How does the majority of society have less than 1k saved?

[TugOfPeace]

A relative of mine had well into the 7 figures saved, and once her husband had a stroke, all of it is being bled out of their bank, because she qualifies for pretty much nothing, and the government won’t help them until they have nothing left.

Their decades of tax dollars at work.

That doesnt make sense. Do they not have health insurance?

[DeadlyStriker]

Yea it's a mixture of debt/overleveraged lifestyle, poor spending habits, poor financial planning (or none), and things like drugs/alcohol/gambling/insert vice here.

Honestly not surprising when you look at how some people spend money. The more money they make, the more they leverage their lifestyle and increase poor spending habits and vices.

[Muzzchpress]

I'm 23 and have 25K in my savings account

No clue how. I only make 40K. How do people who make 150K+ have zero savings? What do they spend it on?

[GooBaaa]

I'm 23 and have 25K in my savings account

No clue how. I only make 40K. How do people who make 150K+ have zero savings? What do they spend it on?

Tahoes and big houses

[GaryRidgway]

Something you want to tell us Garold?

It's not just alcohol and creatine?

You're also doing weed, dbol, and gay sex aren't you?

I don't use drugs or alcohol. The creatine was prescribed by a doctor(me).

[TugOfPeace]

I'm 23 and have 25K in my savings account

No clue how. I only make 40K. How do people who make 150K+ have zero savings? What do they spend it on?

Well, a lot of people your age went to college and have to pay back their tuition + interest. Then they have to finance a car, buy furniture, etc.

People who dont go to college have it easier when starting out with their low level job due to lack of debt.

Do you have debt?

[DrugsToGetBig]

i got like 50k burning a hole in my bank account and i still consider myself poor

[crupiea]

I think that being married is a major factor.

Its not that the wife blowing all the money most times.

i think its just that marriage and relationships in general just create this whirlwind of constant confusion.

Most days its a victory if you can just get through it much less budgeting and planning and all that.

This was certainly my experience anyway. never been better off mentally and financially since I became happily single.

I cant really recall my wife spending money wastefully or anything like that, if anything I think I might have done it but we never had any money much less 1k to put into savings. no way in hell.

can do that easily every month while single without cutting back on anything and not even having a decent job.

[Rebel012]

I'm 23 and have 25K in my savings account

No clue how. I only make 40K. How do people who make 150K+ have zero savings? What do they spend it on?

"No clue how?" You live with your parents and don't spend a dime on rent, bills, or food. That's how fgt.

[Adam16121]

That doesnt make sense. Do they not have health insurance?

Medicare. Very little support available, compared to their needs. She hired 24 hour care for him. He is a retired surgeon, and she was a physician who was chief of the neonatal unit in a hospital. They retired wealthy, paid a ton in taxes, and are now using everything they saved to care for him. Including selling their home.

[Muzzchpress]

Well, a lot of people your age went to college and have to pay back their tuition + interest. Then they have to finance a car, buy furniture, etc.

People who dont go to college have it easier when starting out with their low level job due to lack of debt.

Do you have debt?

I went to college, but my parents paid for it and I have zero expenses.

I will be in debt soon though because I'll be getting plastic surgeries since i'm an ugly incel pajeet

[TugOfPeace]

"No clue how?" You live with your parents and don't spend a dime on rent, bills, or food. That's how fgt.

Lmfao. Well that makes sense. How do you know that's his situation?

[Rebel012]

Absolutely brutal. 34yo here and have over $500k between retirement, brokerage, and cash. That doesn't even include the equity I have in our house/rentals. Can't imagine not even having $1k.

Give some to the government to make up for some of the cash your holy state siphons from American taxpayers.

[Rebel012]

Lmfao. Well that makes sense. How do you know that's his situation?

He talks about it all the time. Even just see his above post.

[Dave22reborn]

I don't understand blowing through money at Starbucks.

I see these Zoomers not only get a latte, or something crazy, but then they spend another five bucks for some disgusting, breakfast sandwich, that's already pre-made and thrown in some heater for twenty seconds.

Then of course they have to go back in the middle of the day for anther lattee, or some other concoction loaded with almond milk, and flavored syrups, plus another crappy sandwich, or some kind of desert.

[GarfieldTheCat]

I think that being married is a major factor.

