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(MSN)   The average American now has $9,000 less in personal savings than they did last year, down to a shockingly low $62,086. Still, you should splurge every once in a while and treat yourself to a can of wet cat food. What could it cost, ten dollars?   (msn.com) divider line
    More: Murica, Investment, Saving, average amount of personal savings, Americans' savings, Harris Interactive, ongoing economic effects of the Covid-19, Economics, financial plans  
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3208 clicks; posted to Main » and Politics » on 22 May 2022 at 11:17 PM (11 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



236 Comments     (+0 »)
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2022-05-22 7:47:50 PM  
Lies, damn lies, and statistics. The average working person has 15 cents in their savings account.
 
2022-05-22 8:07:10 PM  
Fark user imageView Full Size
 
FNG [TotalFark]
2022-05-22 8:10:26 PM  
down to a shockingly low $62,086

surejan.gif

/opens noodle packet
 
2022-05-22 8:14:20 PM  
Why bother saving when you're getting 0.10% interest?
 
2022-05-22 8:21:01 PM  
More like 62.08
 
2022-05-22 8:31:31 PM  
Bullshiat. The average American can't afford an emergency $400 bill.
 
2022-05-22 9:00:46 PM  
Forget the average, what's the median?
 
2022-05-22 9:10:17 PM  

make me some tea: Forget the average, what's the median?


Let's not even get that complicated. Lets just exclude the top 2%
 
2022-05-22 9:22:28 PM  
Actually a can of wet cat food is like $2 now.
 
2022-05-22 9:31:06 PM  

Bith Set Me Up: [Fark user image 599x697]


Clearly I am in the wrong business.
 
2022-05-22 9:56:40 PM  
Fark user imageView Full Size
 
2022-05-22 9:58:51 PM  
Is there a PowerMegaBall tonight?
 
2022-05-22 10:34:36 PM  
Some inspirational thoughts

Fark user imageView Full Size
 
2022-05-22 11:19:25 PM  
What sort of out-of-touch person came up with that?  My personal savings are nowhere near five digits.

Although if I didn't have to pay into a pension each paycheck, it might be higher.
 
2022-05-22 11:19:29 PM  

kabloink: Some inspirational thoughts

[Fark user image 350x312]


Whatever Ben Garrison is, you're basically the opposite of it.
 
2022-05-22 11:19:42 PM  

make me some tea: Forget the average, what's the median?


Or the mode
 
2022-05-22 11:20:46 PM  
media.tenor.comView Full Size
 
2022-05-22 11:20:52 PM  
This explains why I'm 105% over my credit limit.
 
2022-05-22 11:21:55 PM  
I wanna know what they count.

401k?
Actually cash on hand?
Positive value in home?


The fun thing about averages is 1 person can fark up 100 others.

62k bullshiat.
 
2022-05-22 11:22:56 PM  

Bith Set Me Up: [Fark user image image 599x697]


All people who started successful companies compared to starter jobs.  Your point I'm assuming is start a company and work hard at it.
I just finished reading an article that said there was a new billionaire every day last year.  When opportunity knocks don't ask if it wants fries with that.
 
2022-05-22 11:23:04 PM  
Averages are meaningless. Median is better. Quartiles are what we need for something like this.

Nevermind that people responding to surveys about financial stuff are already going to be skewed.
 
2022-05-22 11:23:39 PM  
Fark user imageView Full Size
 
2022-05-22 11:24:35 PM  
Wait is this entirely on the weight of the Tesla drop?
 
2022-05-22 11:24:51 PM  
My savings are actually up by a shockingly large amount compared to last year. All it took was my father dying of cancer while I held his hand. Can I give the money back now please?
 
2022-05-22 11:24:55 PM  
The vaunted tax bill hit Republicans ranked through in the dead of night under Trump shifted the tax burden even more from the extraordinarily wealthy onto regular people.
 
2022-05-22 11:24:56 PM  

Bith Set Me Up: [Fark user image image 599x697]


Mitch McConnell 2012: $22.8 million
Mitch McConnell 2022: : $150 million

I'd research trump, but that's so full of lies, no one really knows
 
2022-05-22 11:25:37 PM  
Thanks democrats.

Fark user imageView Full Size
 
2022-05-22 11:25:47 PM  

Bith Set Me Up: [Fark user image 599x697]


The only people worse than the twats that post stupid shiat like this are morans who post it to other threads and think they made a point.  Take a job and still make minimum wage 10 years later?  You made some poor choices.  Most people make considerably more money and have more money than they did years ago working their minimum wage job.  That's how things work.
 
2022-05-22 11:26:03 PM  

nytmare: [Fark user image image 386x500]


Fark user imageView Full Size
 
2022-05-22 11:27:06 PM  

The_Sponge: nytmare: [Fark user image image 386x500]

[Fark user image image 425x642]


preview.redd.itView Full Size
 
2022-05-22 11:27:07 PM  

Fark_Guy_Rob: Averages are meaningless. Median is better. Quartiles are what we need for something like this.

Nevermind that people responding to surveys about financial stuff are already going to be skewed.


With no idea what they are considering savings it could include retirement savings.  Also no age group mentioned for either study so if this study had younger people the numbers will obviously be less.

Basically it's an article about nothing.
 
2022-05-22 11:27:53 PM  

Obscene_CNN: Thanks democrats.

[Fark user image image 498x457]


The Democrats didn't invent COVID dumbass.
 
