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From big to giant: Behemoth TVs start to take off [AP says $75,000 is "lower-income"
Associated Press ^ | July 1, 2014 | Anne d'Innocenzio

Posted on 07/01/2014 7:47:58 PM PDT by grundle

Americans increasingly are replacing their once-enviable 50-inch TVs with even bigger screens. Think: 65-inches and up.

Lower-income shoppers are accounting for a larger share of the supersized TVs. In the year that ended in April, 61 percent of TVs 60 inches or larger were purchased by shoppers with household incomes of $75,000 or less, up from 45 percent a year earlier, according to NPD.

(Excerpt) Read more at news.yahoo.com ...


TOPICS: Miscellaneous
KEYWORDS:
According to Associated Press, someone who makes $75,000 a year is "lower income."
1 posted on 07/01/2014 7:47:58 PM PDT by grundle
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To: grundle

It’s true.


2 posted on 07/01/2014 7:48:47 PM PDT by ifinnegan
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To: grundle

Funny, I don’t *feel* poor...


3 posted on 07/01/2014 7:50:11 PM PDT by Nervous Tick (Without GOD, men get what they deserve.)
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To: ifinnegan

Sad, but true. $75,000 a year isn’t what it once was. I believe a 10% real inflation rate doubles prices (on average) every seven years. Most of us are losing buying power at a very brisk clip as our wages stagnate. The stock bubble is about the only thing rising nearly as fast as inflation, and it could blow at any moment. In my opinion, it’s only growing because Americans have almost nowhere else to put money to try and preserve the value of their savings.


4 posted on 07/01/2014 7:56:11 PM PDT by CitizenUSA (America for Americans first!)
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To: grundle

I guess I must be missing out on that O gravy train when I buy $1 bread at Wal-Mart.


5 posted on 07/01/2014 7:56:17 PM PDT by F15Eagle (1Jn4:15;5:4-5,11-13;Mt27:50-54;Mk15:33-34;Jn3:17-18,6:69,11:25,14:6,20:31;Ro10:8-11;1Tm2:5-6;Ti3:4-7)
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To: F15Eagle

Milk costs $2-4 a gallon, bread is from eighty-eight cents to whatever, eggs are $1 a dozen at Aldi and butter is $2.


6 posted on 07/01/2014 7:58:29 PM PDT by 2ndDivisionVet (The most dangerous man to any government is the man who is able to think things out for himself.)
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To: grundle

75k household — two people making 37.5 k. In this inflationary economy, that’s lower income.


7 posted on 07/01/2014 7:59:28 PM PDT by WilliamIII
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To: grundle
Boy, I remember when 19-inch TVs were considered huge.

Then they didn't work, so you put the 14-inch black-and-white TV on top of it.

8 posted on 07/01/2014 7:59:35 PM PDT by Extremely Extreme Extremist
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To: F15Eagle

Yep. They are wiping out the so called middle class. Oh, you might make $75,000 a year which sounds like a lot of money, but good luck feeding a family when food is doubling in price every 7 years (or less).


9 posted on 07/01/2014 7:59:49 PM PDT by CitizenUSA (America for Americans first!)
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To: ifinnegan

No State in the U.S. had a median household income of over $70,000 in 2011. That means that statistically over half the households in the U.S. brings in under $70,000 a year.

So you believe that over half of the U.S. households are “lower-income”?


10 posted on 07/01/2014 8:00:44 PM PDT by Anitius Severinus Boethius (www.wilsonharpbooks.com - Eclipse, the sequel to Bright Horizons is out! Get it now!)
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To: grundle

I know a ton of folk’s who don’t have cable or dish. If you want to see a net flex movie just hang a big sheet and you are good to go.


11 posted on 07/01/2014 8:01:10 PM PDT by Coldwater Creek
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To: CitizenUSA

“Oh, you might make $75,000 a year which sounds like a lot of money, but good luck feeding a family when food is doubling in price every 7 years (or less).”

Let’s not forget taxes.


12 posted on 07/01/2014 8:02:20 PM PDT by Huskrrrr
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To: grundle

I know a ton of folk’s who don’t have cable or dish. If you want to see a net flex movie just hang a big sheet and you are good to go.


13 posted on 07/01/2014 8:02:57 PM PDT by Coldwater Creek
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To: grundle

It depends on where you live. In the NYC area, $75k is not that great.


14 posted on 07/01/2014 8:04:24 PM PDT by Blood of Tyrants (Haven't you lost enough freedoms? Support an end to the WOD now.)
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To: grundle

I didn’t get my first color tv until I was in my mid 20’s.


