62% of Americans have less than $1000 in savings

[winb83]

I can see having less than that in a checking account but A savings account. I wouldn't feel comfortable if my savings dipped below $10,000.

 

[G.O.A.T Squad Spokesman]

I knew none of my coli brehs was in that 58% of society. All my dudes on here caked out.

 

[Devil Plisken…CMS]

not to sound like a dikkhead, but a G isn't a hell of a lot of money in 2018. it would be pretty crazy if 60 percent of adults dont have that on hand

You don’t know the half

 

[Soundbwoy]

Contrary to popular belief, most people live check to check or damn close to it. This includes a significant portion of people who make 6 figures or close to it. Ask anyone who has experience in personal finance.
On a side note, more and more people leave money that would have gone into a savings account, into various investment accounts instead. This is part of the reason as well. People invest their money more than ever now which means less and less leave it sitting in savings accruing practically nothing.

my boss make 6 figures + monthly bonuses and lives check to check

 

[mamba]

Contrary to popular belief, most people live check to check or damn close to it. This includes a significant portion of people who make 6 figures or close to it. Ask anyone who has experience in personal finance.
On a side note, more and more people leave money that would have gone into a savings account, into various investment accounts instead. This is part of the reason as well. People invest their money more than ever now which means less and less leave it sitting in savings accruing practically nothing.

This is true. I'd be curious to see, of those people who have less than $1000 in a traditional savings account, how many have money in investment accounts.

Maybe they only have $1000 in a savings account, but $1000+ in an investment account?

I think they need to repeat this study.

 

[Barnett114]

With the average person living paycheck to paycheck and making 35K, I doubt most are investing.

People are hurting out here.

 

[JLova]

A lot of people live off credit.

 

[winb83]

I knew none of my coli brehs was in that 58% of society. All my dudes on here caked out.

Having over $1000 in savings is far from caked out. If you live below your means and buckle down it's not that difficult to get $1000 saved up unless you're working a really low level job like fast food or retail.

Even if that's the case people could start selling stuff around the house. Nobody should be living without at least $1000 in savings. That's barely an emergency fund. Ideally you'd want to have 6 months to a year's worth of living expenses in savings.

Real talk if something happens to you and you don't have at least $1000 in the bank you're probably fukked.

 

[hayesc0]

I have alot more in accounts such as my 401k health savings etc but actual liquid money I am one of those Americans lol.

 

[levitate]

stock market great this year

They can't use that talking point this year...

 

[hayesc0]

With the average person living paycheck to paycheck and making 35K, I doubt most are investing.

People are hurting out here.

I been telling people I know for awhile if the people at the top of the economic ladder keep putting they foots on everyone neck like they have over the last 40 years with the brief exception of the .com boom where it seemed like everyone was eating shyt is going to turn violent soon in this country.

 

[Zero]

Who the fukk answers surveys other than broke people?

:dayum:

Fake it till you make it, I guess

 

[Tunez]

I do

 

[Kuro]

i was kinda surprised when i found out white and asian people who got an 100k+ wealth average only got like 3000 liquid...i wonder what the percentage of people with less than 4000 is?...

 

[killacal]

not to sound like a dikkhead, but a G isn't a hell of a lot of money in 2018. it would be pretty crazy if 60 percent of adults dont have that on hand

Cacs are finally going broke

I can tell because CAC men and women are walking around with screw faces like jail folks finally

God bless America