62% of Americans have less than $1000 in savings

[Reece]

 

[AtomicUse]

They don't specify what adults.

They could have gone to a college campus and asked 5,000 18 year olds.

 

[MarcMan]

I usually don't keep that much in my savings account. Minor emergencies go to my CC which is paid in full each month. Big emergencies are handled by liquidating stock/funds.

 

[Skooby]

No financial discipline.

 

[levitate]

Raw.

 

[ahomeplateslugger]

these surveys are silly. you gotta check the demographics that are taking them and plus idk too many ppl who actually invest in a savings account now. they either invest it in some bonds or ETF and can withdraw it whenever they want. there are tax implications but the return is worth it than just sitting in a savings.

 

[Reece]

I’m saving a G a month and I’m still on my first entry level job. Now I do keep my expenses low and I’m on grind mode to catch up but our country is in serious trouble if half of its citizens are that fukked up financially. You should be able to quit your job and know you’re gonna be okay for 6-8 months.

 

[hayesc0]

No financial discipline.

For some but I dont think that is the general case. The top 1% of the nation now owns more weatlh than the bottom 90 percent so I think it is a systemic problem not money management.

 

[606onit]

Dang, when my savings dips below $5k, I feel "broke." Not including 401k and other stuff.

This. When/If I see my shyt dip into $4,XXX I get antsy and start working OT. Honestly $10K is chill mode.

 

[posterchild336]

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

That's why they are quiet this week and pushing border wall blaming democrats

 

[winb83]

these surveys are silly. you gotta check the demographics that are taking them and plus idk too many ppl who actually invest in a savings account now. they either invest it in some bonds or ETF and can withdraw it whenever they want. there are tax implications but the return is worth it than just sitting in a savings.

$1000 isn't investment money. It's just a bit of cash on hand in the event of an emergency. Then again about 50% of Americans working a job make $30,000 a year or less. It goes without saying that most of workers in this country don't make a lot of money.

 

[ahomeplateslugger]

$1000 isn't investment money. It's just a bit of cash on hand in the event of an emergency. Then again about 50% of Americans working a job make $30,000 a year or less. It goes without saying that most of workers in this country don't make a lot of money.

invest wasn't the right word. the ppl i know save their money outside of a bank since banks give shytty rates.

 

[Formerly Black Trash]

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

Uh if you got kids I expect most ppl not to have that

 

[Frangala]

People spend what they earn and it's not necessarily on frivolous things but on bills and it sicks if you live in cities with high cost of living.

 

[Da_Eggman]

Makes me feel about about myself now