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Planning by comparison


This useful site has been brought up before on this forum:
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Some may care to look at the tables showing quintiles of income. These have very detailed averages of expenditures covering many common categories. It may provide an easy method of comparing one's own expense categories to national averages for the income bracket.
I keep a record of expenses, but not as detailed as these. Checked the expenses for maintenance and repair on a house, and estimate that most spend about 1.2% of the market value paid (excluding land) annually. It doesn't seem to vary much from bracket to bracket (presumably fairly constant to the market value). I also found my electric bill is well above average. I also found I apparently prefer good home cooking over entertainment.
Reply to
dapperdobbs

Hoping to squeeze this in without starting a whole new topic on it, the article linked below addresses AIG lawsuits. Some individuals have been convicted and fines levied.
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There aren't many details as to sentences. It isn't a huge lot, and certainly doesn't cover all the people involved in the broader sphere who also mere material in criminal actions. It's a start, and together with judges protesting leniency of some settlements, maybe we will see some bank-jerks' fortunes and futures ruined, as their actions nearly ruined all of ours. The objective is to restore a sense of law.
Reply to
dapperdobbs

On the same CNBC page, this brief article followed (linked):
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These infirm entities who falsely filed and mislead investors - and led with immoral, illegal, and sickeningly greedy 'ethics', are a tiny minority of this country. IMO we must, as this article states, let them know that their kind of person will not be tolerated. Then we can restore some confidence in the markets and their functioning.
Reply to
dapperdobbs

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