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1 posted on 10/19/2012 12:31:46 PM PDT by rightwingintelligentsia
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To: rightwingintelligentsia

During the next Obama term, those with $500 in savings will be the “new rich.”


2 posted on 10/19/2012 12:35:20 PM PDT by Huskrrrr
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To: rightwingintelligentsia

40% have less than $500 in savings? I find that very hard to believe, just like the 1 in 5 people going hungry statistic.


3 posted on 10/19/2012 12:38:27 PM PDT by Brooklyn Attitude (We won't stand for biased umps fixing a ball game but we allow a biased media to fix elections.)
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To: rightwingintelligentsia

Idiots.


4 posted on 10/19/2012 12:39:11 PM PDT by Uncle Slayton
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To: rightwingintelligentsia
Wow.

My checking account alone has a $1,000 buffer in it. I have another $10,000 in a savings account for emergencies, like failing appliances.

It wasn't hard to build up that kind of cushion. I just spent less than I took home in my paycheck, for my entire working career.

5 posted on 10/19/2012 12:39:43 PM PDT by justlurking (The only remedy for a bad guy with a gun is a good WOMAN (Sgt. Kimberly Munley) with a gun)
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To: rightwingintelligentsia; Huskrrrr; Brooklyn Attitude; Uncle Slayton

This poll is non-cents.


7 posted on 10/19/2012 12:40:53 PM PDT by sam_paine (X .................................)
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To: rightwingintelligentsia

But they have at least that much in “balance available” on their credit cards. Isn’t that the same thing?


10 posted on 10/19/2012 12:44:08 PM PDT by sphinx
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To: rightwingintelligentsia

Next question should be...how many Mocha Grande Frappichinos did they buy last year?


11 posted on 10/19/2012 12:45:00 PM PDT by riri (Plannedopolis-look it up. It's how the elites plan for US to live.)
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To: rightwingintelligentsia

This is a number that I actually can believe. While many people truly do live paycheck to paycheck, the freeloader segment is so permanently irresponsible, that if they found $500 on their doorstep, it would never occur to them to set it aside for a rainy day. Their perception is that they “need” and “deserve” to have the latest cell phone, a bigger flat screen television, new rims for the about to be reposessed car in their driveway, or just a damn good partying night out since waiting on the next handout is damn stressful!


13 posted on 10/19/2012 12:48:01 PM PDT by festusbanjo (Romney has run a business, a state, and an Olympics. Obama has never run anything but his mouth.)
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To: rightwingintelligentsia

Why worry about savings?

SNAP, Welfare, Medicaid, Cell Phones all keep coming. And Ben Bernanke keeps printing the money for that. No worries!


18 posted on 10/19/2012 12:53:48 PM PDT by PGR88
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To: rightwingintelligentsia
Not respondents all were poor. Some had big houses, big mortgages or 401(k)s, but still no more than five Benjamins to rub together right now.


It is not how much money you make that is important, it is how much you spend. It is always a good idea to spend less then you bring home.

This is why some lottery winners, as well as major sports stars allow millions to slip through their fingers ending up broke.

19 posted on 10/19/2012 12:53:57 PM PDT by CIB-173RDABN (California does not have a money problem, it has a spending problem.)
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To: rightwingintelligentsia
Not that broke, but very close.

A series of devastating medical bills for my daughter's premature birth wiped out our savings years ago and left us with a mountain of debt.

Toss in another miscarriage, another high-risk pregnancy, a battle with cancer, two knee surgeries for my husband, and then a year of having to replace every appliance in the house (at least they had the courtesy to fail in order, one a month - including a $10K HVAC in the dead of winter), yeah...the SHTF over here.

What we didn't do: shirk our duty, not pay our bills 100%, look for handouts, go on government plans, or make excuses.

What we did do: give to our church, donate to charity, buy consignment, shop at Good Will, not take vacations, build our own furniture/deck/patio, stretch every dollar, live with what we had, cut our own hair, fix our own roof/cars/you name it.

Still have a fantastic credit rating, $180K in retirement accounts, a roof over our head, 3 healthy kids, and two gainfully employed individuals.

So no, not everyone hanging on is an Obama voter. Sometimes when it rains, it POURS. For my family, it's been pouring for a DECADE.

21 posted on 10/19/2012 12:58:44 PM PDT by TheWriterTX (Riding the Long-Wave Economic Contraction, Baby!)
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To: rightwingintelligentsia

In the erarly 1900’s there wasn’t any financial training either for most folk. I think people in those days were pretty good at saving money.


22 posted on 10/19/2012 1:02:37 PM PDT by RexBeach (Mr. Obama Loves To Spend My $$$$$$$$$$$$)
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To: rightwingintelligentsia

Doesn’t a retirement account count as savings? It does in my house (although we have non-retirement savings as well).


26 posted on 10/19/2012 1:13:00 PM PDT by con-surf-ative
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To: rightwingintelligentsia

It would be zero if they had to pay for their Obamaphones.


27 posted on 10/19/2012 1:22:13 PM PDT by rfp1234
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To: rightwingintelligentsia

Why keep savings in an account or CD which earns 1% or less interest and can be tied up by external developments like a bank failure, government seizure natural disaster or hyperinflation, at a time when food and fuel are rising at over a 10% retail rate?


28 posted on 10/19/2012 1:22:27 PM PDT by research99
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To: rightwingintelligentsia
I was doing pretty good until my daughter and son in law were both out of work for almost a year. Every time I start to gain some ground something else breaks.

Last month was $100.00 for a hard drive and $300.00 for a septic tank effluent pump.

I'm grateful that we can do most maintenance ourselves, just buying parts is bad enough.

I used to sell the same basic pump for $79.95.

30 posted on 10/19/2012 1:35:20 PM PDT by SWAMPSNIPER (The Second Amendment, a Matter of Fact, Not a Matter of Opinion)
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To: rightwingintelligentsia

OK, I know we have a lot of good folks that are looking for work, and I’m not talking about them, but this number is meaningly without subtracting out people on EBT/welfare etc.

What need does a person on welfare have for savings? Their rainy day is already covered.


32 posted on 10/19/2012 1:45:19 PM PDT by SampleMan (Feral Humans are the refuse of socialism.)
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To: rightwingintelligentsia

If that’s all I had for an emergency fund I’d freak out. You’d be one car repair away from having to tap credit, a job loss away from bankruptcy.


33 posted on 10/19/2012 1:47:25 PM PDT by RegulatorCountry
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To: rightwingintelligentsia

If some one ask me on the street, if I have any ready money savings, I’d answer no.

$200 tops, and it’s none of their business. Then tell the guy and camera crew to buzz off.


36 posted on 10/19/2012 1:54:50 PM PDT by Sir Napsalot (Pravda + Useful Idiots = CCCP; JournOList + Useful Idiots = DopeyChangey!)
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To: rightwingintelligentsia

Here’s what I don’t get. Through hard work, discipline and God’s grace, we have considerably more than that in savings, so we are in a better place than 40% of folks. Yet, at least 80% of the cars I pass every day are much newer than mine and my wife’s. Wait, maybe there’s a correlation.


38 posted on 10/19/2012 1:57:45 PM PDT by tnlibertarian (Hope isn't a strategy.)
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