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Why gun ownership is up: 58 percent had less than $1,000 saved.
invite response
2019 Jan 14, 5:03pm 1,866 views 8 comments
Comments 1 - 8 of 8 Search these comments
1
KgK one
2019 Jan 14, 5:14pm
Numbers may be little exaggerated. People may have money in 401k ,stock accounts, other assets... not necessarily in saving account that pays barely any interest.
2
MrMagic
2019 Jan 14, 6:19pm
MrMagic
2019 Jan 14, 6:19pm
KgK one says
Reading comprehension....
The article was about savings, not retirement accounts.
willywonka says
See, it references unexpected hardships..
KgK one says
Do you know many people who take withdraws from their 401K to get their car fixed, or replace their water heater?
Numbers may be little exaggerated. People may have money in 401k ,stock accounts, other assets...
Reading comprehension....
The article was about savings, not retirement accounts.
willywonka says
“It’s always concerning when a large part of the population is seemingly living paycheck to paycheck because when unexpected personal or financial hardships occur, it can be challenging to recover without adequate savings,” Jason Thacker, head of consumer deposits and payments at TD Bank, said.
See, it references unexpected hardships..
KgK one says
not necessarily in saving account that pays barely any interest.
Do you know many people who take withdraws from their 401K to get their car fixed, or replace their water heater?
3
RWSGFY
2019 Jan 14, 6:22pm
RWSGFY
2019 Jan 14, 6:22pm
willywonka says
Wow, it was $400 only couple of month ago.
The survey found that 58 percent of respondents had less than $1,000 saved.
Wow, it was $400 only couple of month ago.
4
FortWayneAsNancyPelosiHaircut
2019 Jan 14, 6:46pm
FortWayneAsNancyPelosiHaircut
2019 Jan 14, 6:46pm
I don’t think surveys are accurate. I’d never tell the truth, because I know they’d try to come and take it. Fucking bankers!!!
5
RWSGFY
2019 Jan 14, 9:36pm
RWSGFY
2019 Jan 14, 9:36pm
MrMagic says
I don't. The people I know usually put that kind of expense on CC and pay it off when statement is due. Nobody is holding money in savings accounts anymore because fuck 1% returns.
Do you know many people who take withdraws from their 401K to get their car fixed, or replace their water heater?
I don't. The people I know usually put that kind of expense on CC and pay it off when statement is due. Nobody is holding money in savings accounts anymore because fuck 1% returns.
6
MrMagic
2019 Jan 14, 10:04pm
MrMagic
2019 Jan 14, 10:04pm
ThreeBays says
What fun would that be? You can't take the money with you when you go. Plus, he who dies with the most toys wins!
Damn, if people bought fewer guns they could have more to put in their savings accounts.
What fun would that be? You can't take the money with you when you go. Plus, he who dies with the most toys wins!
7
RWSGFY
2019 Jan 14, 10:26pm
RWSGFY
2019 Jan 14, 10:26pm
ThreeBays says
At least they are not wasting their money on stupid things like gold or bitcoin.
Damn, if people bought fewer guns they could have more to put in their savings accounts.
At least they are not wasting their money on stupid things like gold or bitcoin.
8
komputodo
2019 Jan 14, 10:50pm
komputodo
2019 Jan 14, 10:50pm
willywonka says
58% said they had less...How big of a percentage actually has less? 75%?
This year, GOBankingRates asked more than 5,000 adults, “How much money do you have saved in your savings account?” Respondents could choose from one of seven options:
The survey found that 58 percent of respondents had less than $1,000 saved.
58% said they had less...How big of a percentage actually has less? 75%?
Since 2015, GOBankingRates has asked Americans how much they have in savings. Each year, the survey results have shown that a majority of adults don’t even have $1,000 in a savings account. That trend continues in 2018.
To find out why this year’s survey also asked respondents what obstacles are preventing them from saving and what they’d be willing to sacrifice to reach their savings goals. For those who are setting aside cash, the poll sought to find out what they are saving for and what resources have helped them manage their savings.
The Overall Savings Rate Isn’t Improving
This year, GOBankingRates asked more than 5,000 adults, “How much money do you have saved in your savings account?” Respondents could choose from one of seven options:
The survey found that 58 percent of respondents had less than $1,000 saved.
“It’s always concerning when a large part of the population is seemingly living paycheck to paycheck because when unexpected personal or financial hardships occur, it can be challenging to recover without adequate savings,” Jason Thacker, head of consumer deposits and payments at TD Bank, said.
For the most part, there was very little improvement from last year’s survey. In fact, the percentage of adults with less than $1,000 in savings increased slightly to 58 percent from 57 percent in 2017. The graphic below shows how much Americans have been saving over the years, beginning in 2014.
https://www.gobankingrates.com/saving-money/savings-advice/average-american-savings-account-balance/