Don't be a tax paying Slave.
Uh, I’m pretty sure that half the U.S. is living on our savings.
Wages have been stagnate for about 15 years now...Millions lost jobs, cut back, hours reduced, etc....All while most things have double or nearly doubled in price, including fuel, food, taxes, etc., etc...
How were people supposed to save in this economic meat grinder?
Yea. What’s the point?
And they voted for 0bama. Are you surprised?
Bammy’s Fault.
Ping.
What savings?
How long can you live without access to your savings?
Certainly in some US climates, a >12 mo. reserve is indicated.
The Key here is “Electronic Savings”, how many have Cash/Gold/Silver/Food Supplies/Potable Water/Fuels and last but not least lead and the means & guts to use it if needed?
I am tired of all this gloom-and-doom stuff.
We need to crush our enemies.
Fools.
I lost my job about two years ago. I am not on unemployment, as I am not really looking for another job. At my present burn rate I can last about thirty years on my savings.
‘Savings’ ?
All current expenses about 8 months before going to the 401k’s.
Cutting expenses would push that out to around 12 months, changing our insurances would give us a little more time, as well. I’ve always been paranoid about debt, so that would be the first thing paid off if things got real tough.
Then selling the bird would buy us another 4-6 months. Yeah, we’ve actually thought this out, now that we’re 50. Our health could change in an instant, like it has with some of our friends.
We had planned on being out at 52, with the daughter’s college paid for, but the current Democrat-induced economic conditions have pushed that back to about 55.
As it turns out, Americans are savers: A whopping 80% have money set aside, and on average, the savings would last over eight months with no other income.Pretty impressive! But our survey did reveal a few areas of concern:
While a vast majority of consumers we polled have a financial safely net, nearly half don’t have enough money saved to live on for more than a month without an ongoing source of income.
Huh? Which is it? The vast majority or the almost majority?
You are better off to buy junk silver and invest in canned goods and other basic necessity items right now AND if you have any debt at all pay it off as fast as you can rather than let your money fritter away at the bank.
Unfortunately, the average working American now has over 50% of their income seized by the government for taxes. In large part, this tax money is used to provide freebies for tens of millions of illegal immigrants and also tens of millions of citizens who have become dependent upon government assistance of one form or another.
Entire generations of families have been raised on welfare along with the resultant fatherless families and illegitimate children that only beget more welfare payouts.
Picture this, it is not only socially acceptable but now expected that girls raised on welfare will drop out of school and have illegitimate children of their own - and enjoy a lifetime of subsidized housing, food stamps and an idle life courtesy of the declining base of U.S. taxpayers. Meanwhile, the boys will grow up to be "gang-bangers" and they will be in and out of jails their entire adult lives.
Now it's not a life of luxury to be sure but you can learn to adapt to it just fine. Whether you sit in a jail or in subsidized government housing, your basic needs are taken care of the government (taxpayers) and you do not have to worry about ever getting a job. You can just relax and watch television all day long with ZERO pressure to get off the couch and make something of your life.
All of this is supported by working people who now have 50% of their wages confiscated in one way or another to pay for it all. And on top of that, they are criticized for not having the extra money to put aside for their own retirement. Sadly, for most working people, the welfare bums will enjoy a better "retirement" than they will.
If you had been saving lead you can pretty well take what you want when you need it!