Most Americans Don't Have $1,000 On Hand, and Retirement Savings Makes It Harder To Save For Emergen
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- เผยแพร่เมื่อ 24 ม.ค. 2022
- Most Americans do not have the cash on hand to cover an emergency expense of $1,000, according to a new study; KDKA's Jon Delano reports.
I listen to Dave Ramsay's. I'm debt free and have over 6 months expenses for emergencies.
401k is the issue. Eveytime the market crashes millions are screwed
True...........pandemic caused 20-35% drop in value in 401k........takes a good while to build that back up, but there comes a point where you don't have enough time to build it back up
built up pretty quick @@JayJay-gy7ye
But they have money to flaunt iPhone, new car every 4 years and stuff they can't afford. Zero sympathy.
Cars. That's Americans for you. Car is more important than a roof over their heads.
Bro this makes no sense
@@254ChuckDawgPlenty of Americans are in severe debt. I read elsewhere someone’s wife was like 50k+ in debt I think through the husband’s credit card, so one of them declared bankruptcy and after that she’s still lavishly spending, husband can’t open no cards, and maxing all the credit cards she can get her hands on, vacations, all that. Plenty of people out there just like that, don’t care and playing the system and paycheck to paycheck, even if they make 100k-200k+ 😂
I fully agree!
@@karlabritfeld7104 In most of the USA, there is NO other transportation. There's no buses.
Instagram could've fooled me
Boahhh
What does Instagram have to do with this
@@bigmojo704 everybody looks like they're living a luxurious lifestyle on Instagram
@@tonysr1983 Usually people who look like that dont have a Savings......they spend all their money to LOOK RICH....
So when i see that 9/10 they have no Savings either
Fr
They have money to buy iPhones.
Not necessarily..........iPhone could be a monthly payment.
FACTS💯💯💯 minimum wage is 7.25
We can't even compete with other states. We are always the lowest paid with the highest taxes. If your not ahead by now... God help you 🙏🙏🙏🙏
Poor people do not pay the highest taxes.
Change your behaviors so you don’t work minimum wage jobs. Those jobs are for high schoolers.
I'm 77 & when 401k's, 403b's. IRA's, etc. were started in the 1980's, I knew then that it was there to replace &
not supplement existing ,defined pension plans! Americans should have rejected these plans initially & insisted
that major companies continue offering pensions! I am fortunate enough to have both & now that I am retired &
forced to take out an RMD (Required minimum distribution) from the IRA, it is forcing me into a higher tax bracket!
Agreed!
You can't save squat when your rent triples in a single year.
True
Just work 3 jobs, and 120 hours/week then you can do it! : )
@@Ace1000ks19751982 That would keep you in good stead for maybe a year. Then it will be 6 jobs at 240 hours/week.
Move!
@@rongendron8705 There's no place where this problem doesn't apply, in the USA. The lower cost locations have a lower pay.
As of today, this figure is an even more of an indictment of the USA. How a Country that proclaims its Affluence, Civilisation and Standard of Living has this percentage of people living on the edge is bewildering...
I believe this. At the bank atm's sometimes some people leave their statement. I've seen some with one hundred and change and others three hundred. All less than $1,000
Ipods
BEATS
IPHONES
NEW CARS
I know, right? Time to downgrade to a Tracphone lol
The richest people in America are getting richer and richer, and the citizens are not being able to afford it. sad.
That is not good
Let s go count sand okay 👍
Not worth it man's enough
If u buy things that u don't need with money that u don't have.... What do u expect
With the current administration, that number will continue to climb, along with people living in poverty for the next 3 years.
Wait for 2025 when they take away the rest of your money and basic rights, this new world order will emerge but not in the western world this time
And the next 4 years and the next 4 years and the next 4 years. Do you really think that the Republicans give a damn that we have millions of people living in poverty?
@karlabritfeld7104 2 highest inflation periods have been under Carter and Biden. So you bet your ass I'll go republican!
I agree
Women s u r always good luck with all this stuff 💜 💗 you are strong and intelligent
Lol this is funny cuz my fam got 100k in saving, 400k house paid, 3 cars paid, and 1.5 mill in 401k.
Pro tip… learn to live below ur means by being willing to make sacrifices
Sacrifices like living in your parents house, barely eating and only go out for work 👌 ez saving
Well no if you make more than you spend you can already do plenty with very little sacrifice... the opposite is true too.
@@MrEnky007 my sacrifices were/are living with parents aka no rent, buying generic groceries and learning to make healthy and cheap meals from TH-cam, driving an used crappy car, buying clearance rack clothes only when I need it, etc. i only make slightly above median income…. So it’s possible but most of y’all can’t live like me lol
@@donaldlyons17 if I started spending more aka buying things not on sale or making luxury purchases, then I would have little savings and no investments
@@Make_Me_A_Sandwhich Yeah but if you don't make more than break even for other reasons besides the ones given you would also likely have little saving and no investments either. Math only works one way!!!
😮😮
The car breaking down should be the least of your worries.. Instead, the USA is a car country because car manufacturers don't want us to have public transportation. They want to sell you cars, cars and more cars. Not homes. Cars! Don't you find that strange?
Well they want to sell homes but make the downtown areas in almost any city unlivable or too expensive for no one unless the top 10/5/1% of people
He was nt mans enough for you women's love ❤️ by 🎵
Crypto is my retirement plan 🎉🎉🎉