2022-05-22 11:28:35 PM  

Jeebus Saves: Bith Set Me Up: [Fark user image 599x697]

The only people worse than the twats that post stupid shiat like this are morans who post it to other threads and think they made a point.  Take a job and still make minimum wage 10 years later?  You made some poor choices.  Most people make considerably more money and have more money than they did years ago working their minimum wage job.  That's how things work.


OK, temporarily-embarrassed plutocrat.

"In my Inaugural I laid down the simple proposition that nobody is going to starve in this country. It seems to me to be equally plain that no business which depends for existence on paying less than living wages to its workers has any right to continue in this country. By 'business' I mean the whole of commerce as well as the whole of industry; by workers I mean all workers, the white collar class as well as the men in overalls; and by living wages I mean more than a bare subsistence level -- I mean the wages of decent living." -- Franklin D. Roosevelt (1933)
 
2022-05-22 11:28:55 PM  
oooOOOooohhhh! Wet cat food?
Fark user imageView Full Size
 
2022-05-22 11:29:14 PM  
Seems like a good place for this.

Fark user imageView Full Size
 
2022-05-22 11:31:52 PM  

The Irresponsible Captain: The_Sponge: nytmare: [Fark user image image 386x500]

[Fark user image image 425x642]

[preview.redd.it image 640x800]


Yes!  Always a classic.👍👍
 
2022-05-22 11:32:12 PM  

CivilizedTiger: make me some tea: Forget the average, what's the median?

Or the mode


Mode is $0.
 
2022-05-22 11:32:20 PM  
*Fewer.

/pet peeve
 
2022-05-22 11:32:52 PM  

The Irresponsible Captain: Seems like a good place for this.

[Fark user image image 425x355]


🥳
 
2022-05-22 11:32:53 PM  
Give it back right the fark now, subby.
 
2022-05-22 11:33:05 PM  

Mrtraveler01: Obscene_CNN: Thanks democrats.

[Fark user image image 498x457]

The Democrats didn't invent COVID dumbass.


But they sure farked up the recovery.
 
2022-05-22 11:33:37 PM  

ctighe2353: I just finished reading an article that said there was a new billionaire every day last year.


Must be an old article.

Forbes magazine wrote several months ago that a new billionaire was created every 17-18 hours, with the majority appearing in Asia.

It's unsustainable growth. Something is going to fail, that will cause a cascade failure, and it will make 1929 look like a good year.
 
2022-05-22 11:33:43 PM  
$62k may not sound like much, but that's a lot of ramen noodles.
 
2022-05-22 11:36:21 PM  

Jeebus Saves: Bith Set Me Up: [Fark user image 599x697]

The only people worse than the twats that post stupid shiat like this are morans who post it to other threads and think they made a point.  Take a job and still make minimum wage 10 years later?  You made some poor choices.  Most people make considerably more money and have more money than they did years ago working their minimum wage job.  That's how things work.


Does knowing how little the people whose water you carry care about you, and that they will never do anything for you, piss you off?
Maybe you should start rooting for different people.
Cursing the messenger never helps.
 
2022-05-22 11:36:24 PM  

Hey Nurse!: Bith Set Me Up: [Fark user image image 599x697]

Mitch McConnell 2012: $22.8 million
Mitch McConnell 2022: : $150 million

I'd research trump, but that's so full of lies, no one really knows


TFG 2012: tree fiddy
TFG 2022: too fiddy

/Dat ho Melanoma took almost a third of his stuff!!!
 
2022-05-22 11:37:39 PM  

Mrtraveler01: Obscene_CNN: Thanks democrats.

[Fark user image image 498x457]

The Democrats didn't invent COVID dumbass.


Low unemployment and so many jobs employers can't find workers is the sign of a very much alive, healthy economy. As is inflation.

Anybody telling you the economy is bad is full of it.
 
2022-05-22 11:38:18 PM  

FNG: down to a shockingly low $62,086

surejan.gif

/opens noodle packet


You'd be surprised at what you're  worth dead, and ground up finely.
 
2022-05-22 11:39:39 PM  
ctighe2353:

Hey, I think we found the author of the farticle
 
2022-05-22 11:40:06 PM  

mariner314: I wanna know what they count.

401k?
Actually cash on hand?
Positive value in home?


The fun thing about averages is 1 person can fark up 100 others.

62k bullshiat.


Ell Oh Ell. The source:

https://news.northwesternmutual.com/2021-05-26-One-Third-of-Americans-Say-Their-Financial-Discipline-Has-Improved-During-the-Pandemic,-and-95-Expect-That-to-Stick

The 2021 Planning & Progress Study was conducted by The Harris Poll on behalf of Northwestern Mutual and included 2,320 American adults aged 18 or older who participated in an online survey between March 16 - 26, 2021.  Results were weighted to Census targets for education, age/gender, race/ethnicity, region and household income. Propensity score weighting was also used to adjust for respondents' propensity to be onlineNo estimates of theoretical sampling error can be calculated; a full methodology is available.
 
2022-05-22 11:40:27 PM  

Obscene_CNN: Mrtraveler01: Obscene_CNN: Thanks democrats.

[Fark user image image 498x457]

The Democrats didn't invent COVID dumbass.

But they sure farked up the recovery.


What "recovery"?
Everyone but the wealthiest three percent have been getting poorer at an accelerating rate for the last decade, and the wealth gap continues to grow.
There is no "recovery".
 
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