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Many adults not saving
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Date: March 18th, 2019 7:51 AM Author: chrome diverse brunch jap https://www.linkedin.com/feed/news/many-working-adults-not-saving-rpt-4376371/
Working Americans are struggling to save, according to a Bankrate survey. More than 20% reveal they are not saving “at all,” a figure that has remained the same since 2016. Almost half of working adults are saving something — but only around 10% of their yearly incomes (just 16% say they are able to save at least 15%). The low saving rate has been blamed on high levels of student debt, the lack of wage growth and increased living costs.
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Date: March 18th, 2019 7:53 AM Author: fuchsia histrionic ticket booth double fault (http://www.autoadmit.com/thread.php?thread_id=4223482&forum_id=2#37949046) |
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Date: March 18th, 2019 7:54 AM Author: yellow point jew it's tough to save. after taxes, we have about $2,100/month (http://www.autoadmit.com/thread.php?thread_id=4223482&forum_id=2#37949047) |
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Date: March 18th, 2019 8:20 AM Author: Provocative emerald tank legend What's your HHI? (http://www.autoadmit.com/thread.php?thread_id=4223482&forum_id=2#37949072) |
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Date: March 18th, 2019 8:41 AM Author: amethyst boltzmann tanning salon $430k. (http://www.autoadmit.com/thread.php?thread_id=4223482&forum_id=2#37949085) |
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Date: March 18th, 2019 8:45 AM Author: yellow point jew gross pre-tax hhi is a shade over $600k/year (http://www.autoadmit.com/thread.php?thread_id=4223482&forum_id=2#37949093) |
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Date: March 18th, 2019 8:52 AM Author: Provocative emerald tank legend LJL excellent flame (http://www.autoadmit.com/thread.php?thread_id=4223482&forum_id=2#37949110) |
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Date: March 18th, 2019 8:53 AM Author: yellow point jew i wish it were flame, brother (http://www.autoadmit.com/thread.php?thread_id=4223482&forum_id=2#37949112) |
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Date: March 18th, 2019 1:47 PM Author: Galvanic aqua plaza well assuming true this at least proves you aren’t a spaceporn alt (http://www.autoadmit.com/thread.php?thread_id=4223482&forum_id=2#37950267) |
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Date: March 21st, 2019 9:59 AM Author: Passionate goal in life holy fuck brother who is responsible for this (hint: it’s you) (http://www.autoadmit.com/thread.php?thread_id=4223482&forum_id=2#37965251) |
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Date: March 18th, 2019 8:47 AM Author: fuchsia histrionic ticket booth double fault (http://www.autoadmit.com/thread.php?thread_id=4223482&forum_id=2#37949098) |
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Date: March 18th, 2019 8:04 AM Author: Massive cruise ship They do this story once a year (http://www.autoadmit.com/thread.php?thread_id=4223482&forum_id=2#37949057) |
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Date: March 18th, 2019 9:38 AM Author: chrome diverse brunch jap prob cause its true (http://www.autoadmit.com/thread.php?thread_id=4223482&forum_id=2#37949221) |
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Date: March 18th, 2019 10:00 AM Author: Sexy Light Senate This is like a story showing that high school kids are bad drivers. (http://www.autoadmit.com/thread.php?thread_id=4223482&forum_id=2#37949273) |
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Date: March 18th, 2019 10:01 AM Author: chrome diverse brunch jap but why only american high school kids?
if u look at savings rate across emerging and western countries, its much higher than the u.s.: china, japan, india, germany. 20-35%. |
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Date: March 18th, 2019 10:05 AM Author: Sexy Light Senate Some of these are not like the other. India and China - because they don't trust the government to take care of them, and rightly so.
Japan was in this boat post-WW2, and I think it is sticking. In general though, aging population = more focus on saving.
