What ‘wealth’ is this author referring to exactly? Cause given the recent articles over the last few years or so, 20-23% of Americans have no retirement savings account, nearly upwards of half of Americans don’t have 1-5K in savings and roughly 5-10% of Americans have 10+K or more in savings. And this is not even factoring in what financial damage COVID lockdowns have had over the year.
https://fortunly.com/statistics/american-savings-statistics/#gref
“What ‘wealth’ is this author referring to exactly? Cause given the recent articles over the last few years or so, 20-23% of Americans have no retirement savings account, nearly upwards of half of Americans don’t have 1-5K in savings and roughly 5-10% of Americans have 10+K or more in savings. And this is not even factoring in what financial damage COVID lockdowns have had over the year.”
Wow that is an eye opener. I did not realized financial education is that bad in the USA.