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re: I Heard Two Interesting Positions on NPR Today; Do People Not Have Savings Anymore?

Posted on 3/18/20 at 8:22 pm to
Posted by Ollieoxenfree99
Member since Aug 2018
7748 posts
Posted on 3/18/20 at 8:22 pm to
Until 2 years ago, I didn't have any. Now I have 1/3 a years salary.

People live paycheck to paycheck now.
Posted by Caddeaux
Pinehurst
Member since Mar 2020
18 posts
Posted on 3/18/20 at 8:26 pm to
I understand being unable to save while in college and the first 2-3 years after you enter the workforce; I was there once myself.

But the majority of the nation is not 18-25; I feel like there are adults with families who have no safety net, and frankly will never have the means or intent to save.

It's pitifully sad.
Posted by TigerMikeAtl
Atlanta, GA
Member since Feb 2011
1974 posts
Posted on 3/18/20 at 8:29 pm to
Anyone who doesn't have 3-4 months of income close and available is asking for problems. Common sense!
Posted by SportTiger1
Stonewall, LA
Member since Feb 2007
28505 posts
Posted on 3/19/20 at 12:14 am to
quote:

People live paycheck to paycheck now.

Can you really call it paycheck to paycheck when they blow money on the finer things in life...as the OP pointed out.

About half of my employees are 25-40 yr old black women who make less than $15 he...most are single. All if them drive nice new cars, have the newest iPhones, internet and cable at home etc.

They choose to live like that
Posted by TigerVespamon
Member since Dec 2010
6210 posts
Posted on 3/19/20 at 8:54 am to
I have an equivalent of 4 months take home pay in the bank, but I’m able to work from home, and my wife is a teacher, so she’s still getting a check. As for my adult daughters, they have no savings, and both are out of work now. I’m sure we’ll be using Venmo a lot for the foreseeable future.
This post was edited on 3/19/20 at 9:14 am
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