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This after a study reveals more than half of Americans have less than $1k in savings. I'm not saying you're wrong, I'm saying that in extreme cases, most peopl

This after a study reveals more than half of Americans have less than $1k in savings. I'm not saying you're wrong, I'm saying that in extreme cases, most people would simply go bankrupt or starve. Something to think about when you root for certain laws and politicians..

kornish 11y ago
Just to play devils' advocate, that's less than $1k _in a savings account_. Many people store cash straight in their checking accounts or have much more than $1k in stocks and bonds which aren't too hard at all to liquidate, and the figure you're quoting didn't account for that.
- nemo44x 11y ago
  You're parsing wrong here. It means people don't have that much liquid. As in saved.
  - kornish 11y ago
    Sure, that's what I said. :)
esaym 11y ago
How is that correct? Almost 70% of americans own their own house. Are you telling me that one can get a mortgage and make a down payment for a new house with only $1k in savings?