Germany: also was in a terrible state post-WW2, so culture adapts. |
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Date: March 18th, 2019 8:20 AM Author: Provocative emerald tank legend "More than 4 in 10 households (45 percent) earning less than $30,000 per year aren’t saving any money. "
I think it's actually more shocking that 60% of households earning less than $30,000 are saving something. Maybe it's $50 per month or something. I can't imagine saving money on that sort of HHI, even if you're a single man. |
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Date: March 18th, 2019 9:07 AM Author: Massive cruise ship I make minimum wage and save a couple hundo per month. Try leaving nyc (http://www.autoadmit.com/thread.php?thread_id=4223482&forum_id=2#37949145) |
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Date: March 18th, 2019 9:09 AM Author: Provocative emerald tank legend Do you live in a rented room in the bowling alley behind the pin machines? (http://www.autoadmit.com/thread.php?thread_id=4223482&forum_id=2#37949151) |
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Date: March 18th, 2019 9:10 AM Author: Massive cruise ship I live in a very inexpensive dwelling (http://www.autoadmit.com/thread.php?thread_id=4223482&forum_id=2#37949155) |
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Date: March 18th, 2019 11:22 AM Author: Vibrant abusive crackhouse potus Above a bowling alley and below another bowling alley. (http://www.autoadmit.com/thread.php?thread_id=4223482&forum_id=2#37949621) |
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Date: March 18th, 2019 12:46 PM Author: talented angry quadroon boistinker a zelda dungeon where every floor is another bowling alley (http://www.autoadmit.com/thread.php?thread_id=4223482&forum_id=2#37950014) |
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Date: March 21st, 2019 9:25 AM Author: Ivory alpha sanctuary But it's cheap! (http://www.autoadmit.com/thread.php?thread_id=4223482&forum_id=2#37965132) |
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Date: March 18th, 2019 1:18 PM Author: flirting flesh trump supporter temple (Frank Grimes, or “Grimey” as he liked to be called) (http://www.autoadmit.com/thread.php?thread_id=4223482&forum_id=2#37950125) |
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Date: March 21st, 2019 10:10 AM Author: Provocative emerald tank legend (http://www.autoadmit.com/thread.php?thread_id=4223482&forum_id=2#37965326) |
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Date: March 18th, 2019 9:13 AM Author: Overrated Address Mad-dog Skullcap made more than 30k but not much more and still saved while living in a decently expensive but not MFH/SF metro area. a lot of money is wasted by the young on eating out and drinking, the former i never did/do and the latter i only did within reason (http://www.autoadmit.com/thread.php?thread_id=4223482&forum_id=2#37949166) |
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Date: March 18th, 2019 8:27 AM Author: Sick hospital roast beef I know guys that make 250 grand a year plus, and they choose to wear cheap shoes often with holes in them (because they are comfortable) , drive older but reliable cars and live in modest homes. I also know guys that make 40 grand a year and wear $200 tennis shoes, carry $1500 cell phones, always have a brand new car in the driveway, and are mortgaged to the hilt on a McMansion. Savings is a choice and a lifestyle. (http://www.autoadmit.com/thread.php?thread_id=4223482&forum_id=2#37949077) |
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Date: March 18th, 2019 8:49 AM Author: Pontificating Crystalline Masturbator the first group will get fucked by rampant inflation, confiscatory taxes, and violent vitriol attacking their conscientious life choices. they might as well get the allen edmonds. (http://www.autoadmit.com/thread.php?thread_id=4223482&forum_id=2#37949106) |
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Date: March 18th, 2019 8:53 AM Author: yellow point jew cr. when the budget crisis really comes to a head, all your savings and brokerage accounts are gone (http://www.autoadmit.com/thread.php?thread_id=4223482&forum_id=2#37949111) |
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Date: March 18th, 2019 10:22 AM Author: Blathering Hairy Legs Reading Party (http://www.autoadmit.com/thread.php?thread_id=4223482&forum_id=2#37949363) |
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Date: March 21st, 2019 10:00 AM Author: Passionate goal in life cr (http://www.autoadmit.com/thread.php?thread_id=4223482&forum_id=2#37965262) |
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Date: March 21st, 2019 10:03 AM Author: Sexy Light Senate (http://www.autoadmit.com/thread.php?thread_id=4223482&forum_id=2#37965287) |
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Date: March 18th, 2019 8:53 AM Author: Provocative emerald tank legend Our HHI is around $250k-275k per year and we save between $3k and $4k per month without dressing or living like bums. Nothing crazy, but we have new cars and a 3,000 square foot house. (http://www.autoadmit.com/thread.php?thread_id=4223482&forum_id=2#37949113) |
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Date: March 18th, 2019 9:08 AM Author: Massive cruise ship Good for you rich boi (http://www.autoadmit.com/thread.php?thread_id=4223482&forum_id=2#37949148) |
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Date: March 18th, 2019 9:10 AM Author: Provocative emerald tank legend This income puts me in the bottom 15% of XO. Nutella makes my yearly income in one month. (http://www.autoadmit.com/thread.php?thread_id=4223482&forum_id=2#37949153) |
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Date: March 18th, 2019 9:11 AM Author: Massive cruise ship Nutella's pussy has buck teeth (http://www.autoadmit.com/thread.php?thread_id=4223482&forum_id=2#37949159) |
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Date: March 18th, 2019 9:56 AM Author: Sexy Light Senate Comparing yourself to Nutella? May as well compare yourself to Zuckerburg. (http://www.autoadmit.com/thread.php?thread_id=4223482&forum_id=2#37949263) |
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Date: March 18th, 2019 11:07 AM Author: Pearl zombie-like trust fund cumskin Zuck is a spa compared to what nutella makes. (http://www.autoadmit.com/thread.php?thread_id=4223482&forum_id=2#37949554) |
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Date: March 18th, 2019 11:53 AM Author: Sexy Light Senate Nutella has that alpha demeanor that Zuck can only dream of.
