Americans have less than $300 in savings

[Anonymous No.28391989]

https://www.msn.com/en-us/money/personalfinance/covid-19-report-40-of-americans-have-less-than-300-in-savings/ar-BB1dzgFU

How is that possible? Do people have no self control?

[Anonymous No.28392097]

>>28391989
yes

[Anonymous No.28392284]

50 years of wage stagnation, increasing costs of living, increasing debt, automation, robotics replacing workers, outsourcing, not enough good paying jobs or workers to fill those jobs.

[Anonymous No.28392356]

>>28391989
>based on the banks information of who keeps money in savings accounts.
You think i pay them money to even have a savings account?

[Anonymous No.28392477]

>>28391989
not suprise that so many support socialism now if you make it leave the west

[Anonymous No.28392596]

>40% of Americans have virtually no savings
>61% of Americans are white

You can't make this shit up

[Anonymous No.28392693]

>>28391989
This makes it possible for those who don't to prosper. Fuck the consumers. Let them spend

[Anonymous No.28392743]

>>28391989
How many are living hand to mouth?

[Anonymous No.28392806]

>>28391989
Amerimutts would rather give it to Israel

[Anonymous No.28392810]

>>28392743

Or even worse, ass to mouth?

[Anonymous No.28392882]

>>28392284
Unironically this.

[Anonymous No.28392933]

>>28391989
Want my $1400 check now, Daddy government!

Then you can tell me sexy lies about how Iran is building a nuclear weapon.

[Anonymous No.28392952]

>>28392596

[Anonymous No.28392964]

>>28391989
>How is that possible?
40% of americans literal have an iq that's less than 90.

[Anonymous No.28392979]

>>28391989
>this bullshit thread again
I'm worth over 300k and don't even have a savings account. Who the fuck still uses savings accounts?

[Anonymous No.28392985]

normies think that whenever they have money they should spend it immediately

[Anonymous No.28393083]

i am in europe, i have 5k eur in bank but 200k in the market (both crypto and stocks), actually thinking of getting more cash if there is some mega crash

[Anonymous No.28393117]

>>28391989
I really don't know anon.

I hate living in the USA, I hate buying, I hate spending stuff. I'm not a miser, if it's a tool or true benefit, I'll do it but I value my time and my resources.

I feel like going in a store, there is so much excess. So much excess.

I went to a few stores, just to look at the check out lines to see what everyone buys.

From Walmart, Target, to Wholefoods.

It's a stupid experience, people buy for the experience vs caring what they buy. Walmart is absolute shit/the worst, while at wholefoods the quaity is perceived better, but it's the same thing, same fucking vegtables/fruits.

Everyone is fat as fuck at walmart, everyone is thin at Whole Foods, but ultimately it's a fucking decadent world man.

And people buy so much trash, plastic trash, consumer trash, toys, throw away stuff, etc. The behavior is internalized

It makes me wonder why I'm not making this trash too pump to the faggot normies.

But ti's so much easier to do nothing and jusst make money on crypto...and my tech job.

[Anonymous No.28393121]

>>28392964
I'd say 24/25 Americans across all ages, races, sex are NPCs.

[Anonymous No.28393124]

>>28391989
we're just poor bro

[Anonymous No.28393144]

This thread brought to you by the letter N

[Anonymous No.28393201]

>>28391989
>working for less than a year
>have over $20k in savings
Is it really this easy to be better than the majority of amerisharts?

[Anonymous No.28393293]

>>28392985
I know a guy who’s dirt fucking poor, works like 3 jobs and sells weed on the side just to make ends meet. He’s bailed me out of some shitty situations in the past so I threw him the bone of letting him know about BTC during the Covid crash, offered to pay him for weed using XMR when it was like $60, told him to buy AMC at $5 the day before it hit $20 at open.

Every single fucking time I hear “no dude, I keep telling you, I’m not investing in anything until I pay off all my bills and pay for my truck” as if he couldn’t have afforded both of those 5x over if he just listened to me. Normies literally WANT to stay poor.

[Anonymous No.28393295]

This fucking virus is annihilating my savings. Can’t find a job for shit. FUCK.

[Anonymous No.28393359]

>>28391989
Savings accounts are a meme. Enjoy your 0.002% gains.

