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I think savings rate is much better suited as a primary percentage-based metric to track on to see how people are doing. For those who have low to 0 savings rat
by goodoldboys 9y ago
I think savings rate is much better suited as a primary percentage-based metric to track on to see how people are doing. For those who have low to 0 savings rates, we can then look at why that is - and most the most likely case would be high housing costs.
_Those_ people are burdened, whereas you are not (I'm assuming you are able to save).
- closeparen 9y agoI think that depends on the goal you’re saving towards. Mortgage down payments, college tuition, etc. aren’t that dependent on your income - saving 80% of a low income is likely worse than saving 10% of a high income.