Zuck to spouse: please cum (she doesn't)
Nutella to spouse: don't cum, bitch (he also doesn't) |
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Date: March 18th, 2019 10:23 AM Author: bateful fanboi area Does that include retirement savings? (http://www.autoadmit.com/thread.php?thread_id=4223482&forum_id=2#37949371) |
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Date: March 18th, 2019 9:13 AM Author: Sickened chest-beating brethren Thanks for ur input mrs. Orman (http://www.autoadmit.com/thread.php?thread_id=4223482&forum_id=2#37949167) |
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Date: March 18th, 2019 11:19 AM Author: irradiated fortuitous meteor jewess Cr. I still have a pair of track pants my mom bought me at Ross the afternoon after my high school graduation. (http://www.autoadmit.com/thread.php?thread_id=4223482&forum_id=2#37949604) |
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Date: March 18th, 2019 9:02 AM Author: Overrated Address Mad-dog Skullcap (guy new to ameriKKKa) (http://www.autoadmit.com/thread.php?thread_id=4223482&forum_id=2#37949132) |
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Date: March 18th, 2019 9:12 AM Author: Sickened chest-beating brethren “Saving” means working unnecessarily, but without enjoying the fruits of your labor. It’s like giving a freebie to GC. (http://www.autoadmit.com/thread.php?thread_id=4223482&forum_id=2#37949161) |
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Date: March 18th, 2019 9:14 AM Author: Massive cruise ship Not really, it's a way to have greater enjoyment in the future by storing and stacking the fruit of labor (http://www.autoadmit.com/thread.php?thread_id=4223482&forum_id=2#37949168) |
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Date: March 18th, 2019 9:16 AM Author: Sickened chest-beating brethren 99% chance I will be dead by October (http://www.autoadmit.com/thread.php?thread_id=4223482&forum_id=2#37949174) |
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Date: March 18th, 2019 9:18 AM Author: Provocative emerald tank legend Black October claims another brilliant young HBS mind. (http://www.autoadmit.com/thread.php?thread_id=4223482&forum_id=2#37949178) |
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Date: March 18th, 2019 12:38 PM Author: khaki private investor house (http://www.autoadmit.com/thread.php?thread_id=4223482&forum_id=2#37949990) |
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Date: March 18th, 2019 9:31 AM Author: Sexy Light Senate ? (http://www.autoadmit.com/thread.php?thread_id=4223482&forum_id=2#37949206) |
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Date: March 18th, 2019 9:48 AM Author: Sickened chest-beating brethren What are the odds that you die next week? 50/50. Week after that? 50/50. And so on. Add them all up and things don’t look great for 2020 (http://www.autoadmit.com/thread.php?thread_id=4223482&forum_id=2#37949236) |
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Date: March 18th, 2019 9:51 AM Author: Sexy Light Senate Makes sense. (http://www.autoadmit.com/thread.php?thread_id=4223482&forum_id=2#37949248) |
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Date: March 18th, 2019 12:50 PM Author: Pontificating Crystalline Masturbator basically 100% chance of death in two weeks once you multiply that 50% chance by two. (http://www.autoadmit.com/thread.php?thread_id=4223482&forum_id=2#37950025) |
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Date: March 18th, 2019 1:02 PM Author: Garnet Dashing Marketing Idea this is correct (http://www.autoadmit.com/thread.php?thread_id=4223482&forum_id=2#37950061) |
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Date: March 18th, 2019 9:16 AM Author: Overrated Address Mad-dog Skullcap (http://www.autoadmit.com/thread.php?thread_id=4223482&forum_id=2#37949176) |
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Date: March 21st, 2019 12:20 PM Author: chrome diverse brunch jap with that logic, all squirrels and bears should consume non stop and also, fuck winter cause winter's gay amirite lol (http://www.autoadmit.com/thread.php?thread_id=4223482&forum_id=2#37966060) |
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Date: March 18th, 2019 9:32 AM Author: Sexy Light Senate Story: people who make nothing save nothing. Remarkable! (http://www.autoadmit.com/thread.php?thread_id=4223482&forum_id=2#37949207) |
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Date: March 18th, 2019 9:48 AM Author: disrespectful bistre site Even people who make good money are saving very little
