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You may be slightly out of touch if you think saving $700 a month is poor. Huge portions of America have no savings and live paycheck to paycheck. Many more h
by mynewwork 13y ago
You may be slightly out of touch if you think saving $700 a month is poor. Huge portions of America have no savings and live paycheck to paycheck. Many more have only a few hundred in savings total.
50% of Americans couldn't come up with $2,000 in an emergency (citation: http://money.cnn.com/2011/05/24/news/economy/americans_lack_emergency_funds/index.htm http://money.cnn.com/2011/05/24/news/economy/americans_lack_...). Only 25% were "certain" they could come up with the funds.
- rdouble 13y agoPerhaps it's not "poor" but I was questioning whether it is really considered "solidly middle class." If it is, I guess I am out of touch.
- randomdata 13y agoWhere would you place the middle class? While it might not seem abnormal around here, a $100K income puts you in the top 3-5% of earners.
- reeses 13y agoNot being able to save $700/month or to come up with $2,000 in an emergency situation in the USA is poor, no matter how much useless crap you bought with the rest of your money.