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> obviously false assertion Maybe you need to spend time outside of your gated community and get your data from multiple sources. The BLS numbers are not hande

> obviously false assertion Maybe you need to spend time outside of your gated community and get your data from multiple sources. The BLS numbers are not handed down from God and can be wrong. This survey below, for example, (which they do every year and remains consistent) shows that around 60% of Americans would not be able to pay an unexpected $1,000 expense: https://www.bankrate.com/banking/savings/financial-security-january-2019 https://www.bankrate.com/banking/savings/financial-security-...

jandrewrogers 6y ago
You decide to cite an advertisement for savings accounts that defines "savings" as having a savings account? Americans don't have savings accounts because they serve no purpose, it doesn't imply they can't pay an emergency expense. Furthermore, the survey asked how they would pay, not if they could pay. That's like saying most Americans don't have a means of transportation because you've defined "means of transportation" as "owns a horse". If you actually look at US Federal Reserve data, instead of advertisements, the percentage of Americans without the means to pay an unexpected expense is around 13%.
- deleted 6y ago
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- david927 6y ago
  It's not an advertisement and it's not about "savings account." It specifically uses wording to avoid that. CNN: Only 39% of Americans can afford a $1,000 emergency expense https://www.cnn.com/2021/01/11/success/1000-emergency-expense/index.html https://www.cnn.com/2021/01/11/success/1000-emergency-expens...
  - jandrewrogers 6y ago
    CNN is literally citing the previous content marketing piece you posted. Are all your citations circular, to the same article that is encouraging people to put their extra cash in useless savings accounts? The vast majority of Americans keep their extra cash in a checking account for convenience, and less commonly a money market account, all of which is explicitly excluded from "savings" in that article. Savings accounts only profit the banks, people don't have a use for one these days. Meanwhile, you ignore US Federal Reserve surveys, US BLS statistics, etc that are detailed, authoritative, and provide the basis for most economic modeling. Probably because they obviously and transparently contradict your assertion in considerable detail.
    - david927 6y ago
      > US Federal Reserve data ... around 13%. No, it's 37%. And they can't pay an unexpected expense of $400. They have no data on $1000. https://www.federalreserve.gov/publications/2020-economic-well-being-of-us-households-in-2019-dealing-with-unexpected-expenses.htm https://www.federalreserve.gov/publications/2020-economic-we... You continue to accuse me of not being objective when you are the one who refuses to go outside your door or look out your window. Poverty is endemic in America. Period.

jandrewrogers 6y ago

You decide to cite an advertisement for savings accounts that defines "savings" as having a savings account? Americans don't have savings accounts because they serve no purpose, it doesn't imply they can't pay an emergency expense. Furthermore, the survey asked how they would pay, not if they could pay. That's like saying most Americans don't have a means of transportation because you've defined "means of transportation" as "owns a horse". If you actually look at US Federal Reserve data, instead of advertisements, the percentage of Americans without the means to pay an unexpected expense is around 13%.

deleted 6y ago
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david927 6y ago
It's not an advertisement and it's not about "savings account." It specifically uses wording to avoid that. CNN: Only 39% of Americans can afford a $1,000 emergency expense https://www.cnn.com/2021/01/11/success/1000-emergency-expense/index.html https://www.cnn.com/2021/01/11/success/1000-emergency-expens...
- jandrewrogers 6y ago
  CNN is literally citing the previous content marketing piece you posted. Are all your citations circular, to the same article that is encouraging people to put their extra cash in useless savings accounts? The vast majority of Americans keep their extra cash in a checking account for convenience, and less commonly a money market account, all of which is explicitly excluded from "savings" in that article. Savings accounts only profit the banks, people don't have a use for one these days. Meanwhile, you ignore US Federal Reserve surveys, US BLS statistics, etc that are detailed, authoritative, and provide the basis for most economic modeling. Probably because they obviously and transparently contradict your assertion in considerable detail.
  - david927 6y ago
    > US Federal Reserve data ... around 13%. No, it's 37%. And they can't pay an unexpected expense of $400. They have no data on $1000. https://www.federalreserve.gov/publications/2020-economic-well-being-of-us-households-in-2019-dealing-with-unexpected-expenses.htm https://www.federalreserve.gov/publications/2020-economic-we... You continue to accuse me of not being objective when you are the one who refuses to go outside your door or look out your window. Poverty is endemic in America. Period.