[Anonymous No.28393404]

>>28392596
well when you make your money selling weed and herion you cant really put it into a bank account,

[Anonymous No.28393676]

>>28392810
there is only one correct answer

[Anonymous No.28393720]

>>28391989
> highest cost of medical care in the developed world
> parasite insurance companies for every healthcare and auto insurance and more
> government taxes go towards a global imperialist system
> higher education is a pyramid scheme built on federally insured debt
> neoliberal corporations have destroyed labor unions since the 1950s
> outsourcing all manufacturing to Chinese slave labor
> shitty, expensive internet
> public transportation is slow, expensive or nonexistent
> 4% illiterate. 14% below average literacy. 34% have basic literacy levels. Half of Americans can’t read and understand a book at the 8th grade level
> see wyliecomm . com /2020/11/whats-the-latest-u-s-literacy-rate/
> USA was 31/79 in math literacy
Blame the ruling class

[Anonymous No.28393887]

>>28392284
>>28392882

FUCKING COMMUNISTS

[Anonymous No.28393904]

>>28393144
I

[Anonymous No.28394083]

>>28393359
Shouldn't investments etc. count as "savings" too?

[Anonymous No.28394428]

>>28393720
We believe it's the Jews' fault, leftypol. If it weren't for Jews, those things wouldn't be true even if we live in a capitalist economy

[Anonymous No.28394700]

>>28393359
With (((inflation))) it's actually -2%

[Anonymous No.28395009]

>>28391989
Hilarious how Americans are constantly calling us "Yuropoors" meanwhile are living paycheck to paycheck, near bankrupt by student loan, credit card and car debt.
Here in NL I had university for free and my bicycle cost €20 and takes me everywhere I need to go. Can't think of anything worse than being a burger wageslave.

[Anonymous No.28395153]

>>28391989
I have 10k in crypto and 0 in savings - I just move money from Coinbase when I need something

[Anonymous No.28395263]

>>28392284
>Real output per hour
This isn’t a real thing you mong

[Anonymous No.28395422]

>>28392979
you're not worth shit

[Anonymous No.28395445]

>>28392596
Your doing a big ponder there anon

[Anonymous No.28395462]

>>28392979
>I'm worth
Shut the fuck up faggot

[Anonymous No.28395525]

I have $9k saved up and I feel an intense anxiety about it. Like it’s not enough. Because it’s not.

I can’t imagine only having $300.

[Anonymous No.28395546]

>>28392097
>willing to eat bugs if the marketing is viral enough
Lost

[Anonymous No.28395734]

>>28393293
The guy has done you a solid; explain how the investment vs debt thing works. I used to think that way. I just needed someone to reason it out. Be a bro, bro.

[Anonymous No.28395755]

>>28393720
The whole system is set up that if you have an ounce of self respect/reliance you can make it from nothing. Nobody goes out and takes it, they want it given to them.

[Anonymous No.28395796]

>>28393293
This.
Let them eat bugs

[Anonymous No.28395824]

>>28391989
>import 30,000,000 spics
>they breed and create 120,000,000 spics
>also have 40,000,000 blacks
>basically half the population is impoverished primitive people with no concept of planning for the future
It’s no real secret. If we dropped the entire population of Haiti on Austria suddenly Austria would be a 3rd world country.

[Anonymous No.28395934]

i work a fake job and have more money than so many people who make 2x what i do just because the only thing i waste money on is vaping nicotine.

[Anonymous No.28395980]

>>28391989
>square
$300.00 savings? WTF? who has that kind of money lying around.. Most are hand to mouth.

[Anonymous No.28396170]

>>28395009
>Can't think of anything worse than being a burger wageslave.
What about being a retarded and poor eurofag who believes everything he reads from these corrupt media outlets? The study below is probably not accurate either but anyone can shit out these numbers with a sensational headline and sheep like you eat it up.

https://money.cnn.com/2017/01/25/news/economy/savings-survey-ing/index.html

[Anonymous No.28396264]

