A new survey shows only 48% of adults in the U.S. say they have enough emergency savings to cover at least three months of expenses.
Пікірлер: 77
@graceweber28227 ай бұрын
How can you save if you can barely put food on the table?
@judithgrace98507 ай бұрын
Work extra jobs. Start an online honest business. Become a politician and accept bribes. Like our politicians do etc
@judithgrace98507 ай бұрын
❤Hola from Queretaro Not me. for I moved to Mexico in 2021 at 79. It is less expensive and safer but you still must be alert, and do your homework. Retirement or online income is the best way to support yourselves Bring only one suitcase and a backpack Pay to have your stuff removed. Do not sell or give away due to criminals. Move to Mexico. God is in charge , and he has the weapons of mass destruction. He will end all this evil around the world, USA will not protect USA citizens. Our money is being stolen. Move to Mexico Allah u Akbar. . Praying for the world All lives matter All lives matter. Happy I moved to Mexico in 2021 at 79. RIP Everyone, The greedy are stealing our money.
@Vinny8El6115 ай бұрын
@@judithgrace9850That’s damn good advice, what about a meteorologist 🤔
@njdriving7 ай бұрын
Most likely doom spending, they can see their future won't be bright so might as well enjoy now.
@jbar_857 ай бұрын
Yet somehow this economy is “good”.
@theoriginalr73107 ай бұрын
Compared to the rest of the world, America's economy is great. We live in a global society. Unemployment and inflation are out of control in other countries.
@Polostar797 ай бұрын
You’re going to hear how “good” the economy right up until Election Day and then depending on the outcome the economy will either still be “good” or in the toilet.
@EnronnSierra7 ай бұрын
15% of my pay check each month goes into my 401K, but its seriously squeezing me, on top of the HSA and then all that tax thats coming every two weeks. Tack on rent and groceries, you barely have anything left. And you gotta save for old age knowing how expensive this country is becoming every month.
@gregorypaine5134 ай бұрын
Vote Democrats out in Nov
@EnronnSierra4 ай бұрын
@@gregorypaine513 I agree, this experiment isn’t working. I think most democrats will be sitting out November and let the chips fall where they may. You are send hundreds of billions to fight foreign wars, yet you are squeezing your own people everyday on basic cost of living. The math isn’t mathing.
@alandavis82117 ай бұрын
If you don't have any savings you don't need a credit card .
@lexa_power7 ай бұрын
It’s not that we don’t prioritize it, it’s that the money just isn’t there. If your rent is more than you get paid, then that’s that. There is nothing to save when you are underwater and your basic necessity living expenses (rent and utilities) are higher than your income which is the case for a lot of us. Jobs do not pay an appropriate amount for what housing costs nowadays in any area.
@6packjesus7 ай бұрын
But also some people are renting in places they can’t afford in the first place
@keilana67 ай бұрын
Absolutely. Landlords are raising rent at an unsustainable rate for working person. One emergency can mean loss of home or transportation cascading into loss of income. People who use income for survival usually do not get raises large enough to meet ever increasing cost of living.
@lexa_power7 ай бұрын
@@6packjesus but if you don’t have the money to move then what choice do you have?
@lexa_power7 ай бұрын
@@keilana6 exactly and 99% of people use income for survival
@6packjesus7 ай бұрын
@@lexa_power that is true. I’m speaking for the ones living in a nice place yet saying they can’t afford it.
@charletfoster89177 ай бұрын
Investing n Saving lesson really should be part of our public /private education
@rosemarywilliams99697 ай бұрын
I use to wonder why it wasn't until my college professor said he would not teach me to invest because everyone would want it and he would not make money on his side business.
@ismaileee7 ай бұрын
Saving money? That's unAmerican! 😅
@keilana67 ай бұрын
I cannot afford to buy a used car. When I 1st was unable to repair car, I thought I could save money used for car expenses. Turns out I have been spending that money on food & increased electricity costs. Electric charges have doubled for me in last 3 months. I am not eligible for any assistance & I am low income. These guys are talking about saving if your income is over $ 30,000.
@bovnycccoperalover35797 ай бұрын
They use the U-3 unemployment number which doesn't include people who stopped looking and more. The U-6 is more accurate and is at least double the U-3 number.
