Comments by "Matthew Loutner" (@Matthew_Loutner) on "Fastepo "
channel.
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@riceball4u172 Nice try. But you do not know the United States or economics.
The Americans are the richest people in the world and they are HUGE, HUGE consumers. It is consumer culture in America. They buy houses, cars, motorcycles, boats, recreational vehicles, watches, jewelry, clothes, shoes, new furniture for the house, buy a house at the beach, get a pickup truck, buy a riding lawnmower, trade the car for a bigger car, build a 4-car garage, sell the house and buy a bigger house with an attached garage, buy some land in the country, build a house there, build a barn, get some horses, go on vacation . . .
American life can be exhausting because it is buy, buy, buy . . . spend, spend spend. All day . . every day.
The median American income is $50,000.
The median Chinese income is $13,000.
There is no comparison.
On the other hand, only 400 million people are in the Chinese consumer economy. One billion Chinese people are sideline. They live in poverty and do not have money to spend.
China has 400 million consumers.
America has 346 million consumers.
And American consumers have 4 times more money to spend.
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