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Another poster asked this, but does this mean this group has less than $1000 in liquid assets, or less than $1000 in a "savings account"? Also it would be help
by iambateman 10y ago
Another poster asked this, but does this mean this group has less than $1000 in liquid assets, or less than $1000 in a "savings account"?
Also it would be helpful to see how this has changed over time.
- rasz_pl 10y agoWhat assets? That Ram on the driveway loaded with a bike/jetski/boat on a trailer? 50' TV? iphones all around? its all on lease 40 days away from being repo'd.
- WalterSear 10y agoThis has totally never happened before. https://us-history-the-great-depression.wikispaces.com/Easy+Credit https://us-history-the-great-depression.wikispaces.com/Easy+...
- sosborn 10y agoMy house is an asset yet I owe quite a bit of money on it. Which way does it tilt the balance sheet for this survey?
- shorttime 10y agoWorth - mortgage principle = savings.
- cptn_brittish 10y agoSince it's talking about savings I would assume it means highly liquid assets I would assume a house wouldn't be liquid enough to use in the survey just stuff like how much money you have saved.
- knodi123 10y agoI've seen this study before from another source, and it seemed pretty clear the answer was "Savings Account", as opposed to checking account or investments. If that's the case here, then this is a beyond-vapid statistic. Savings accounts are worthless. $1000 in my savings account will, after ten years, earn me $5 in interest.