>>28392284
>implying Americans would save even if they had quadruple their current salaries
I know doctors who are broke and drowning in debt cause they just spend all their money. It’s very easy to outspend a 6 figure income. Until you’re earning 6 figures off interest alone from your trust fund you can easily go broke if you just buy whatever garbage you want. Happens all the time. Most often the biggest expenses are:
>new car every 2-3 years
>divorce
>buying massive McMansion at the height of a housing bubble
>big international trips multiple times a year
>stupid plays in the stock market
>investing in friends and families shitty businesses
>5 figure wine collections
>sinking hundreds of thousands of dollars into renovations for the McMansion

[Anonymous No.28396305]

>>28391989
Its partly
this: >>28392097
and this: >>28392284

>The survey also finds a massive gender gap for the $0-$300 range in savings, with 45% female vs. 29% male respondents.
>“The gender gap in savings is likely an extension of the gender gap in income,” says Julia O’Brien, an associate researcher for GOBankingRates. “While 43.91% of women reported an annual income below $30,000, only 30.27% of men reported an income that low.”
Yeah, it has nothing to do with the fact that women just spend more money on bullshit

[Anonymous No.28396455]

>>28391989
It’s impossible to save money cause interest rates are so low, the cost of living is increasing while they people’s wages and buying power has stayed the same or decreased. The entire economy is built around increasing gdp and economic activity. The whole system economic and political is built on short term gain at the expense of long term gain. It’s a house of cards

[Anonymous No.28396512]

>>28393117
that's why I unironically moved to the Balkans anon

[Anonymous No.28396532]

>>28393117
Re-post this without the reddit spacing if you want anyone to read it you faggot
>>28393293
meh, at least he is paying his bills
>>28395153
I think for the purpose of the survey investments would suffice as savings

[Anonymous No.28396643]

>>28396305
I love that the economic analysis from the modern priestly class boils down to “numbers look same means a cause b” this fucking midwits

[Anonymous No.28396654]

>>28391989
>Take out student loans for a worthless degree
>Wages stagnant while cost of housing goes up
>Society that pressures you to consoom constantly (You need a new car, you need the latest iPhone, don’t worry just put that shit on your credit card)
>People look up to nigs who flash gaudy jewelry and gold plated spinner rims
>Schools purposely teach 0 about personal finances
>Vote Democrat because they will protect social security so that we don’t have to save money

It’s a wonder that 60% have more than $300

[Anonymous No.28396698]

>>28393293
Telling someone to take on very high risk investments when they can’t pay their bills is foolish. Hindsight is 20/20. You could have just as easily turned him into a pink wojak if he didn’t time the market right.

[Anonymous No.28396860]

>>28395009
NL is going to collapse within the decade

[Anonymous No.28396891]

>>28396264
This. Once I learned to live within my means money stopped becoming a problem. Ive been dirt poor and got used to not having shit. You learn to make meals stretch, cook at home more, be hyper vigilant about turning out a light when you leave the room, etc. My light bill would be 18 dols. Now that I make more a lot of those depression era tier penny pinching habits have stuck and its enabled me to save an assload. I mean yea the better you do the more you spend but all things in moderation, always.

[Anonymous No.28396926]

>>28396264
This. Americans consume so fucking much that it just baffles my mind how they can constantly just spend money without thinking

[Anonymous No.28396963]

>>28396698
this
most people aren’t going to invest money they can’t afford to lose

[Anonymous No.28397015]

>>28392477
If I make it I'm moving to Japan to be closer to my mommy.

[Anonymous No.28397020]

>>28395755
The whole system is set up to fuck the middle class, stop being a fucking retard

[Anonymous No.28397114]

>>28396654
>you need the latest iPhone

Oh and this. I have a prepaid with rollover minutes. My dad says yakkin on the phone's for pussies so I hardly use it anyway. My phone bill usually averages like ten bucks a month.

[Anonymous No.28397205]

>>28396305
>Yeah, it has nothing to do with the fact that women just spend more money on bullshit
>But women products are more expensive!
This has always baffled me. People have also pointed out that women are paying more for the same product, so just buy the cheaper one. Why are people so brainless.

[Anonymous No.28397226]

>>28395422
>>28395462
Seething poorfags
Go make some money

[Anonymous No.28397297]

>>28396926
We have MKUltra tier psychological warfare afflicting the general population trying to make buying useless shit feel like a shot of heroin. My sister will hear someone mention something like “oh you know we could use an [insert product]” or “Hey do we have any more [insert product]?” and within a minute it will be ordered on Amazon and probably show up later in the day.

