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by jogjayr
3010 days ago
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> Almost no one has enough savings to last two years. It's an absurd metric and enforces how out of touch the author is. You should check out r/financialindependence sometime. A whole community of people (358k subscribers at present) who would consider that amount table stakes. I'll admit not all 358k of those subscribers would actually have that much money but it's still hardly "almost no one". |
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57% of Americans with less than $1000 dollars in their savings account. Only 25% with more than $10,000. What fraction of those with more than $10,000 do you think have enough to live for two years on it?
https://www.cnbc.com/2017/09/13/how-much-americans-at-have-i...