this post was submitted on 02 Sep 2023
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chapotraphouse

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[–] [email protected] 29 points 1 year ago (4 children)

This only represents people with bank accounts doesn't it? No way the bottom quartile overall has an average higher than a grand

[–] [email protected] 24 points 1 year ago

Honestly, even 10k isn't a large enough safety net in case something goes really wrong

[–] [email protected] 18 points 1 year ago

if you measure it before rent is due maybe

[–] [email protected] 16 points 1 year ago (1 children)

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

[–] [email protected] 9 points 1 year ago

Never forget. Never forgive.

gui-better

[–] [email protected] 8 points 1 year ago* (last edited 1 year ago)

It is median. So it tracks the 12.5%th poorest American. Only people with bank accounts apply.