Its not that the wife blowing all the money most times.

i think its just that marriage and relationships in general just create this whirlwind of constant confusion.

Most days its a victory if you can just get through it much less budgeting and planning and all that.

This was certainly my experience anyway. never been better off mentally and financially since I became happily single.

I cant really recall my wife spending money wastefully or anything like that, if anything I think I might have done it but we never had any money much less 1k to put into savings. no way in hell.

can do that easily every month while single without cutting back on anything and not even having a decent job.

Women do 80% of the spending overall in relationships.

[ye193x]

Because most people spend more as they earn more, I know people who eat out everyday after work drinks every weekend vacations, shopping, fancy homes full of nice stuff it adds up.

Gl breaking those habits it's a luxury trap

[nikonD70s]

Yeah most American are living paycheck to paycheck. Pretty sad honestly. U work all day just to pay bills and survive. A lot of my friends pay like 3k+ a month just on bills lol. They are broke af.

[Tuksonrider]

0.82c in my savings... srs

I live by the grace of God.. and I'm happy and at peace.

[SoutheastBeast1]

36 year old here and have $900k+

Can't imagine being a poorcel.

[TugOfPeace]

36 year old here and have $900k+

Can't imagine being a poorcel.

just curious is that liquid $900k or $900k including retirement accounts and home equity?

[Lefticle]

Give some to the government to make up for some of the cash your holy state siphons from American taxpayers.

I already do. I pay all my taxes. Which is ALOT each year.

[Muzzchpress]

I already do. I pay all my taxes. Which is ALOT each year.

shut the fuk up you jew

fuk israel

[bsrkoacar2]

I've lived that life. Thankful now I'm able to save more than that every week now.

[DustinTheHuss]

Most have credit card debt. I think the average American household has $8,000 in credit card debt.

I don't understand blowing through money at Starbucks.

I see these Zoomers not only get a latte, or something crazy, but then they spend another five bucks for some disgusting, breakfast sandwich, that's already pre-made and thrown in some heater for twenty seconds.

Then of course they have to go back in the middle of the day for anther lattee, or some other concoction loaded with almond milk, and flavored syrups, plus another crappy sandwich, or some kind of desert.

They also spend a LOT of money on DoorDash and UberEats--restaurant food delivered to their house. I would go pick up restaurant food but they never do that. Luckily now DoorDash won't deliver to a Zoomer I know, so she has to cook food herself.

Medicare. Very little support available, compared to their needs. She hired 24 hour care for him. He is a retired surgeon, and she was a physician who was chief of the neonatal unit in a hospital. They retired wealthy, paid a ton in taxes, and are now using everything they saved to care for him. Including selling their home.

I'm sorry to hear that. My Mom had a stroke and her nursing home is like $6,000 a month, so she has Medi-cal. Basically you burn through your savings until you have nothing left, and then the Govt. takes over and pays for the nursing home.

You never know what's going to happen when you're old. Like you said you could save a fortune but then you're better off broke as the government will step in faster.

[elterrible987]

Yeah one of the boomers at work was talking about how he sends his kid in college a few hundred a month and how he spent one of his checks on other stuff and then had to wait 3 more weeks to send his kid $500. Im sitting there thinking wtf are you talking about just send him the money from your checking. Then I realized he is saying he has no fuking money AT ALL.

bruh wtf he makes the same as me.

[theraskal]

wonder how many GunNUTS who fancy themselves "Conservatives" have an EXTENSIVE GUN$ collection to protect against BIG GOV, Ethnics, and Terrorist BoogeyMen have NO protection against an Economic Downturn, Aging Health Decline, and/or General Retirement?

[liftandsleep30]

Most people live pay check to pay check and aren't smart enough to overspend on their credit card

Rent/Mortgage
health insurance
Car payments
Grocery
Eating outside

[Fang2]

If they have a gambling addiction, it doesn't matter if they make 1 million dollars a year, they'll always be out of cash.

[GooBaaa]

wonder how many GunNUTS who fancy themselves "Conservatives" have an EXTENSIVE GUN$ collection to protect against BIG GOV, Ethnics, and Terrorist BoogeyMen have NO protection against an Economic Downturn, Aging Health Decline, and/or General Retirement?

I have tons of guns actually not only are they fun to shoot but they hold value somewhat