15 posted on 07/01/2014 8:09:02 PM PDT by umgud (I couldn't understand why the ball kept getting bigger......... then it hit me.)
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To: grundle

Everybody knows when tax refund checks come in, (to those who pay no taxes) the first thing they buy is a big screen tv.


16 posted on 07/01/2014 8:11:50 PM PDT by Wildcat Stevens
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To: CitizenUSA

’ In my opinion, it’s only growing because Americans have almost nowhere else to put money to try and preserve the value of their savings’

Gold, silver, ammo, guns, food, veggie seeds. Not necessarily in that order. You will not lose money.


17 posted on 07/01/2014 8:17:24 PM PDT by Foundahardheadedwoman (God don't have a statute of limitations)
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To: CitizenUSA

When they say 75k are they talking before or after taxes? If it is before taxes what about the hidden taxes? To net 75k you probably have to gross slightly over a 100k, just a guess on my part.


18 posted on 07/01/2014 8:21:16 PM PDT by Foundahardheadedwoman (God don't have a statute of limitations)
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To: Anitius Severinus Boethius

Also shockingly nearly 50% of all Americans have below average intelligence


19 posted on 07/01/2014 8:39:12 PM PDT by LukeL
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To: LukeL

Yes, I understand what median means. But I would not assume that below average income means “lower-income”. Would you?


20 posted on 07/01/2014 8:55:31 PM PDT by Anitius Severinus Boethius (www.wilsonharpbooks.com - Eclipse, the sequel to Bright Horizons is out! Get it now!)
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To: Anitius Severinus Boethius

It was a joke, yes, and I do not think 75K is low income. However as this writer is probably from New York, LA, or Boston, 75K is low income.


21 posted on 07/01/2014 9:04:20 PM PDT by LukeL
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To: Anitius Severinus Boethius
Absolutely. Who do you think keeps voting for dems?
22 posted on 07/01/2014 9:07:22 PM PDT by Pox (Good Night. I expect more respect tomorrow.)
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To: Anitius Severinus Boethius

GDP per capita is ~$53k depending on who is doing the calculating.

Most households have only one full time job.

Many single/divorced households.

Defining lower income as households making $75k or less is rather high IMO but not ridiculously unreasonable.


23 posted on 07/01/2014 9:08:28 PM PDT by Reaganez
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To: Reaganez

Where I am, $75k would be considered doing very well. Upper middle class. It just amazes me how much people are willing to pay to live when there are plenty of great places that don’t cost an arm and a leg.


24 posted on 07/01/2014 9:12:25 PM PDT by Anitius Severinus Boethius (www.wilsonharpbooks.com - Eclipse, the sequel to Bright Horizons is out! Get it now!)
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To: 2ndDivisionVet

They put up a few of those Aldi’s here in the Atlanta area.

I’ve never been in, but they look way too small to have any great bargains.

What are they, stores for the mob to launder money?


25 posted on 07/01/2014 9:25:29 PM PDT by eddie willers
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To: Extremely Extreme Extremist
Boy, I remember when 19-inch TVs were considered huge.

Then they didn't work, so you put the 14-inch black-and-white TV on top of it.

I guess we were rich.

We had the 19" on top of our broken 25" color console.

26 posted on 07/01/2014 9:27:59 PM PDT by eddie willers
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To: grundle

The poor can’t afford them so we must subsidize them.


27 posted on 07/01/2014 9:37:51 PM PDT by Graybeard58 (1 For every beast of the forest is mine, and the cattle upon a thousand hills. Psalm 50 v 10)
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To: eddie willers

Not at all. They have a limited selection, but what they do have is usually very reasonable and good, including house brands. Look at their website and find the weekly specials for your area, I think that you’ll be impressed.


28 posted on 07/01/2014 9:44:06 PM PDT by 2ndDivisionVet (The most dangerous man to any government is the man who is able to think things out for himself.)
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To: grundle

“Frank’s 2000” TV” - Weird Al Yankovic

Risin’ above the city, blocking out the noonday sun
It dwarfs the mighty redwoods and it towers over everyone
I still remember when that delivery truck came down our block
What a lucky guy, I hear he got the last one in stock
And the neighbors are just green
They say, “That’s the biggest screen we’ve ever seen!”

