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Out of context: Reply #71219
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I read that something like 80% of people over 40 have less than $1,000 in savings.
How is that possible? Do they never stop working and living in a studio apt?
- they gotta keep up with the kardashians. paycheck to paycheck.capn_ron
- they keep buying shit they don't need to keep up w/ the jones'smoldero
- You can't save if you're barely keeping afloat. People in the US working 2 jobs are living in their cars, that's crazy.PhanLo
- Also no-one expects to fall on hard times, until they do.PhanLo
- wrong stats, dumb fucking troll.utopian
- Condoms annointed by Brett from Suede! Come on ladies, they'll get you laid.face_melter
- Inflation. Median home price has doubled in 20 years and wages stayed stagnant. This is how govt economies work.Hayoth
- Household income hasn't changed meaningfully in 50 years, despite the number of workers-per-home basically doubling in that time.i_monk
- Meanwhile taxes have been cut significantly which has the effect of making you pay more out of pocket and at a higher rate for services that used to be 'free'.i_monk