Hacker News new | ask | show | jobs
by Gunax 1768 days ago
I know I am supposed to by sympathetic, but if youve left the bay area and been out in the rral world, you would know that most people do not save at all.

I used to sell RVs. I would say less than 20% of our clients could actually afford their purchase. By that I mean, people all ready in debt, but trying to max out their spending because having something leftover after bills and debts would be a waste.

2 comments

I thought it was sort of an opposite; people in the Bay Area can't save, because they spent 4x their income on their rent. People in West East-Northington, Ohio can't save, because Wal-Mart, Amazon, and Denny's gutted their towns. So the only savings accounts are in Pittsburgh and Omaha.
Btw don't save in money. Save in stocks or bonds. The banks don't need your money for loans.