Only something like what…33% of families have money in the stock market?
The bottom 60ish% have literally no savings whatsoever.
Edit: I was a little overzealous when I said “Literally no savings whatsoever”; it’s not literally no savings - but it’s something like people with less than $500 for emergencies and stuff.
62% of adults have a non zero amount
You linked me to a site that I have to have a subscription to see the data - so I can’t verify your claim.
This statement by pew research says:
Only 21% of American families own shares directly, according to the SCF. Even fewer own “pooled investment funds” – such as mutual funds and exchange-traded funds (ETFs) – or other investment vehicles that typically include stocks among their holdings.
Pensions, 401Ks, and other retirement accounts are ask in the market, and even when I worked retail my company had a retirement savings plan that they contributed a few bucks a month towards.
There’s actually a ton on phantom retirement investments out there people don’t even know they have.
Ya can’t fall far from the ground floor.
Had. My grandfather dug it himself. My dad and uncle sold the farm immediately after inheriting it and spent the money on a motorcycle and boat. Uncle wrecked the bike, nearly taking his life. The boat has never been in the water and is now home to a bee’s nest.
I’ll likely never own property of my own. Yeah, my family invests.
Genius: man has been losing weight due to not eating because food is expensive
It’s me. I’m man. lol
Probably stress, too, tbh
that was me during 2008-09, it was like it didn’t happen
It’s not much different wether one has investments or not. For most people their investment horizon is decades in the future. Market crash shouldn’t affect them in any way. You just hold and keep buying more like you have done up to this point.
The problems creep up when the market crash leads to businesses failing. Then you find yourself going from living paycheck to paycheck to not even having that lousy job.
There’s always room to fall. If there isn’t, someone will dig a hole for you to go into.
I’ve been lucky in my career, but I do worry about those who may not be as lucky.
I’ve always found it odd when my fellow peasants furiously lock away funds for retirement.
If you don’t get hit by a bus or get terminal cancer between here and there, the economy might not be there, the climate might not be survivable, on and on.
I don’t understand this fetish about profoundly sacrificing today to potentially live comfortably when your body has betrayed you, your very mind and self is betraying you, and the high point of your day is thinking about the past, again if you’re very lucky and get there to begin with.
As someone who set up medical equipment for the elderly for 10 years, I did not hear one single good review of allowing oneself to make it to old age. It’s like watching that raccoon in that gif getting upset when the cotton candy it found dissolves in the river and it’s frantically trying to pull it back out.
Your life is back that way gramps, your entire being is trying to call it, take the message. These aren’t your golden years, that was advertising bullshit, these are your shit and piss and dust years regardless of nestegg. You can try to wrap that shit in gold leaf, but you should have spent that money on cruises back when your senses and your failing cognition could take in and enjoy the full experience, not some shadow of it through your pseudo-corpse reliant on 12 kinds of daily pills to stave off nature taking its course.