3 ms·
I'm not clear on how you're linking the stats (which are, BTW, off by about 20%) you just posted to the state of the economy. Can you clarify? 40% of people no
by IAmGraydon 3y ago
I'm not clear on how you're linking the stats (which are, BTW, off by about 20%) you just posted to the state of the economy. Can you clarify?
40% of people not saving $400 doesn't mean the economy is bad. It could mean they don't know how to save the money they're earning. Perhaps something else is wrong.
- davisr 3y ago> One-in-three U.S. adults ages 18 to 34 live in their parents’ home, according to U.S. Census Bureau data from 2021. https://www.pewresearch.org/short-reads/2023/05/03/in-the-u-s-and-abroad-more-young-adults-are-living-with-their-parents/ https://www.pewresearch.org/short-reads/2023/05/03/in-the-u-... > Nearly 4 in 10 Americans lack enough money to cover a $400 emergency expense https://fortune.com/2023/05/23/inflation-economy-consumer-finances-americans-cant-cover-emergency-expense-federal-reserve/ https://fortune.com/2023/05/23/inflation-economy-consumer-fi... > What a $400 emergency expense tells us about the economy https://www.minneapolisfed.org/article/2021/what-a-400-dollar-emergency-expense-tells-us-about-the-economy https://www.minneapolisfed.org/article/2021/what-a-400-dolla... And the master of them all: https://wtfhappenedin1971.com/ https://wtfhappenedin1971.com/