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Right. If you look at the distribution of savings [0] you realize very few people are in a strong finical position. [0 https://www.fool.com/the-ascent/researc
by Nbox9 6y ago
Right. If you look at the distribution of savings [0] you realize very few people are in a strong finical position.
[0 https://www.fool.com/the-ascent/research/average-savings-account-balance/ https://www.fool.com/the-ascent/research/average-savings-acc...
- rhino369 6y agoSavings account (which is measured in that link) is different than savings. It wouldn't account for money in a checking account or other investments. Holding sbustnaitail money in a savings account is pretty dumb with interest rates being so low for at least the last entire generation. Though I suspect net worth and retirement savings are still pretty low.