[–] [deleted] 0 points 3 points (+3|-0) ago 

[Deleted]

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[–] Big_Amish 0 points 0 points (+0|-0) ago 

Shit I'm 25 and I've got 10k and I thought I was doing well. What state do you live in? I'm in NJ so cost of living is pretty high otherwise I would probably have a lot more.

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[–] brother_tempus 1 points 2 points (+3|-1) ago 

When the Federal Reserve artificially lowers the interest rates to a point where saving is almost a punitive action ... why bother?

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[–] sumguy 1 points -1 points (+0|-1) ago 

Ah... I see you've chosen to work 40~60 hours a week till you die. Bold choice, lets see if it pays off for you.

"savings" does NOT mean only a "Savings account" at a bank. Savings can be put anywhere, IRAs, 401K/403B, stocks, bonds, HSA, in your fucking mattress. Not having $1000 to your name, in cash/something of value like gold/silver, is a bad thing. It means that you are probably 1~2 paychecks away from being homeless.

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[–] CallASpadeASpade 0 points 2 points (+2|-0) ago 

Actually, this article is talking about cash in a savings account, specifically. Tempus is right, there's zero reason to do that given the interest rates.

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[–] brother_tempus 1 points 0 points (+1|-1) ago 

Ah... I see you've chosen

to point out the real reason why savings are not a big part of an Americans portfolio ... and how its a government created problem

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[–] Ywis 0 points 1 points (+1|-0) ago 

This should be worrying to many people.

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[–] cdinvb 1 points -1 points (+0|-1) ago 

I have only observation and anecdote to support my conjecture that a lot of hard-working Americans don't make enough to have savings. I'm not going to discount poor choices (lots of kids, for example) and God only knows what else. Just observe that the hours and pay scale for many people makes keeping up with expenses difficult.