The average person spends 45k per year

[mamba]

The average American doesn't even make 44,000 a year

People are using those credit cards, breh.

 

[MJ Truth]

The average American doesn't even make 44,000 a year

You don't need to make 45 or have 45 to spend 45 though.

 

[Darealtwo1]

where the fukk did you get this random ass study from.....its not even right or close to being right

tf they take this poll in hidden hills CA?

 

[Saysumthinfunnymike]

I'm a cheap muthafukka unless it's spending on myself or my immediate fam.

 

[lotteryplaya]

 

[L&HH]

It's gonna implode and be 2008 all over again.

And if it does, be there to capitalize. Buy low, sell high

 

[EndDomination]

The average American doesn't even make 44,000 a year

That's the beauty of it

 

[Responsible Allen Iverson]

What's the median amount?

 

[ALonelyDad]

about 5k

 

[Wild self]

And if it does, be there to capitalize. Buy low, sell high

Yep. Notice how this topic got quiet as hell.

 

[NY's #1 Draft Pick]

And if it does, be there to capitalize. Buy low, sell high

Expound

 

[Milomann]

Just cost of living: bills, child support, groceries...

 

[Rawtid]

The average American doesn't even make 44,000 a year

Doesn't mean they can't spend that much. When you factor in credit cards, pay day loans, and other types of debt it doesn't seem surprising.

 

[Colin X]

Who cares? U can't take that shyt with you. Consumer spending keeps the economy going and creates jobs.

Your kids could use that money when you die

 

[Red11]

Who cares? U can't take that shyt with you. Consumer spending keeps the economy going and creates jobs.

Your kids could use that money when you die

Exactly, y'all steady working till you die. How Sway?

Realize that you need money in order to flip. If you save $5,000 per year in a 401(k) beginning at age 25 and earn a 6 percent annual return on your investments, you would reach age 65 with a nest egg of $798,741. If you begin saving $5,000 per year at age 40 and earn the same return, you'll hit age 65 with just $283,161. In fact, even if you save $10,000 per year beginning at age 40, you'll still end up with significantly less money ($566,315) than if you started saving $5,000 per year in your mid-20s.