Survey: 40 Percent Of Americans Have $500 Or Less In Savings

October 20th, 2012

Via: CBS:

A survey of about 1,100 Americans finds that more than 4-in-10 respondents admit they don’t have more than $500 in readily accessible savings.

Posted in Collapse, Economy | Top Of Page

3 Responses to “Survey: 40 Percent Of Americans Have $500 Or Less In Savings”

  1. mangrove says:
    October 20, 2012 at 7:13 pm

    Look on the bright side — they won’t have to worry about Iran stealing their money.

    Not The Onion:

    Iran Attacks US Banks: Is Your Money Safe?

  2. quintanus says:
    October 21, 2012 at 5:26 am

    48% of California students are eligible for free school lunch (family at 130% of poverty) and another 8% eligible for reduced price meals ($40k for 4 person family). http://www.kidsdata.org/data/topic/dashboard.aspx?cat=39 I looked this up to make a point – many animal shelters are charging $300+ to adopt a dog or cat. The argument is that they have vet costs, and they first don’t want to give them out free when a bad person could take them for target practice, but they also want to filter out people who couldn’t afford to feed the dog and pay for vet bills. I wonder how much it should cost to feed your children for one day?

  3. Eileen says:
    October 22, 2012 at 2:21 am

    Im not that low yet, but I looked at an add today re selling metals, which I think right now would be a really dumb thing. But I thought about it. I thought what good would it be for me to have a healthy balance in my bank accounts when there is no interest being paid on those funds? Is this just a US phenomenon re no interest?
    Used to be I could pay my Mom’s bills off of the interest on her principal. Now I can’t even imagine how retirees are not drawing down on their principal.
    Thanks BEN. YOU SUCK and SO DO YOUR POLICIES.

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