About 36% of U.S. adults say they have less than $1,000 in their savings accounts.
For analysis of the political views of that media: https://ground.news/article/over-half-of-americans-say-theyre-not-even-close-to-financial-freedom
Hmm that looks like a nice wallet. Wonder which one it is.
If the respondents are defining “financial freedom” of course they’re going to say they don’t have it.
I make a decent salary and I would still say I don’t have financial freedom.
A bunch of people say they do have it, though. A “decent salary” (also self-defined) doesn’t guarantee financial freedom because of things like debt, the astronomical cost of healthcare, and the fact that you’ll never be able to comfortably retire unless you’re a literal multimillionaire.
what is financial freedom? like, never having to worry about money?
because even billionaires aren’t financially free then.
Democracy is when everyone is desperately poor no matter how hard or smart they work.
Which is still better than having extremely poor and extremely wealthy people.
I should have clarified. In Amerikkka, there is a large number of extremely poor people (proletariat), a small number of people who are doing better and who therefore believe that capitalism is normal (labor aristocrats and petite bourgeoisie), and a tiny minority of haute bourgeoisie who control the country and think that it’s funny and strange that anyone supports them.
With the interest rates of savings accounts why bother. Just leave it in checking. Or cash.
Or are we trying to act surprised most people don’t have money?