[Anonymous No.28397321]

>>28392284
Has nothing to do with automation. The labor supply increased massively with women entering the work force and more immigrants being accepting in the late 60s early 70s. The biggest driver of wage growth is labor shortage. There's been plenty of people willing to work for less since.

[Anonymous No.28397436]

>>28392284
What you mean to say is “globalization”. This is why so many people supported Trump - they are tired of having their livelihoods shipped overseas.

[Anonymous No.28397654]

>>28391989
you should have just given him a couple things so he would see later how much did they grew, its the only way they'll listen
>>28392596
stop noticing things, antisemite
its only because racism, throw your common sense out

[Anonymous No.28397734]

>>28396170
>>28391989
>40% Americans have no savings
>30% Europeans have no savings
Is this real? What’s going on in the world?

[Anonymous No.28397749]

i really don't get articles like these, since i also see stuff like this.

[Anonymous No.28397774]

>>28391989
>why don’t you be retarded and tell everyone how much you really have so they can say you have enough and give you less?

[Anonymous No.28397777]

>>28396264

I'd like to add to this list the most expensive luxury of all: having children. Any retard can fuck and pop out a dependent that costs upwards of $200k each over their first 18 years (likely a lot more than that if the parents make 6 figures a year).


Coincidentally, 40% of american households have children, not the exact same 40% that don't have $300 but I'm sure the overlap is significant.

[Anonymous No.28397799]

>>28391989
I don't have anything in my savings because I'm 100% in crypto.

[Anonymous No.28397848]

>>28397734
>having savings during high inflation
People are this dumb

[Anonymous No.28397865]

>>28397749
prob because a lot more white collar have income in the first place bc of covid... Poor are more fucked than ever

[Anonymous No.28397897]

>>28397020
Because the middle class is an artificial and outdated concept.
It only existed in a robust sense for about 50 years in the post war era and was propped up by government intervention in the housing market, labor market, education, and international trade. Nafta was the death knell for the middle class. That’s when the Dems and Republicans fully aligned on a neoliberal vision that divides people into clients of the State(blacks and trailer trash), serfs(mexicans and chinks), clerics(HR and PR managers, administrators, middle managers, people with college degrees but no skills who are there to enforce neoliberal doctrine), and oligarchs.
There is a small sub class of professionals that the system is working rapidly to automate out of existence. Doctors, lawyers, software programmers(low and mid level) etc. After they’re gone there will be no concept of the “middle class”. They’ve already used the pandemic to kill off small business and force everyone to depend on the firms selected by the oligarchy.

[Anonymous No.28397921]

>>28397777
>don't have kids you will have less money to consoom other things with!
Thank you Mr. Rothestein

[Anonymous No.28397934]

>>28397749
That looks unweighted e.g. imagine three people, two of whom earn nothing and one earns 100 in disposable income and saves all of it. The average rate across the group is 33% but the median is zero. Its sloppy charting that doesn’t inform you and as such is probably designed around reinforcing a narrative.

[Anonymous No.28397956]

>>28397777
It baffles me how people are willing to have children before even considering getting on their feet (stable income, no huge debts etc etc).

[Anonymous No.28397967]

> In addition, the $0-$300 in savings bracket has the highest percentage in the oldest age groups, as the 55-64 age group reports with 54.9%, compared to 24.8% for the 18-24 age group.
What the fuck? How can more than half of all boomers not have even $300 after 30+ years of working?

[Anonymous No.28397995]

>>28397777
>Any retard can fuck and pop out a dependent


Oh really?

[Anonymous No.28398008]

>>28397749
It’s almost as if nothing the media reports is real.

[Anonymous No.28398057]

>>28397967
Because they took out HELOCs to fund new cars boats and vacations. I know of retired lawyers who depend on social security for income.

[Anonymous No.28398134]

>>28397777
Kids aren’t that expensive unless you want them to be. If you think procreation is a “luxury” you should get your head checked. Shaniqua and Lupita manage to have 8 kids each. Where is the $4,000,000 coming from to pay for them? Oh wait they don’t feel the need to send their kids to $20,000 a year private schools, buy them all cars on their 16th birthday, and send them to 3 summer camps every year cause they can’t stand having the kids at home even for a moment.