@theoriginalr73107 ай бұрын
Yes, but the U-6 number is lower than it has ever been the last couple of years. No matter how you cut it, unemployment is very low.
@Goat12295 ай бұрын
It’s come to a point that saving for retirement and paying for a car(used to get to work to fund that “emergency fund “) is becoming a luxury
@orangecat50368 ай бұрын
How they gonna save anything with inflation.😅
@Deeptunester7 ай бұрын
I also guarantee that if you look at the spending history/budgets of most of these people that are essentially living paycheck to paycheck, you can easily identify reasonable cuts that could be made to save more money for the vast majority of them.
@Patrick-yh5yd6 ай бұрын
Thank that old fool in the White House. He says you are doing great. Wait til he makes you buy an electric car.
@rosemarywilliams99697 ай бұрын
Dude sounds so privileged its not cute! You do need to save ...Here's a thought, how many people in the last year have had their cars hit in their own driveway and nobody there to see it so they're forced to pay for it themselves? How many people have had their rent increase more than $400 a month? last time I checked those are emergencies so when you use that fund that took years to save up on back-to-back emergencies that's out of your control; then guess what, it's a lot harder to build that emergency when your income didn't go up and you're depleted!! Stop acting like Americans are lazy cause We are NOT.🖤
@8ofwands3007 ай бұрын
Wages are outpacing inflation at this point. I don't think he's claiming people are lazy but we are a consumer-driven society with very little budget consciousness. I also don't make a lot of money and all of my expenses are much higher. But I just tighten my belt. Never order out for food. Never buy a coffee on the road. Never go on vacation. Drive a 17 year old car. Wear thrift store clothes. Never get my nails done. Use a 10- year old phone. And yes, I have an emergency fund.
@zjones98767 ай бұрын
Who the heck doesn't have $1,000 in their savings account?
@Mmt136 ай бұрын
Lots and lots of people
@zjones98766 ай бұрын
@@Mmt13 crazy to me that's hardly any money
@DanielGoldMcduckRose7 ай бұрын
If they cut 2 early is will be round 2.
@beautyandthesimp7 ай бұрын
Saving only for 3 months
@cokikillide58557 ай бұрын
48% of these adults were also 18 years old. Ok, now that makes more sense. Jeez, these statistic have no context or references, so why would I trust them.
@johnwedgeworth49087 ай бұрын
Why should we have to budget? The government certainly doesn’t.
@DCcivilian7 ай бұрын
Teach budgeting, investing, and debt management/consequences in school. It doesn’t appear that most parents are getting the job done.
@josephtrudel18167 ай бұрын
U mean starbucks spending isnt a retirement fund?
@brianadams62047 ай бұрын
The answer to all of this is DAVE RAMSEY.
@DanielGoldMcduckRose7 ай бұрын
He preaches common sense.
@markmurrell18947 ай бұрын
Yep, common sense. Something CBS doesn’t like talking about.
@ronaldlindeman61367 ай бұрын
Sure. Then all those bankers will be out of jobs. How will we survive!
@amy22847 ай бұрын
Yes!!! No debt and live than less than we make. Have an emergency fund
@AngelaVlahos3 ай бұрын
sue the luxuries
@sandeep126867 ай бұрын
48% of americans have enough money to cover 3 months of expences but only 44% of americans can cover a $1000 bill? Am I missing something?
@cheenoulee74557 ай бұрын
Dave Ramsey and his team are our savior. 2024; year of attacking debt!!!!!
@orangecat50368 ай бұрын
We'll Elon musk has six month's of savings but we aren't Elon musk ...arent we.
@awilliams45437 ай бұрын
😂 GEN Z YOU WILL OWN NOTHING HAHAHA
@AK255.7 ай бұрын
Nah only u will own nothing hahaha
@awilliams45437 ай бұрын
@@AK255. u wish genius
@amy22847 ай бұрын
Money is a behavior problem and not a math problem. We can control the controllables of spending less than we make. What you said about spending on vacations or wants is why it’s easy not to pay ourselves first. Dave Ramsey’s financial peace is a structured process of baby steps one can do (no matter what income) to change our consumerism and save money.
@Polostar797 ай бұрын
Money becomes a math problem when you don’t make enough to positively alter your behavior.