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Economy

Mike 03

(17,764 posts)

11. Exactly. The number of individuals/families who could not sustain a

Reply to marybourg (Reply #3)

Thu Dec 12, 2024, 04:51 AM

Dec 12

$400 emergency and still meet their monthly financial obligations is, according to William Barber's book "White Poverty," 140 million, or 43% of the U.S.

I was looking the other day at a breakdown of what people 65 and older have in savings, broken down by age group, and it was nowhere near $5 million. IIRC, most had saved $500,000 or significantly less.

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Highlight:

Are You In The Top 3% Of Retirees? Here's The Shockingly Low Amount You Need Saved To Rank Among The Richest [View all] nmmi Dec 11 OP

Bill Gates walks into a bar. markodochartaigh Dec 12 #1

+1. Yeah, when I read some of the so-called experts, I feel like an retirement savings incel. Silent Type Dec 12 #2

Most people live paycheck-to-paycheck; certainly not a lifestyle marybourg Dec 12 #3

Suze is out of touch with reality stollen Dec 12 #6

Exactly. The number of individuals/families who could not sustain a Mike 03 Dec 12 #11

The median net worth is about $192,900 - half of households above, half below. Tactical Peek Dec 12 #4

Yes, this is the statistic Katie Phang used about a week Mike 03 Dec 12 #10

Suze is full of crap stollen Dec 12 #5

I pushed the numbers when laid off at 60 exboyfil Dec 12 #7

I'm down in the sub sub sub basement as I am actually living under the poverty level as I've been disabled for decades. cstanleytech Dec 12 #8

you're worth something to us Skittles Dec 12 #9