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Seeing as 40% of Americans can't cover a $400 emergency, I highly doubt the average American family has a surplus $185 each month just sitting around.
by _bxg1 7y ago
Seeing as 40% of Americans can't cover a $400 emergency, I highly doubt the average American family has a surplus $185 each month just sitting around.
- Aeolun 7y agoPlus, what do you do if you have 4 kids? $200ish might be ok, but you don’t want to give only your eldest a university degree. The $76k figure is median across all US households, I’d be more interested in the median amongst those aged 25-45, which is basically the ages you’d be saving for university (and even then you have to take into account that your income at the start of that range is not going to be what it is at the end).
- mytailorisrich 7y agoThe majority of those people don't have that money because of their spending habits, not because they cannot afford it.