this post was submitted on 02 Sep 2023
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chapotraphouse
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This only represents people with bank accounts doesn't it? No way the bottom quartile overall has an average higher than a grand
Honestly, even 10k isn't a large enough safety net in case something goes really wrong
if you measure it before rent is due maybe
when I was poor I struggled to have non-0 savings. I have a graph of my savings from the last decade. I was really excited when I could sometimes get it to nearly $500 before it crashed to zero
I'm doing better now. I hope I never forget where I came from
Never forget. Never forgive.
It is median. So it tracks the 12.5%th poorest American. Only people with bank accounts apply.