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completely false that 60-70% of americans live paycheck to paycheck. you cannot take self-reported survey data like that seriously, the median net worth in the
by whimsicalism 1y ago
completely false that 60-70% of americans live paycheck to paycheck. you cannot take self-reported survey data like that seriously, the median net worth in the US is something like $200k - there are plenty of people with hundreds of thousands of dollars in the bank claiming to live paycheck to paycheck here.
given that we are already seeing serious strain for some european pension systems, i don’t think this is a very strong comparison
- LunaSea 1y ago> the median net worth in the US is something like $200k Only because it takes into account 401Ks.
- piva00 1y agoAs the other comment mentioned, remove 401k from the equation and it's much more dire. I don't include my Swedish tjänstepension when calculating my net worth even though it's quite similar to a 401k.
- whimsicalism 1y agoIt's not really true though. Home equity is a different story though