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It's unrealistic for people who have no money to invest. But the top 5% in the US make 300k+. If you can't save anything making 300k you have a spending proble
by JamesBarney 2y ago
It's unrealistic for people who have no money to invest.
But the top 5% in the US make 300k+. If you can't save anything making 300k you have a spending problem. Honestly I'd you're making 100k can can't save you have a spending problem.
- throwaway2037 2y agoIt is interesting that you cofounded two points from my point to assume that I meant the top 5% of earners in the US. No, I have see personal finance Q&A from all income levels where people have out of control spending. I think this is the norm in the US.
- _Tev 2y agoThe confounding is natural - If you even think about investing, then having a financial cushion is the best investment to de-risk your life. If you don't, you are screwed either way.