Only 1 in 6 is saving at least 15% of their income
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Date: March 18th, 2019 9:51 AM Author: chrome diverse brunch jap which means they're fucked
even if the 1/6 made $200k, they are saving $30k+ a year which is not even close to enough for retirement. |
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Date: March 18th, 2019 10:03 AM Author: yellow point jew most people have to save more than 100% of their income to retire. it's impossible (http://www.autoadmit.com/thread.php?thread_id=4223482&forum_id=2#37949288) |
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Date: March 18th, 2019 10:03 AM Author: Sickened chest-beating brethren Bizarre flame (http://www.autoadmit.com/thread.php?thread_id=4223482&forum_id=2#37949289) |
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Date: March 18th, 2019 12:36 PM Author: Massive cruise ship (Earl) (http://www.autoadmit.com/thread.php?thread_id=4223482&forum_id=2#37949983) |
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Date: March 21st, 2019 9:29 AM Author: Ivory alpha sanctuary What? That's plenty for retirement. (http://www.autoadmit.com/thread.php?thread_id=4223482&forum_id=2#37965147) |
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Date: March 18th, 2019 9:55 AM Author: Sexy Light Senate Does this include things like 401k? (http://www.autoadmit.com/thread.php?thread_id=4223482&forum_id=2#37949259) |
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Date: March 18th, 2019 10:11 AM Author: disrespectful bistre site Articles like this are shit in really clarifying saving vs. investing but based on the numbers, it seems like they mean all saving and investing combined (http://www.autoadmit.com/thread.php?thread_id=4223482&forum_id=2#37949319) |
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Date: March 18th, 2019 10:12 AM Author: Sexy Light Senate I find that harder to believe. We get to 15% just with maxing 401k matching. (http://www.autoadmit.com/thread.php?thread_id=4223482&forum_id=2#37949322) |
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Date: March 18th, 2019 10:17 AM Author: disrespectful bistre site You are one of the 1 in 6 that is doing at least that much
The numbers are legit, I have seen many studies that show most Americans save next to nothing on a monthly basis
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Date: March 18th, 2019 10:19 AM Author: Sexy Light Senate Well, we earn much more than top 1/6th though, so this isn't surprising. Also, for now we are DINKs. (http://www.autoadmit.com/thread.php?thread_id=4223482&forum_id=2#37949344) |
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Date: March 18th, 2019 10:03 AM Author: Garnet Dashing Marketing Idea it doesn't make sense for us to save anything until our student debt is gone. that interest rate is much higher than the after-tax interest rate we could achieve in the market. (http://www.autoadmit.com/thread.php?thread_id=4223482&forum_id=2#37949290) |
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Date: March 18th, 2019 10:52 AM Author: Navy Mexican Yes. This is exactly the type of analysis going into these savings decisions. (http://www.autoadmit.com/thread.php?thread_id=4223482&forum_id=2#37949494) |
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Date: March 18th, 2019 10:58 AM Author: Glassy balding field milk And also, why NOT live it up a bit with the money you do have NOW instead of saving it for when you're sick and old? Fuck that noise. (http://www.autoadmit.com/thread.php?thread_id=4223482&forum_id=2#37949510) |
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Date: March 18th, 2019 11:36 AM Author: Garnet Dashing Marketing Idea totally agree. many overlook the time value of time. (http://www.autoadmit.com/thread.php?thread_id=4223482&forum_id=2#37949675) |
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Date: March 18th, 2019 12:51 PM Author: Pontificating Crystalline Masturbator (http://www.autoadmit.com/thread.php?thread_id=4223482&forum_id=2#37950029) |
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Date: March 18th, 2019 10:20 AM Author: motley round eye Many of my prole co-workers are "broke" and can't even afford lunch. They're always having some kind of personal or transportation crisis, too. It's pathetic, really. (http://www.autoadmit.com/thread.php?thread_id=4223482&forum_id=2#37949350) |
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Date: March 18th, 2019 10:51 AM Author: Glassy balding field milk It's just not possible to save enough for it to be worth the aggravation.
