86% of Burgers have less than $10,000 in a savings account

statista.com/chart/20323/americans-lack-savings/

Just how fucked are burgers Zig Forums bros?

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saving money is a scam

Most of my money is in stocks and crypto. I have $7-8k in my checkings account, almost nothing in my savings.

Makes me feel better for being a poor fag

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Yeah, who the fuck leaves +$10k in a 0.0025% interest account. Let your money rot away...

I have $3k in the bank, $12k CC debt, and $230k crypto. kek

>yes Mr. Sheckleburg please hold all my money for me. Feel free to invest it and earn 15% returns if you want. Also, don't forget to print some more for those reparation payments and corporate bailouts so when I need to take it back it's worth half of when I put it in. Thank you Mr. Sheckleburg for protecting my money you're so kind

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what do i need money in a savings account for lol

i realize it explicitly states "savings account", but there is absolutely no way an average respondent takes that phrasing literally. there's no way someone thinks "well i have 500 in my savings and 30k in checking, so the answer to this question is 500".

you can reasonably interpret this as "86% of americans dont have 10k saved in any form"

Well the statisticians who conducted the survey are fucking retarded for not making that clear. I agree that makes more sense. My average normie friends who aren't Doctor/Lawyers are all paycheck to paycheck.

Dont forget:
>please let me pay you to hold it

Don't overthink it too much, it'd be retarded to assume "well, this report says people have absolutely no savings, which means everyone keeps their savings in other financial products, potentially including stock and securities, municipal bonds, annuities, real property, and peer-to-peer lending programs".

Tfw 20 with a 6k car loan, 2k credit card debt, and only $7,000 in investments or my checking account

Pay off CC debt, buy a Link suicide stack. Wait 10 years.

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Enter my dad. Nothing really saved.

Worked 20 years as a union carpenter, and then became union firefighter for 20 years retiriong at 60. High school education (C+ student at best) but hard working and fit his entire life.

He gets

> 100% healthcare / dentist costs covered until he dies (2 unions benefits + medicare)
> $65k Union Pension (Carpenter) + $85k Firefighter Pension + $24k Social Security ($174k per year until he dies (!) ) + 1-2&% cost of living increase per year adjustment
> 1-2% annuity bonus from carpenter union ($1k per month or so - its fucking weird how its calculated)
> Gets all kinds of free golf perks for being a firefighter for some fucking reason.

Buys a new truck every other year. Has house paid + swimming pool. Travels with my mom every other week. Eats out more than Anthony Bourdain.

Living on easy street. Why save anything? His pensions are guaranteed by the Illinois Tax Payers forever (suckers). He paid for my college and my house 20% disposit interest free.

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>complains about low interest rate in savings
>12k in debt at an interest rate over 15%
Oh and cash is king. You have a lot to learn still.

Who the fuck uses a savings account?
Most Americans have their wealth tied in real-estate, stocks, or crypto. Keep trying to be a demoralizing cunt, europoor.

I guess but vehicles are such a waste of money. Heed my advice and look into this biz, most people put themselves into financial ruin right when they start to make it by financing some retarded 40k vehicle. Depreciating asset bigly and just shit.

Nice user, Boomers had it made. Sounds like your dad was a hard worker. Those high paying union jobs are much more rare today. Most of the guys I know with union jobs are fat lazy pieces of shit because they are "protected".

I'll have to make it on my Link. No union job for me.

I've got a lot to learn? I could have sold some of my Link last year and paid it off, but thank God I decided not to. That 10k is now 40k. So I paid $1500 in interest for a 30k gain. I'm beating Shekelstein at their own game.

>cash is king

I've never heard a dumber Boomer quote.

The scarier part is that a smaller majority don't even have $2,000, and almost everyone's in debt.

If you have as little as $5,000 in cash or assets of any kind AND don't have any liabilities, this puts you ahead of the vast, vast majority of the population simply by not being a complete moron.

And still no gf

Top burger boomer. Lol at anybody paying taxes to sustain these people.

i think the standard stat for americans is about three-quarters of us don't have 1000 bucks saved

I’m not sure what to make of the savings data. How specifically are they defining savings accounts? Because I don’t even have one. But have checking, trading account, and real estate. These surveys are suspicious.

It's Chinese demoralizing propaganda.
Trying to make America look weak by saying everyone is poor when in reality we're the richest country in the world.

I have $60k in a checking account, $10k invested in stocks and $10k in crypto. I used to buy US treasuries with that $60k but FED ended yields on all bonds so now I have $60k that I don’t know what to do with.

I have 67k in crypto, 2 oz of gold, 510 oz of silver and 10k cash. Am i gonna somehow make it?

This. I will laugh my ass off when millenials just drop the fuck out instead of paying into pensions they will never benefit from. I quit working in 2018 and vowed to never pay taxes or work again.

In defence of the carpenter one, the companies pay overhead to the union throughout their life on top of their wages. This money is then (theoretically) reinvested into the union pension plans over their life to pay out these benefits when they retire.

So for instance, a union carpenter makes around 86k (without OT) per year here in Chicago BUT the company employing pays overall $106k per year carpenter to the union. That $20k is then used to fund their pensions.

Meme's crypto aside, I am sure if you had $20k per year to reinvest for LONG term growth over 25 years, your payouts would not be too dissimilar to what my dad gets paid.

Thats the theory. Yeah sure theres corruption, union crime bosses, etc. etc. But its not fucking out to lunch either.

Yeah I'm biased, but I love how most middle class / lower middle class Americans sneer at a union carpenter retiring after 25 years with comfortable pension as a leech but look up to the fucking wall street bankster scammery as noble and intrepid. $60k per year carpenter salaries are NOT the problem here desu. Read up on the Regan era savings and loan scam for counterpoint.