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maybe if by "we" you just mean "commenters of HN". 45% of Americans[1] and over 1/3 of Canadians [2] have no savings. 1. https://www.statista.com/chart/20323/a
by shlant 5y ago
maybe if by "we" you just mean "commenters of HN". 45% of Americans[1] and over 1/3 of Canadians [2] have no savings.
1. https://www.statista.com/chart/20323/americans-lack-savings/#:~:text=Dec%2018%2C%202019-,Personal%20savings%20in%20the%20U.S.,45%20percent%20have%20nothing%20saved https://www.statista.com/chart/20323/americans-lack-savings/....
2. https://financialpost.com/personal-finance/more-than-a-third-of-canadians-have-no-retirement-savings-half-live-paycheque-to-paycheque-poll-finds https://financialpost.com/personal-finance/more-than-a-third...
- ac29 5y agoArticle 1 is misleading at best. I have less than $1000 in my savings account, but only because the interest rate is terrible. It doesnt mean I have less than $1000 saved. The article's conclusions conflate the two things.
- shlant 5y agoIt's not "misleading", it's just one way of measuring it. Feel free to take a look at these metrics if that specific one is unsatisfactory: 1. https://www.cnbc.com/2019/03/14/heres-how-many-americans-are-not-saving-any-money-for-emergencies-or-retirement-at-all.html https://www.cnbc.com/2019/03/14/heres-how-many-americans-are... 2. https://www.forbes.com/sites/niallmccarthy/2019/06/03/report-a-quarter-of-americans-have-no-retirement-savings-infographic/?sh=21c18dca3ebf https://www.forbes.com/sites/niallmccarthy/2019/06/03/report... I just don't see how someone could possibly make the argument that everyone has the means to stop working and pursue something else. It points to being out of touch with the reality of not only Americans and Canadians but globally.