The median American has $8000 in savings. How are you guys not embarrassed to death?
>>533402981bullshit
>>533402981That's a choice, you don't understand basic economics.
is savings the same as 401k?
I dont have any savings. Paying off some credit cards.
>>533402981We sacrifice our savings to buy the garbage you export. You should be thanking us. No other country has the consumer base we do.
>>533403084Well praise jeeeeezusss for the american consoooomer then I guess.
>>533402981>transaction accountsNigger dont put our savings into those.
>>533403082Not at all. Savings beats investing any day of the week>nooo invest in the market!!!Meaningless because it all goes to zero eventually.
>>533402981Wtf is savings? like retirement plan?
>>533403083What did you buy with the credit initially? was it worth the shackles of debt?
>>533402981Way too high, if the people have savings then I won’t be able to hire them as cheaply. Definitely need more inflation in food and gas!! Coming soon!! Thanks DJT!
>>533402981That's supposed to be bad? I will never have that much money at the same time lol.
>>533402981It’s much worse than that. Most Americans don’t have enough money in the bank to cover a minor vehicle repair.
>>533403412are you fucking retarded?
>>533402981>The median American has $8000 in savings.Bullshit."A 2023 survey conducted by Payroll.org highlighted that 78% of Americans live paycheck to paycheck, a 6% increase from the previous year. In other words, more than three-quarters of Americans struggle to save or invest after paying for their monthly expenses.Similarly, a 2023 Forbes Advisor survey revealed that nearly 70% of respondents either identified as living paycheck to paycheck (40%) or—even more concerning—reported that their income doesn’t even cover their standard expenses (29%)." - https://archive.ph/0G3Tx
>>533402981>The median American has $8000 in savings.IF this number is retirement savings I believe it, even more reason why Trump touting the stock market is all bullshit.
>>533403412That's not the question, stupid. He's asking if 401k value is considered part of "savings" in the OP statistic.
>>533403479once upon a time banks were used as secure storage for your money, as opposed to under your mattress or buried in the yard. That money was referred to as 'savings'.
>>533402981If you have any job paying under $30/hr and you're not living with 12 Jeets then you won't have $30 in savings.If you go further out to where apartments are less jobs are paying $12/hr
>>533402981I don't even have $1,000
>>533406069Im "saving for retirement" and its not in a checking/savings/money market account.
>>53340618so you're worth less than 1/8 American 1/8 is probably how white you are, too
>>533402981>2026>still hasn't announced the Talmud>still poorNot my problem
>>533402981Savings account. Not 401k or home equity. I have hundreds of thousands in my 401k and plenty of equity in my home but only $3k in my savings.
>>533402981and the median age is like 40 so good job only takes 22 years to hit 3 months of wage in savings
>>533404067Are you?Guess what? I played the investing game years ago, bought stocks and altcoins and lost thousands.Investing is a fucking scam.
>>533402981Didn't it used to be people didn't even have 500 dollars in savings?
>>533403030Too high or too low?
>>533403412>Investing in businesses worldwide that are focussed on growing>Putting it under the mattress
>>533402981are you taking about heritage Americans or paperwork americans?
>>533402981I literally just moved to America on a work visa, fresh off the boat, and I have 80000 USD in savings, that's 10x this amount. And that doesn't include the 200k USD I have in my home country that I have to report to the IRS for fatca. What is the average American even doing?
>>533406592>altcoinsSo to answer anon’s question: yes you are fucking retarded and had you simply invested in the s&p500 like a normal person you’d be up 2-3x by now
>>533405834At least the baby is White.
>>533406978>just invest in this stock instead bro itll totally go up
>>533406246once upon a time things like credit cards and digital exchanges didn't exist. neither did money market accounts and everyone exchanged cash/silver/gold. You needed a place to keep it secure.
>medianUseless metric in this case.We already know niggers and spics, who make up 50% of the population, live from welfare check to welfare check.
>>533407084and IRAs and 401Ks didn't exist either. actually those exist because pension funds kept, umm, failing.
>>533402981Now remove the debt.
>>533402981Does this include the people I see in permanent homeless encampments living under the overpass while I'm driving home from work?And the guy I see sleeping on the same park bench every day?Anyway, I'm working my way back up to 100k in savings and still live in a tiny box of an apartment with steel grids on the windows. It took me to my mid-50s to get this far in life. There is no winning in this shithole of a country.
Don’t a lot of Americans have their net worth tied up in their house and 401k?8k liquid is a bit low for an emergency fund but if you’re on the way/already own your own home, and are contributing to your 401k it’s not bad at all
>>533403162You really should thank Jesus for that. We support the economies of the world. I mean do you realize how hard of a time China has had trying to get their citizens to consume more?Japan has utterly failed at it.
>>533407078Capitalism is working well, you deserve to be poor.
>>533402981It's almost as if there's some sort of reason for it
>>533406063It shouldn't be no.But American economics are so different from Europe. I have multiple pension funds and 40k savings. Should be more important to have a home that doesn't require big mortgage/rent payments imo. A buffer is good to have.But most euros live paycheck to paycheck too. Hoping the retirement safety be er will be good enough in the future (it won't)
>>533407078You are retarded. I am not. I don't invest in individual stocks or try to give the market. You do. Picrel is my Robinhood, I also have 491k in crypto that started at around 20k. Again,you are retarded, I am not. You lost because you are low iq and got convinced you are high iq. You are the reason I hate poor people, because most are just as retarded as you.
>>533402981I barely have 200$ at 31Lost everything though
>>533402981that's not what it says it says in the bank account which only retarded people keep a significant amount of money in
>>533403537I bought a Ninja air fryer five years ago. By the end of this year it will finally be paid for. It was way worth it. It makes the best chips.
Median is useless. The distribution of account balances is obviously extremely right skewed. If the average is $60k I'm sure the mode is like $1000.
>>533402981$8000 is actually a large number of Danish crowns, Achmed
most people worldwide don’t have any savings period
>>533406661>Too high or too low?Too high. The average american is in hundreds of thousands of dollars of debt.
>Dane thinks every American has a savings account
>>533402981>>The median American has $8000 in savingsWhy do people insist on repeatedly starting threads with false premises? The median American has nothing CLOSE to 8k in savings. They are living paycheck to paycheck.
>>533406592>Buying fucking crypto Lol, lmao even.
>>533408511>Should be more important to have a home that doesn't require big mortgage/rent payments imoYes and no.You have to take in consideration interest.For example>Have 1k to spend>Mortgage at 3%>Have 3.5% investment opportunityYou should then invest your money.However, mortgage rates are based on the same indicators banks use to give return rates, but at a higher rate.Meaning banks won't ever offer a 3.5% investment plan when people can land mortage rates at 3%.What I'm getting at.Consider your options the following way>Loan: X% rate>Investment +Y% rate>Loan Z% rate>etc.Then put them in a decreasing order. I.E.>20% loan>5% loan>4.5% investment>3% loan>Etc.Give priority to the top of the list and work your way down.If you don't understand what I'm telling you, just avoid loans.Also, I'm bad with money.
>>533402981There is absolutely no possible way this is true given the MEDIAN american is not employed.
>>533402981Wow. Thats alot.
>>533409649You seem to have median confused with mean and mode with median. Please review.
>>533410809read a book fag
>>533408791What cryptos are you in?
now subtract the debt
