Dont get it twisted.
Dont get it twisted.
203 comments
-
Lots of articles are saying 60 to 69%. CNBC, Barrons, LendingClub. I can’t find a better source but.. 40% from a rich person’s mag like forbes is just too much man. I would estimate 55% to 70%, so 80% doesn’t seem that far off.
-
Source?
60% to 80% is literally a jump of 2x, meaning twice as many people who have savings
80% is incredibly far off
https://www.cnbc.com/2023/09/27/60percent-of-americans-are-still-living-paycheck-to-paycheck.html
Gives lending club as source so basically it's the same source
Where did you get 69%
-
Neither you nor I have a decent source yet. All of these sources are from surveys, you just pick your organization. A skimming of the google search results for this gives numbers in the 55% to 69% range, but that’s not a good source. So far what we’ve found is:
Forbes survey: 40% Lending club survey 60%
I don’t have a source for 80% where the meme claimed.
-
Because 80% is not correct. The median person has $8,000 saved in just their bank accounts, not including retirement (which you can take out paying a penalty) and CoD (which you can take out after paying a few months penalty)
https://www.forbes.com/advisor/banking/savings/average-savings-by-age/
So half of people have more than this amount saved. I personally have less than this in my bank and a lot more in taxable investments which were not measured
How do people save if 80% are living paycheck to paycheck?
-
And your number is also not correct! See how this works?
Again my guy. a mag for rich folks isn’t going to be unbiased
-
St Louis Fed is not a mag, it's a federal reserve bank
-
Ok but you’ve cited forbes, which is a magazine.
-
Not their numbers, which you would know if you took the one second to click the link instead of complaining about the URL
-
We’re so deep in this denial bro that I can’t even find the link you’ve sent any more. I click more context and I get the full thread. I searched for your link and can only find the forbes link you keep reposting.
-
https://www.forbes.com/advisor/banking/savings/average-savings-by-age/
$5400 median savings up to age 25
-
-
-
-
-
-
-
-
-
203 comments