Thebrownblob
Well-Known Member
This generation doesn’t know how to save.
How will “8.6%” inflation affect Brown?
Blame the parents
Up In Smoke
Well-Known Member
The percentage of adults investing is at a 13 year high and up 6% over the last 6 years. I'm fairly sure that's not grandma and grandpa entering the market. I help conduct investing seminars at our local senior center and most are 20 somethings.
Thebrownblob
Well-Known Member
Sorry I don’t know where you have your head in the clouds. Most people could not afford $1000 emergency.
56% of Americans can't cover a $1,000 emergency expense with savings
Most Americans are unable to cover an unexpected $1,000 bill with savings, according to a telephone survey conducted in early January by Bankrate.
And yes, we’ve heard your bloviating it’s obnoxious.
Treasurydirect.govSorry I don’t know where you have your head in the clouds. Most people could not afford $1000 emergency.
56% of Americans can't cover a $1,000 emergency expense with savings
Most Americans are unable to cover an unexpected $1,000 bill with savings, according to a telephone survey conducted in early January by Bankrate.www.cnbc.com
And yes, we’ve heard your bloviating it’s obnoxious.
Thebrownblob
Well-Known Member
Bought some more this week
The one year T bill is paying 5%
And if you look at the yield curve,.the market is predicting that inflation is going to be here for awhile
Thebrownblob
Well-Known Member
It’s a good, solid, safe investment I use it to offset my slightly riskier ones
The seven Year note is now paying 4%
So it has to tell you something
Up In Smoke
Well-Known Member
I'm sorry, but I don't take your opinions as fact. The younger generation is saving and investing. I don't doubt the fact that the majority of Americans can't absorb a 1k emergency because of savings and spending habits. Most 401k programs require 6-10% be invested by the employee to trigger the company match. With the average American saving 2-3% per year and adding 6% for retirement savings, the emergency fund can be severely fragile.Sorry I don’t know where you have your head in the clouds. Most people could not afford $1000 emergency.
56% of Americans can't cover a $1,000 emergency expense with savings
Most Americans are unable to cover an unexpected $1,000 bill with savings, according to a telephone survey conducted in early January by Bankrate.
And yes, we’ve heard your bloviating it’s obnoxious.
Thebrownblob
Well-Known Member
Well, that’s why I referenced the news article.
And investing is not the same as saving. I hope you’re telling these people they need to get their rainy day nest egg before they start going crazy with investing you need to be liquid enough to handle problems as they come..
Two or three less Starbucks coffees a week for make a nice emergency fund
Thebrownblob
Well-Known Member
We went to Starbucks the other day because we had gift cards from Christmas. I haven’t been there in probably five years. I was completely shocked at prices who the hell buys this stuff?
Lots of people...
Thebrownblob
Well-Known Member
And we wonder why no one has any money in savings? I probably spend $.30 a day on coffee.
Up In Smoke
Well-Known Member
Yes, we encourage a 3 months worth of wages in liquid savings prior to any large purchase or retirement deduction. Unfortunately, almost no one secures this before moving to step two. The wants outweigh the needs. I've gotten the message through to my children and they are well on their way, but other people's children are harder to guide.
Thebrownblob
Well-Known Member
I’ve gotten through to two out of three of my kids LOL
Thebrownblob
Well-Known Member
This averages and medians are shockingly low. People are not saving enough or investing enough end of story.
The average 401(k) balance by age
What is the average 401(k) balance by age, and how do you stack up? Learn how much you can save if you max out your 401(k) every year.
I always worry I did not save enough but when I look at those I feel pretty good about myselfView attachment 418371
This averages and medians are shockingly low. People are not saving enough or investing enough end of story.
The average 401(k) balance by age
What is the average 401(k) balance by age, and how do you stack up? Learn how much you can save if you max out your 401(k) every year.www.empower.com
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