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62% of Americans Have Under $1,000 in Savings, As per survey. Also the gender % are similar till 9.99K. It might be useful to MRA bloggers so shared here.

sukantseth

October 8, 2015
31 upvotes
/r/MensRights
http://www.gobankingrates.com/savings-account/62-percent-americans-under-1000-savings-survey-finds/
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Title 62% of Americans Have Under $1,000 in Savings, As per survey. Also the gender % are similar till 9.99K. It might be useful to MRA bloggers so shared here.
Author

sukantseth

Upvotes 31
Comments 10
Date October 8, 2015 12:46 PM UTC
(10 years ago)
Subreddit Posted in /r/MensRights
Original Link https://old.reddit.com/r/MensRights/comments/3nys7z/62_of_americans_have_under_1000_in_savings_as_per/
Archive Link https://theredarchive.com/r/MensRights/62-of-americans-have-under-1000-in-savings-as-per.969808
https://theredarchive.com/post/969808
Red Pill terms in post
MRA
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Comments

[–][deleted] 6 points7 points8 points 10 years ago (1 child) | Copy Link

Even worse, the next-most-common answer is “I don’t have a savings account,”

From a finance perspective this is not a big deal. Currently savings accounts are worth less than shit. I put my excess cash in a cash brokerage account and buy stocks with it. But I keep 10k in my checking.

[–]InvaderDem 0 points1 point2 points 10 years ago (0 children) | Copy Link

I have a savings account because I will actively avoid using that money and will budget with what I have in checking. Eliminating that ability of using that money by swiping a card is huge for me.

That being said - none of this information is shocking. Cost of living is expensive and people are underpaid.

[–][deleted] 2 points3 points4 points 10 years ago (1 child) | Copy Link

That's not all that surprising. What's surprising is that women are twice as likely (60+%) to be carrying a credit card balance than men are (30%), and that whenever I read an article about this, the rationale for why this occurs is typically "pay gap", as if women have to offset that horrible, horrible discrimination with discretionary spending to keep up and it's all men's fault they carry a balance.

[–]eletheros 1 point2 points3 points 10 years ago (0 children) | Copy Link

as if women have to offset that horrible, horrible discrimination with...

...high interest rates.

[–]newharddrive 2 points3 points4 points 10 years ago (3 children) | Copy Link

Does this mean that they are in stocks and bonds or have no money?

[–]Mitthrawnuruodo1337 1 point2 points3 points 10 years ago (2 children) | Copy Link

I'm guessing some of each. I find it hard to believe that 20% of people making over $100k a year have no money.

[–]not_AtWorkRightNow 0 points1 point2 points 10 years ago (1 child) | Copy Link

Actually, assuming home equity isn't counted in savings, I'm surprised that number isn't higher. A lot of people just get a big house and a nice car and think they don't need savings cause those are "investments"

[–]Mitthrawnuruodo1337 1 point2 points3 points 10 years ago (0 children) | Copy Link

Hmmmm... "savings account" is probably the culprit then. Such people probably have a checking account, but I guess that doesn't count.

[–]doomsought 0 points1 point2 points 10 years ago (0 children) | Copy Link

I just leave all of mine in my checking account. A little over four thousand but its going to drop a good bit to get a new fuel pump for my car.

[–]Brindaivyim 0 points1 point2 points 10 years ago (0 children) | Copy Link

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