[Anonymous No.28398161]

>>28393293
I have similar experiences too. These same people are also anti capitalism calling it evil, thinking rich people just come out of a vacuum

[Anonymous No.28398166]

>>28397865
Then do something about being poor.

[Anonymous No.28398229]

>Savings account
I sure do love -3% per year

[Anonymous No.28398240]

>>28398057
Vacations are so overrated

[Anonymous No.28398254]

>>28397967
Cuz they gave it slowly to their kids, you retard. Then since they can’t or don’t want to work, they get social security and Medicare for which they paid into their whole lives. It’s called using the rules. You retard zoomers wjth your obsolete logic and reasoning don’t know anything about that, so just stfu, put the quad mask on, and get your covid vaccine every year.

[Anonymous No.28398294]

>be me
>manage to beat bots and snag ps5 at launch
>transfer from savings to pay for it
>bank cancels card because of "suspicious activity"
>target says it won't accept payment anymore because of the decline
I went all in on crypto after this

[Anonymous No.28398295]

>>28398057
Boomers gonna boom. They are seriously incapable of planning ahead and none of them think they are going to die. They have no concept of posterity.

[Anonymous No.28398305]

>>28393117
>everyone is thin at Whole Foods

Absolute lies

[Anonymous No.28398332]

>>28391989
>americans have less than 300$ in savings
>an entire meal in america costs about 5$

Retard

[Anonymous No.28398443]

>>28391989
Goyim cattle.

[Anonymous No.28398511]

>>28397749
That was in April when unemployment got a huge boost. Check the numbers in October.

[Anonymous No.28398553]

>>28391989

Shucks to have poor money management, don't it?

[Anonymous No.28398652]

>>28392933
Hahaha

[Anonymous No.28398758]

>>28391989
>save 1000$ a year as poorfag
>real inflation is hypothetically over 10%
They may as well spend it with how fast the value diminishes

[Anonymous No.28398853]

>>28391989
>do people have no self control
yes, but it is basically impossible for people to decrease their standard of living when there is "free" cash (usury/debt slaves). There's a payment option for everything you could think of.

[Anonymous No.28398938]

>>28391989
americans aren't people, they're mutt golems for their jewish masters

[Anonymous No.28399001]

>>28398553
stop shilling this shit you double nigger

[Anonymous No.28399188]

>>28392477
this
go to taiwan or any other eastern market that isn't being raped by china.

[Anonymous No.28399301]

They don't pay 40% of americans enough to save any of it.

[Anonymous No.28399340]

>>28392596
Hmm. Curious.

[Anonymous No.28399360]

>>28398511

the point is, the savings rate is never negative on that chart, so for 40% to have $300 or less would imply something different than just some small percentage of rich people skewing the numbers.

my guess is that it's looking at savings on a monthly basis, and not counting subsequent spending of savings as an offset in future months. in this sense, someone could maintain a 5-10% monthly savings rate, and still not have anything in savings. i think this would be a very poor way to track it, though.

[Anonymous No.28399365]

>>28393117
do you need to do that double spacing shit?
it takes up so much more space than need be.

[Anonymous No.28399497]

>>28393359
you have a savings account in case an emergency happens and you need to quickly use some money to fix it.
not to actually grow money.

[Anonymous No.28399579]

>>28397967
Boomers who have money dont put it in the bank. They have cash, gold, silver, and lead.

[Anonymous No.28399593]

>>28395009
>my bicycle cost €20
Bike share or Chinese gaspipe bike?

[Anonymous No.28399802]

>>28396891
Lol “turn the lights off” boomer tier nonsense. I’ve used LEDs for years and they are basically free.

[Anonymous No.28400068]

>>28391989
People on /biz/ don't fully comprehend how stupid the average american is. t. someone who worked with the public for years

[Anonymous No.28400077]

>>28396264
This, it blows my mind how wasteful people are. I barely make six figures, don't especially control my spending, and I still manage to put away $3k every month towards investments, close to $4k a month if you include things like saving up for medical bills, new computers, etc.
Get a budget, people, the figures you have in your head for how much you're spending are too optimistic.