You want it to be the other way, but it's this way. |
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Date: March 18th, 2019 11:39 AM Author: Pale set LJL at “saving” on bank “balance” sheets and “securities”
You’d be better off burning the cash. At least with consumption you get something for your labor |
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Date: March 18th, 2019 12:40 PM Author: khaki private investor house Cr. (http://www.autoadmit.com/thread.php?thread_id=4223482&forum_id=2#37949993) |
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Date: March 18th, 2019 12:41 PM Author: Vivacious dull dog poop principal's office Saving is flame. Spending beyond your means is cr. There's always another bailout coming |
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Date: March 18th, 2019 12:42 PM Author: Stimulating Idiotic National (http://www.autoadmit.com/thread.php?thread_id=4223482&forum_id=2#37950002) |
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Date: March 18th, 2019 12:45 PM Author: Vibrant abusive crackhouse potus 0.01% interest (http://www.autoadmit.com/thread.php?thread_id=4223482&forum_id=2#37950010) |
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Date: March 18th, 2019 1:06 PM Author: Sexy Light Senate Nah. The one good thing is that you can get like 2.3% interest for online savings accounts again. Still miss the 5% interest rates for accounts from the mid-2000s. (http://www.autoadmit.com/thread.php?thread_id=4223482&forum_id=2#37950079) |
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Date: March 18th, 2019 12:54 PM Author: Concupiscible puppy theatre There's no imflatiom though so we r good. (http://www.autoadmit.com/thread.php?thread_id=4223482&forum_id=2#37950037) |
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Date: March 18th, 2019 1:07 PM Author: Ebony office This is why we need YANGBUCKS. People will surely start saving these. (http://www.autoadmit.com/thread.php?thread_id=4223482&forum_id=2#37950080) |
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Date: March 18th, 2019 1:53 PM Author: Sickened chest-beating brethren This is actually GOOD for the economy because it keeps that money in circulation 💵 💵 💵 keep spending everyone it helps the 🏦🏦🏦 they will be grateful (http://www.autoadmit.com/thread.php?thread_id=4223482&forum_id=2#37950288) |
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Date: March 18th, 2019 9:26 PM Author: lemon business firm yet they'll spend 10K more on a station wagon than a sedan that was perfectly acceptable 10 years ago (http://www.autoadmit.com/thread.php?thread_id=4223482&forum_id=2#37952551) |
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Date: March 18th, 2019 9:29 PM Author: Seedy kitchen water buffalo I save ~60% of my income.
SUP? |
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Date: March 21st, 2019 9:32 AM Author: Crimson Native I just calculated. I save 42% of my monthly nut after taxes. (http://www.autoadmit.com/thread.php?thread_id=4223482&forum_id=2#37965156) |
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Date: March 21st, 2019 9:49 AM Author: bateful fanboi area What about retirement savings? (http://www.autoadmit.com/thread.php?thread_id=4223482&forum_id=2#37965213) |
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Date: March 21st, 2019 9:50 AM Author: Crimson Native I put monthly into Roth IRA that I did not include. (http://www.autoadmit.com/thread.php?thread_id=4223482&forum_id=2#37965214) |
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Date: March 21st, 2019 10:09 AM Author: lime thriller mad cow disease forum (Doesn't know what monthly nut means) (http://www.autoadmit.com/thread.php?thread_id=4223482&forum_id=2#37965312) |