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Many adults not saving
Poast new message in this thread
Date: March 18th, 2019 7:51 AM Author: Swollen Racy Gunner 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: Crystalline Excitant Market Sound Barrier (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: Indecent gay wizard 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: ivory exhilarant cuck 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: boyish know-it-all partner national $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: Indecent gay wizard 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: ivory exhilarant cuck 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: Indecent gay wizard 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: Alcoholic Tanning Salon 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: Ebony stage 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: Crystalline Excitant Market Sound Barrier (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: titillating onyx sweet tailpipe pit 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: Swollen Racy Gunner 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: charcoal mentally impaired ticket booth masturbator 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: Swollen Racy Gunner 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: charcoal mentally impaired ticket booth masturbator 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: ivory exhilarant cuck "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: titillating onyx sweet tailpipe pit 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: ivory exhilarant cuck 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: titillating onyx sweet tailpipe pit 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: ungodly bateful stag film tattoo 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: Ruddy public bath twinkling uncleanness 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: sooty frozen house stain 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: fear-inspiring out-of-control theatre international law enforcement agency (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: ivory exhilarant cuck (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: bull headed deranged death wish 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: Azure federal friendly grandma liquid oxygen 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: orchid corner 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: Indecent gay wizard 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: violent patrolman (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: Ebony stage 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: charcoal mentally impaired ticket booth masturbator (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: ivory exhilarant cuck 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: titillating onyx sweet tailpipe pit 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: ivory exhilarant cuck 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: titillating onyx sweet tailpipe pit 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: charcoal mentally impaired ticket booth masturbator 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: Razzle Station 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: charcoal mentally impaired ticket booth masturbator 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: Deep khaki sandwich 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: Chestnut Party Of The First Part Abode 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: Shaky Sepia Dragon Step-uncle's House 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: bull headed deranged death wish (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: Chestnut Party Of The First Part Abode “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: titillating onyx sweet tailpipe pit 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: Chestnut Party Of The First Part Abode 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: ivory exhilarant cuck 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: Hideous space (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: charcoal mentally impaired ticket booth masturbator ? (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: Chestnut Party Of The First Part Abode 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: charcoal mentally impaired ticket booth masturbator 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: orchid corner 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: Peach digit ratio piazza 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: bull headed deranged death wish (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: Swollen Racy Gunner 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: charcoal mentally impaired ticket booth masturbator 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: stubborn pink feces orchestra pit 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: Swollen Racy Gunner 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: Indecent gay wizard 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: Chestnut Party Of The First Part Abode 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: titillating onyx sweet tailpipe pit (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: sooty frozen house stain 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: charcoal mentally impaired ticket booth masturbator 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: stubborn pink feces orchestra pit 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: charcoal mentally impaired ticket booth masturbator 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: stubborn pink feces orchestra pit 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: charcoal mentally impaired ticket booth masturbator 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: Peach digit ratio piazza 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: Bisexual university 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: Abusive temple philosopher-king 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: Peach digit ratio piazza 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: orchid corner (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: Contagious mood rigpig 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: Abusive temple philosopher-king 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: Swashbuckling Multi-billionaire Messiness 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: Hideous space 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: Nofapping silver shitlib really tough guy 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: aquamarine shivering plaza pocket flask (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: ungodly bateful stag film tattoo 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: charcoal mentally impaired ticket booth masturbator 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: Beta Trip Famous Landscape Painting 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: Mint curious property 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: Chestnut Party Of The First Part Abode 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: iridescent casino goyim 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: bossy black woman I save ~60% of my income.
SUP? |
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Date: March 21st, 2019 9:32 AM Author: Heady Demanding Roast Beef 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: Deep khaki sandwich 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: Heady Demanding Roast Beef 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: Burgundy Aphrodisiac Library Knife (Doesn't know what monthly nut means) (http://www.autoadmit.com/thread.php?thread_id=4223482&forum_id=2#37965312) |