[Anonymous No.28400104]

>>28391989
It's mostly debt, I paid off my debt using crypto thank god. 1000 in savings is not a lot, 1000 in debt is a lot

[Anonymous No.28400122]

>>28397956
Its natural, imagine you have low impulse control and inability to plan ahead more than ~a week, generously

[Anonymous No.28400323]

>>28391989

American education is pretty shitty and it goes a long way in showing the "educate yourself" meme is pretty much just a meme, since you have all been left to raise your children by yourselves for the last generation entirely. Clearly the last generation has [statistically] failed to raise kids without intervention

[Anonymous No.28400349]

>>28395546
I’ve unironically eaten bugs. Chocolate covered ants, scorpion in a lollipop kinda shit.

[Anonymous No.28400368]

>>28392284
Nigger im a third worlder who makes $590 a month and still have more than 300$ saved, you're all consoomers

[Anonymous No.28400372]

>>28399497
Why not keep it in your checking or even in cash, then?

[Anonymous No.28400504]

>>28400122
I mean I get it, that's why it's happening all over the world. Still continues to impress me.

[Anonymous No.28400534]

>>28400349
But why? And, more importantly, did you like them?

[Anonymous No.28400541]

>>28391989
Kek exactly anon this country runs on the buy now pay later meme.

[Anonymous No.28400617]

>>28394428
> doesn’t grasp inherent qualities to capitalism
> can’t understand class struggle
Not going to make it. Follow your leader. You lost at Stalingrad

[Anonymous No.28400709]

Even when I was on welfare I always made sure to have at least $1,000 in savings

[Anonymous No.28400889]

>>28400541
>MFW I see microfinancing on like $200 items

[Anonymous No.28400961]

>>28391989
No one uses a savings account retard. They keep it in checking

[Anonymous No.28400963]

>>28400534
Idk, someone had them, and why not? They weren’t bad, just tasted like chocolate and lollipop

[Anonymous No.28401117]

>>28400963
>why not?
Because they're bugs. I wouldn't want to eat a bug, just for the fact that they're a bug. It's interesting that they didn't taste bad, though.

[Anonymous No.28401253]

I love when leftypol comes to /biz/

[Anonymous No.28401648]

>>28397897
Most of the businesses that closed after the pandemic were run by 60yo boomers who could barely use Excel and thought charity for muh local business was enough to survive in the marketplace.

>>28397956
>>28400122
If you think this way you'll never have kids.
Having kids is not rational. It's instinct - and eventually, it's self sacrifice.

>>28394428
Whites, niggers, and chinks will act exactly the same as the top tier of Jews given the chance, and they do.

>>28395009
Have fun with climate change when your flat asf country is below sea level, you Dutch faggot.

>>28392477
Communism as Marx envisioned it will never work, but distributist capitalism with redistribution via UBI is looking increasingly feasible or even necessary. There is no job which cannot be automated.

[Anonymous No.28401783]

>>28401253
Marx never claimed his arguments were primarily moral. Engels owned a factory.

[Anonymous No.28402295]

>>28397734
Most people are functionally retarded. Even if you literally give them millions of dollars, they just blow it all. They’re basically children.

[Anonymous No.28402942]

>>28392284
>>28397321
Women entering the work force would be like if 100million immigrants just showed up in the next 10 years expecting to be paid just as much as you.

[Anonymous No.28403717]

>>28391989
Must have income.

[Anonymous No.28404170]

>>28392284
This

[Anonymous No.28405707]

>>28392933
Kek, no uggos

[Anonymous No.28405935]

>>28392596
>>61% of Americans are white
Euro here. Yanks can fuck off calling us an Asian Caliphate. We have like 10 to 20% ethnics here.

[Anonymous No.28405958]

>>28402295
Exactly this I was a top manager once. I think all my workers where retarded except for the one Asian girl or lady. But even then they did not understand basic investing.

[Anonymous No.28406322]

>>28398134
It comes from welfare and food stamps from the taxes of people like you and me who work for a living.

[Anonymous No.28406609]

>>28391989
No tjoma, they don't

[Anonymous No.28407264]

>>28400349
salted crickets are kinda nice desu. they just taste like salted crisps and have the same texture as like a whatsit or cheetoh's for burgers