52% of Americans can't raise $400 in an emergency

sarktastic

without borrowing the money


http://www.federalreserve.gov/econresdata/2013-report-economic-well-being-us-households-201407.pdf

TommySQC

sarktastic said:

without borrowing the money


http://www.federalreserve.gov/econresdata/2013-report-economic-well-being-us-households-201407.pdf

You don't know what it's like to be poor

2001400ex

sarktastic said:

without borrowing the money


http://www.federalreserve.gov/econresdata/2013-report-economic-well-being-us-households-201407.pdf

At least you are part of the majority for once.

Tequilla

That's beyond pathetic and appalling

PurpleJ

How about putting some of your paycheck at Hertz aside every week instead of blowing it at the bar and spending your time commiserating about your miserable and pathetic life. Even when times are good, no one saves and everyone buys on credit. And we wonder why we are broke.

sarktastic

It frightens me knowing a majority of Americans want what I have... and so many of them have guns.

AIRWOLF

American consumers started saving more during the housing crisis and continued to do so as the country came out of the recession, but somewhere around Christmas of 2012 they said "fuck it" and went back to acting like Americans have for most of the past 30 years.

2001400ex

sarktastic said:

It frightens me knowing a majority of Americans want what I have... and so many of them have guns.

You have $400? I call bullshit.

jecornel

Just wait till minimum wage is $15 dollars across the country. That will change everything.

6 year car loans hurting the savings fund.

sarktastic

A top Puget sound dealer with a Detroit brand +others tells me 80% of new sales are to deep subprime currently... and we're in the hottest market in the country.

sarktastic

2001400ex said:

sarktastic said:

It frightens me knowing a majority of Americans want what I have... and so many of them have guns.

You have $400? I call bullshit.

I bought a set of Hotwheels at an Estate sale that included a Stutz Bearcat... it's been a good week.

allpurpleallgold

I can't wait for Hillary to continue Obamas policies!

Kaepsknee

allpurpleallgold said:

I can't wait for Hillary to continue Obamas policies!

I can't wait for Bernie to make us wish for the relative salad Days of Obamas Presidency.

GreenRiverGatorz

allpurpleallgold said:

I can't wait for Hillary to continue Obamas policies!

The economic illiteracy of Bernie supporters once again rears it's ugly head. Please tell us, what exactly is Bernie going to do to curb America's insatiable appetite for consumption?

allpurpleallgold

GreenRiverGatorz said:

allpurpleallgold said:

I can't wait for Hillary to continue Obamas policies!

The economic illiteracy of Bernie supporters once again rears it's ugly head. Please tell us, what exactly is Bernie going to do to curb America's insatiable appetite for consumption?

76% reported spending either less than their income or equal to their income. Of course you didn't read that because you didn't read the report. You just jumped to your own idiotic conclusions because that's what idiots do.

puppylove_sugarsteel

I think the statistics are fogged due to a certain 13% of the population. Why need to save $400, government does it for you.

GreenRiverGatorz

allpurpleallgold said:

GreenRiverGatorz said:

allpurpleallgold said:

I can't wait for Hillary to continue Obamas policies!

The economic illiteracy of Bernie supporters once again rears it's ugly head. Please tell us, what exactly is Bernie going to do to curb America's insatiable appetite for consumption?

76% reported spending either less than their income or equal to their income. Of course you didn't read that because you didn't read the report. You just jumped to your own idiotic conclusions because that's what idiots do.

So you're saying America doesn't have an over-consumption problem?

FYI, spending anywhere close to equal to your income is spending way outside your means.

HFNY

What percentage of the population is on SS Disability, Social Security, and / or welfare?

I wish people had better financial literacy (maybe a class taught jr or senior year of high school?) because they get caught in a credit card trap with eye-watering interest rates.

sarktastic said:

without borrowing the money


http://www.federalreserve.gov/econresdata/2013-report-economic-well-being-us-households-201407.pdf

RaceBannon

puppylove_sugarsteel said:

I think the statistics are fogged due to a certain 13% of the population. Why need to save $400, government does it for you.

I don't understand

doogsinparadise

GreenRiverGatorz said:

allpurpleallgold said:

GreenRiverGatorz said:

allpurpleallgold said:

I can't wait for Hillary to continue Obamas policies!

The economic illiteracy of Bernie supporters once again rears it's ugly head. Please tell us, what exactly is Bernie going to do to curb America's insatiable appetite for consumption?

76% reported spending either less than their income or equal to their income. Of course you didn't read that because you didn't read the report. You just jumped to your own idiotic conclusions because that's what idiots do.

So you're saying America doesn't have an over-consumption problem?

FYI, spending anywhere close to equal to your income is spending way outside your means.

Our? economy is structured towards mass consumption. If the poors aren't buying more than they can afford the economy will literally not grow, and the banks won't be able to justify their leverage.

GreenRiverGatorz

HFNY said:

What percentage of the population is on SS Disability, Social Security, and / or welfare?

I wish people had better financial literacy (maybe a class taught jr or senior year of high school?) because they get caught in a credit card trap with eye-watering interest rates.

sarktastic said:

without borrowing the money


http://www.federalreserve.gov/econresdata/2013-report-economic-well-being-us-households-201407.pdf

The entire premise of SS is that the populace is too stupid to save for retirement themselves. The mayhem that will result once that becomes insolvent will be a hell of a thing to witness.