re: The Percentage of Americans With Less Than $1,000 in Savings Is Shocking

The biggest problem isn’t a rich poor but people don’t know how to budget nor save. My dad budgeted everything. Money each month went into different accounts ( on paper) and if something happened to the car or school cloths, he would look see how much was in the account and take care of it. Who does this anymore? Side note, he also uses credit cards he has to pay off at the end of the month.