$1,000 in savings?

Discussion in 'Economics and Finance' started by Giada, Oct 9, 2016.

  1. Giada MAGA

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    What the hell US?


    Nearly 7 in 10 Americans have less than $1,000 in savings


    America's spend-first mentality is a genuine concern.
    [IMG]
    (Photo: Getty Images)
    The U.S. is often referred to as the land of economic opportunity. Apparently, it's also the land of consumption and "spend everything you've got."
    We don't have to look far for confirmation that Americans are generally poor savers. Every month the St. Louis Federal Reserve releases data on personal household savings rates. In July 2016, the personal savings rate was just 5.7%. Comparatively, personal savings rates in the U.S. 50 years ago were double where they are today, and nearly all developed countries have a higher personal savings rate than the United States. In other words, Americans are saving less of their income than they should be — the recommendation is to save between 10% and 15% of your annual income — and they're being forced to do more with less in terms of investing

    http://www.usatoday.com/story/money/personalfinance/2016/10/09/savings-study/91083712/
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  2. Man Against Time Black Hole Melchizedek

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    Our macroeconomic framework is defined by debt slavery, and our crass culture is defined by nigger rich consumerism and the YOLO mentality. No one saves shit.
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  3. Johnson TRuMP

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    7 in 10 Americans are living paycheck to paycheck.
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  4. rasputin Forum Veteran

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    Fucking bums shouldn't be able to vote.
  5. Man Against Time Black Hole Melchizedek

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    We're a nigalitarian bumocracy.
  6. Giada MAGA

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  7. Man Against Time Black Hole Melchizedek

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    Giada, don't act like you aren't working so that some moron boyfriend of yours can play video-games all day. We know the truth.



    (this is in jest--disclaimer added because sometimes Giada becomes unnecessarily furious with my comments b/c of difficulty detecting sarcasm)



    (disclaimer ruins joke, thanks giada)
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  8. fuz al-nufi Bar Regular

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    i find it hard to believe the avg american even has a k in savings. If ur a mortgage-slave like most pepo ur going to be many thousands of dollars in debt. Ppl with mortgages like to call themselves 'homeowners' rather than in reality wat they are - total debt-slaves who dont own shit.
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  9. Giada MAGA

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    You're delusional.
    I had more than that in my savings account in high school.
  10. fuz al-nufi Bar Regular

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    well things have changed since 1975. There's less wealth to go around, more wealth is concentrated at the top(or with the old), pepo no longer care about leaving wealth to their children(because theyre all godless materialists who see children as burdens or hobbies). Spending power has completely gone to shit. In the 80s where i come from u didnt even have to finish high school to have a very comfortable middle class living, with a housewife who didnt have to work, and multiple children all well-provided for. Nowadays having a wife who doesnt work and multiple children would require fairly significant wealth(at least to provide them with a comfortable life). Wealth that is no longer attainable for plebs who at one time could make money on par with educated white-collars if they just busted their asses in their respective industry. All these industries are dead now or dying. Not everyone is capable of being a doctor or a dentist and deindustrialization has marginalized their pleb descendants. The money simply isnt there to be made anymore. U only get ahead in this life nowadays if ur well-connected, a criminal engaged in lucrative criminal activity, or are amongst the tiny minority of plebs actually capable of socially-climbing the ladder due to inherent superior intelligence, ambition, drive, desire(which most plebs don't have).
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  11. Giada MAGA

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    Wrong.

    People overspend. They over indulge.

    Where did the year 1975 come from?
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  12. fuz al-nufi Bar Regular

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    becuz u were in high school in 1975 u old bag.
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  13. Giada MAGA

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    No, I wasn't.

    Am I suppose to apologize for being taught to save for a rainy day?

    No.
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  14. WFHermans Forum Veteran

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    If you put $10,000 into your savings account you will earn about 30 zogbucks this year. Hardly worth the mouseclicks.

    Buy high dividend stock and get 10 times at much from dividend alone. I'm waiting for Trump winning in a landslide, the jews crashing the market for a few days, then outjewing them by picking up undervalued stock. Jews aren't that smart.
  15. The Bobster Forum Veteran

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    The kikenvermin threw a tantrum after the Brexit and crashed the markets. I was in there buying.
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  16. Angroid CyberSperg 1138

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    And now u know why Apple Corp has so much cash. Those average plebs who cannot aford i-Shite are exactly the ones who end up buying tons of it and blowing not only whatever expendable income they had on it, but also taking out loans & payment plans to try an' keep up. Apple i-Shite.... u pay, u pay again and u keep on paying. :lol:

    PS:
    Having savings in a bank account isn't necessarily what you think it is. The definition of what constitutes "ur money" may not be what u think it is. That is certainly the case in the UK and probably in many other countries incl. the US.

    When u deposit money in a bank account, you become a creditor to said Bank. That money you deposited that you thought was "yours" isn't yours any longer, because you gave it to the bank. The bank is now obliged to return AN EQUIVALENT AMOUNT of money to you on demand, but face facts... they're a bank and they have more money and :jew: lawyers than you can swing a cat at. If they don't, won't or can't repay you, you're fucked. The bank will still legally owe you that money but so fucking what? Good luck trying to make them cough it up.......

    This may seem like a downright bizarre legal problem, but that's how it is, and very few people realise and understand that once you've handed your money over ie deposited it, it ceases to be legally your property. The bank is only obliged to repay you a corresponding amount. That's a big legal difference between "your money" ie "your property", and the bank's property.... to do with as they please.

    The usual advice applies, stuff the mattress with Zogbux cash, buy ammo, buy real physical gold and stash it somewhere ON YOUR OWN PROPERTY, buy long life tradeable goods, buy property, diversify ur portfolio etc etc... But for heavens sake.... don't leave all ur financial assets in the :jew: banking system and in :jew: stocks & shares.
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  17. Man Against Time Black Hole Melchizedek

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    Another reason to consider the mattress approach is that it's far easier for the court system to completely pwn you if most of your money is sitting in a bank account. The existence of what remains in your personal, private possession can be vociferously denied and is not so easy for the State or anyone else to snatch away.
  18. Giada MAGA

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    I feel safer having money in the bank than in my mattress.
  19. Man Against Time Black Hole Melchizedek

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    It depends on one's circumstances, really.
  20. Giada MAGA

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    How so?

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