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Good! Savings account is the worst place to keep money. Mine are in my 401k, investments, tied up in my home, or just sitting in checking ready to be used. I r
by drzaiusapelord 11y ago
Good! Savings account is the worst place to keep money. Mine are in my 401k, investments, tied up in my home, or just sitting in checking ready to be used.
I really hate these "OMG USA IS THE WORST" articles. How we handle money in the US is different than some countries. American cash is often invested and/or invested in their retirement via the 401k system, as opposed to the pension system controlled by the government or a union.
There's probably a good discussion to have about spending, how poor young people are, college tuition, and retirement savings and such, but not with this data. Net worth is probably what people are looking for when having these kinds of conversations.
http://www.fool.com/investing/general/2015/01/26/the-average-americans-net-worth-by-age-heres-where.aspx http://www.fool.com/investing/general/2015/01/26/the-average...