It’s Frank’s 2000” TV (Frank’s 2000” TV)
Everbody come and see(Frank’s 2000” TV)
Frank’s 2000” TV (Frank’s 2000” TV)

That’s Frank’s remote control, you can look, but don’t touch it, please
‘Cause Frank’s the one in charge and he decides what everybody sees
The picture’s crystal clear and everything is magnified
Robert DeNiro’s mole has got to be ten feet wide
Everybody in the town
Can hear those 90,000 watts of Dolby sound
And I’m mighty proud to say
Now I can watch “The Simpsons” from thirty blocks away

On Frank’s 2000” TV (Frank’s 2000” TV)
Everybody come and see (Frank’s 2000” TV)
Frank’s 2000” TV (Frank’s 2000” TV)
Everybody come and see (Frank’s 2000” TV)

I’m gonna get one of my own real soon
It’s like having a drive-in movie in your own living room
Whoa, hey now... hey now na na na now
Hey now... hey now na na now

Frank’s 2000” TV (Frank’s 2000” TV)
Everybody come and see (Frank’s 2000” TV)
Frank’s 2000” TV (Frank’s 2000” TV)
Got a two year warranty on parts and labor
Frank’s 2000” TV (Frank’s 2000” TV)
Frank’s 2000” TV


29 posted on 07/01/2014 9:49:22 PM PDT by dfwgator
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To: Anitius Severinus Boethius

i just read here last week half of the working americans make less than 30 grand a year.


30 posted on 07/01/2014 10:02:49 PM PDT by Secret Agent Man ( Gone Galt; Not averse to Going Bronson.)
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To: umgud

didn’t get a cell phone until my thirties. not anything special either.


31 posted on 07/01/2014 10:03:58 PM PDT by Secret Agent Man ( Gone Galt; Not averse to Going Bronson.)
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To: eddie willers

actually they aren’t bad, some of their stuff.


32 posted on 07/01/2014 10:05:03 PM PDT by Secret Agent Man ( Gone Galt; Not averse to Going Bronson.)
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To: Las Vegas Dave

HD Bump


33 posted on 07/01/2014 11:20:23 PM PDT by Pontiac (The welfare state must fail because it is contrary to human nature and diminishes the human spirit.)
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To: grundle
Sam's Club CEO Rosalind Brewer says the trend is "counterintuitive" to the overall frugality it's seeing from members, who are switching to cheaper chicken from more expensive cuts of beef.

To those of us old enough to remember the Soviet Union it is not all that surprising.

As the Soviet Union slowly imploded Cheap Entertainment became the staple of the masses. Vodka

It has always been the same with the capitalist countries as well. Certain things are recession proof. Booze and movies.

When the good things in life become less affordable the disadvantaged will still spend what little disposable income they have on the things that help them escape from their troubles. TV is one of those things.

Welcome to Obama’s America where the working poor are saving their pennies so they can get a better boob tube to help them escape from their vanishing future.

34 posted on 07/01/2014 11:50:50 PM PDT by Pontiac (The welfare state must fail because it is contrary to human nature and diminishes the human spirit.)
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To: Pontiac; ADemocratNoMore; advertising guy; aft_lizard; AJMaXx; Alice in Wonderland; ...
Special thanks to Pontiac for the ping..

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LasVegasDave.

35 posted on 07/02/2014 3:47:45 AM PDT by Las Vegas Dave (The democRATic party preys on the ignorant..!)
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To: Anitius Severinus Boethius

But those places don’t have many great jobs.


36 posted on 07/02/2014 3:54:32 AM PDT by Reaganez
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To: CitizenUSA
Sad but true. $75,000 isn't what it once was.

My personal thinking is that $75,000 is somewhere near the cutoff for participants in the real economy. That would be people who have enough financial resources to be able to be independent financially and have money to spend on extras.

Probably about 25% of US citizens have the potential to live that independent economic lifestyle. The other 75% (or so)? The little people don't count, except as a cash crop for the elite.

For a lot of people with the potential to be economically comfortable, they make stupid economic decisions that keep them impoverished....more cash crop for the elite.

These are my cynical personal views from reading and observing. "Grania's Hypothesis" of our economy...no proof, just conjecture.

37 posted on 07/02/2014 3:58:25 AM PDT by grania
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To: Reaganez

Circular logic.

If $75,000 a year will buy you a nice house, pay for food, clothing, travel, etc. as if you were making $250,000 in another location, then it is “a great job”.

The purchasing power of the job is what matters, not what someone in a higher cost of living area thinks you should make to have a “great job”.


38 posted on 07/02/2014 6:07:05 AM PDT by Anitius Severinus Boethius (www.wilsonharpbooks.com - Eclipse, the sequel to Bright Horizons is out! Get it now!)
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To: Anitius Severinus Boethius

It matters not as much how much you make, but how much you spend.


39 posted on 07/02/2014 6:57:17 AM PDT by UCANSEE2 (Lost my tagline on Flight MH370. Sorry for the inconvenience.)
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To: grundle

I still watch a 1982 Zenith console, been using it every day since April of 1983.


40 posted on 07/02/2014 6:51:01 PM PDT by Nowhere Man (Mom I miss you! (8-20-1938 to 11-18-2013) Cancer sucks)
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