3 ms·
The 60 percentile income is < $46k. That people have little emergency funds on incomes less than this is largely explained away by necessary expenses. 20% have
by aschampion 9y ago
The 60 percentile income is < $46k. That people have little emergency funds on incomes less than this is largely explained away by necessary expenses. 20% have no savings -- the 20 percentile income is $17k. Show me a net savings budget on $17k.
- godelski 9y agoThe median income is $57k/yr [1]. Or we can go to the second chart and get the following: 11.2% make under $15k. 20.8% make under $25k. 30.2% < 35k, 43.1% under 50k, 60.1% under 75k. The point isn't that the lower can't save, it is that people above the median income still don't save. These people should be able to save, but don't. [1] https://www.census.gov/data/tables/2017/demo/income-poverty/p60-259.html https://www.census.gov/data/tables/2017/demo/income-poverty/...