess of the Penniless)
I am looking for a mod who will help me grow this place and encourage the facebook community where the majoryity of our members reside
to migrate. Contact me if interested.
I really do love you all so very much, i'm even spending drama coin to get some banners and marseys. thanks for being a part of the community.
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https://www.forbes.com/advisor/investing/what-is-a-recession
The US and UK both used this definition until the white house decided it should be different because then they would have had to say a year ago that the US was in a recession
https://en.wikipedia.org/wiki/Recession
Things havent gotten better really since, I wonder what doublethink word redefining theyll do to push the admission of an economic downturn till after Nov 24.
https://www.theguardian.com/business/2023/may/31/uk-and-us-poised-to-fall-into-recession-as-interest-rates-dampen-growth
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The group that dates recessions in the US isn't even part of the US government. This is one of the dumbest rightoid conspiracy theories out there.
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Didn't they try to edit that page last time it was in the media?
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https://www.newsweek.com/wikipedia-editing-recession-joe-biden-rejects-claims-economy-1729065
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Lmao idk why you guys keep telling this lie. The WH never changed or did anything.
As was poonted out last time you tried this lie a recession is declared on multiple metrics and there have been times whete recessions were not declared before this.
A recession basically isnt going to be declared with a strong employment number.
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You mean, two consecutive quarters of declining GDP in the US where we didn't declare a recession? When?
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No, NBER uses several metrics to determine recession. You can have a few quarters of negetive gdp growth without a recession if the other metrics are good.
The EU has had recessions without 2 quarters of negative gdp growth, that alone should tell you the defining metric is not negative gdp growth, and why NBER uses several metrics.
This isnt even getting into the fact is typically takes nber over a year to even call a recession.
https://www.dallasfed.org/research/economics/2022/0802
Nothing done here was wrong lol, rightoids are just genuinely stupid people.
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Oh okay so they're not using the common definition of "two consecutive quarters of negative growth". The definition we've used for decades. They're using their own definition which conveniently paints a rosier picture.
I kinda figured as much but thought maybe this time you had a point.
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Its not a definiton lmao. You can find papers on this from years ago.
You cant declars a recession when every metric but one is good.
Feel free to show me when NBER ever changed their own definition.
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