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As others are pointing out it is a totally meaningless survey. They asked, "How much money do you have saved in your savings account?". Many people will only k
by dlandis 11y ago
As others are pointing out it is a totally meaningless survey. They asked, "How much money do you have saved in your savings account?".
Many people will only keep a small emergency fund in cash plus some money in a checking account and have everything else invested. Do those investment accounts and retirement accounts qualify as "savings accounts"? Probably not if people are reading the question literally.
- cvburgess 11y agoThose accounts that you mention are not liquid - if something happens and you need money tomorrow yo don't have immediate access to those funds. Also, sot retirement accounts levy fees if you pull funds out before you are 60.