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

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I was told last night a family of 4 earning 90k a year can’t be expected to have substantial savings.

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Depends on where you live. If i made that here we'd be eating Ramen every night.

quote:

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I was told last night a family of 4 earning 90k a year can’t be expected to have substantial savings.

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Sounds familiar

I remember seeing that exchange, if we're talking about the same thing, and I don't remember seeing it go down quite like that. It was more like for a family of that description, it isn't easy to maintain what was it, $20k savings? As I recall, there was one reply to the effect of a reasonable expectation being to save up earnestly until that $20k mark. Who in their right mind would be against working up that safety net? But real life is right around every corner nipping away at that effort to save.