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50% of Americans Say Their Savings Will Run Out This Month
The Motley Fool ^ | 04/10/20 | Maurie Backman

Posted on 04/23/2020 4:24:55 PM PDT by Enlightened1

click here to read article


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To: proxy_user

My heart breaks for the food servers out there that depend on tips. They become broke 5 weeks ago. I bet nearly every one of them.


41 posted on 04/23/2020 5:14:33 PM PDT by cornfedcowboy
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To: Osage Orange
“And here...I thought the Corona caused this situation...”

It did, 100%.

But it didn't create the lack of financial resiliency, that was caused by the 3 factors I mentioned.

42 posted on 04/23/2020 5:16:21 PM PDT by desertfreedom765
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To: Enlightened1

I am worried for the upcoming election. Hopefully the message that free markets can get us out of this mess, not government.


43 posted on 04/23/2020 5:16:26 PM PDT by cornfedcowboy
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To: Enlightened1

I bet they all have new cars, big TVs, and a new iPhone.

Pay yourself first.


44 posted on 04/23/2020 5:19:21 PM PDT by Vermont Lt
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To: Kenny Bania

The key right now is to minimize the burn rate.


45 posted on 04/23/2020 5:20:25 PM PDT by cornfedcowboy
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To: proxy_user

We’re managing.

Financial advisors recommend having 6 months worth of savings to live off of in the event of a job loss or some such thing.

My sister was commenting about how many people she knows who are complaining about being out of money and not being able to pay their bills.

Too many people have normalacy bias and live hand to mouth, expecting everything to keep going the way it has been.


46 posted on 04/23/2020 5:21:13 PM PDT by metmom (...fixing our eyes on Jesus, the Author and Perfecter of our faith..)
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To: DoodleDawg

Ditto.


47 posted on 04/23/2020 5:23:07 PM PDT by CapnJack
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To: cherry

You’re projecting your fear of financial loss onto others.

You are obviously terrified of that.


48 posted on 04/23/2020 5:28:30 PM PDT by metmom (...fixing our eyes on Jesus, the Author and Perfecter of our faith..)
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To: Enlightened1
Democrats elated.


49 posted on 04/23/2020 5:30:22 PM PDT by MuttTheHoople
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To: Psalm 73

The keeping out of debt is the bigger.

Too many people owe way too much money because of living beyond their means.


50 posted on 04/23/2020 5:30:40 PM PDT by metmom (...fixing our eyes on Jesus, the Author and Perfecter of our faith..)
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To: Enlightened1

I have three part time jobs. One always works from home. Another is essential and doing well. The third totally dried up.
No savings but no debt. Doing well.


51 posted on 04/23/2020 5:31:11 PM PDT by SisterK (its a spiritual war)
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To: proxy_user

Retired. Get the old social security check and retired check. As long as the government does not file for bankruptcy, I figure I will still get paid.


52 posted on 04/23/2020 5:31:42 PM PDT by RetiredArmy (The Bible predicted these type of days. Pray to the LORD GOD for mercy on this Republic.)
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To: MuttTheHoople

You could park Shoe-mer’s big @$$ in Pee-lousy’s mouth!!!


53 posted on 04/23/2020 5:32:55 PM PDT by RetiredArmy (The Bible predicted these type of days. Pray to the LORD GOD for mercy on this Republic.)
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To: Enlightened1

“If grocery stores start getting raided, then there will be a food shortage.”

I am talking about people who are broke and cannot go to the grocery store to buy food. The last time I checked grocery stores are not in the business of having their food out for free unless thugs are doing a smash and grab.


54 posted on 04/23/2020 5:35:33 PM PDT by wmarshalllives3 (Free people always face censorship)
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To: Enlightened1
Democrats:

Let them eat ice cream 🍧

55 posted on 04/23/2020 5:37:21 PM PDT by Pajamajan ( Pray for our nation. Thank the Lord fr everything y have. Don't ? wait do it today.)
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To: metmom

Since I got out of college, I’ve always had 6 months of savings or more. Even when I was in grade school, I saved my money.

I’ve got two packed freezers full of food but my job opportunities aren’t coming back for a long, long time.

I’ll eat until I can’t afford electricity.


56 posted on 04/23/2020 5:40:03 PM PDT by lizma2
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To: Enlightened1
50% of Americans Say Their Savings Will Run Out This Month

My theme for the rest of my life, however long that will be, is...you can't save a nation by killing it.

57 posted on 04/23/2020 5:46:33 PM PDT by stevem
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To: clintonh8r

The ones who live under the thumb of a Democrat governor are going to be screwed.”

Yep one by one the rat Governors are all the doing the “just another two weeks and we’ll see” BS or just going to the end of May outright. Not one is going to phase 1. Not one. The DNC has sent out the orders.


58 posted on 04/23/2020 5:49:22 PM PDT by gibsonguy
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To: lizma2

Pressure canning works well.

I realize there’s an expense to it, buying the canner and jars, but meat keeps for years pressure canned and you never have to worry about the power going out.


59 posted on 04/23/2020 6:28:40 PM PDT by metmom (...fixing our eyes on Jesus, the Author and Perfecter of our faith..)
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To: lizma2

I’m sorry to hear you are in that situation.


60 posted on 04/23/2020 6:29:08 PM PDT by metmom (...fixing our eyes on Jesus, the Author and Perfecter of our faith..)
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