Americans report less money in savings, more credit card debt

Рет қаралды 12,348

5 ай бұрын

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: 81

@graceweber2822 5 ай бұрын

How can you save if you can barely put food on the table?

@judithgrace9850 5 ай бұрын

Work extra jobs. Start an online honest business. Become a politician and accept bribes. Like our politicians do etc

@judithgrace9850 5 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.

@Vinny8El611 2 ай бұрын

@@judithgrace9850That’s damn good advice, what about a meteorologist 🤔

@njdriving 5 ай бұрын

Most likely doom spending, they can see their future won't be bright so might as well enjoy now.

@lexa_power 5 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.

@6packjesus 5 ай бұрын

But also some people are renting in places they can’t afford in the first place

@keilana6 5 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_power 5 ай бұрын

@@6packjesus but if you don’t have the money to move then what choice do you have?

@lexa_power 5 ай бұрын

@@keilana6 exactly and 99% of people use income for survival

@6packjesus 5 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.

@alandavis8211 5 ай бұрын

If you don't have any savings you don't need a credit card .

@charletfoster8917 5 ай бұрын

Investing n Saving lesson really should be part of our public /private education

@rosemarywilliams9969 5 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.

@jbar_85 5 ай бұрын

Yet somehow this economy is “good”.

@theoriginalr7310 5 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.

@Polostar79 5 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.

@ismaileee 5 ай бұрын

Saving money? That's unAmerican! 😅

@keilana6 5 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.

@bovnycccoperalover3579 5 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.

@theoriginalr7310 5 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.

@EnronnSierra 4 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.

@gregorypaine513 2 ай бұрын

Vote Democrats out in Nov

@EnronnSierra 2 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.

@orangecat5036 5 ай бұрын

How they gonna save anything with inflation.😅

@Deeptunester 4 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.

@Goat1229 2 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

@DanielGoldMcduckRose 5 ай бұрын

If they cut 2 early is will be round 2.

@Patrick-yh5yd 4 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.

@zjones9876 5 ай бұрын

Who the heck doesn't have $1,000 in their savings account?

@Mmt13 3 ай бұрын

Lots and lots of people

@zjones9876 3 ай бұрын

@@Mmt13 crazy to me that's hardly any money

@beautyandthesimp 5 ай бұрын

Saving only for 3 months

@cokikillide5855 5 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.

@johnwedgeworth4908 5 ай бұрын

Why should we have to budget? The government certainly doesn’t.

@josephtrudel1816 5 ай бұрын

U mean starbucks spending isnt a retirement fund?

@DCcivilian 4 ай бұрын

Teach budgeting, investing, and debt management/consequences in school. It doesn’t appear that most parents are getting the job done.

@rosemarywilliams9969 5 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.🖤

@8ofwands300 5 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.

@orangecat5036 5 ай бұрын

We'll Elon musk has six month's of savings but we aren't Elon musk ...arent we.

@AngelaVlahos 29 күн бұрын

sue the luxuries

@sandeep12686 5 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?

@awilliams4543 5 ай бұрын

😂 GEN Z YOU WILL OWN NOTHING HAHAHA

@AK255. 5 ай бұрын

Nah only u will own nothing hahaha

@awilliams4543 5 ай бұрын

@@AK255. u wish genius

@cheenoulee7455 5 ай бұрын

Dave Ramsey and his team are our savior. 2024; year of attacking debt!!!!!

@amy2284 5 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.

@Polostar79 5 ай бұрын

Money becomes a math problem when you don’t make enough to positively alter your behavior.