I bet they have lot's of nice toys though.
Most of the people (where I know the situation) have more non-mortgage debt than savings. People tend to treat their debt like savings and savings like debt. In their world, Debt is for buying things and savings are for emergencies. It is supposed to be the other way around.
Neither of my siblings have a dime in savings. I saw the damage my parents caused by giving them money so that idea is right out.
“More than one-quarter of households earning $55,465-$90,000 annually have less than three months of savings.
I bet they have lot’s of nice toys though.”
We don’t, but the worthless parasites we feed in the nearby welfare reservation do.
I always liked this commercial:
I'm in debt up to my eyeballs...
You Tube Link