savings in 1950
August 3rd, 2019 at 11:37:15 PM permalink | |
Pacomartin Member since: Oct 24, 2012 Threads: 1068 Posts: 12569 | What has taken the place of savings for an American? I saw a study comparing average expenses for an American in 2012 vs 1950. The big one was an 80% drop in the amount of money put away for savings The average American was spending 58% less in medical care. But they were spending more for: Food 38% Housing 27% Clothing 315% Transportation 36% Recreation 67% Other 34% |
August 4th, 2019 at 1:55:08 AM permalink | |
Fleastiff Member since: Oct 27, 2012 Threads: 62 Posts: 7831 | Lack of hope. you don't save if both husband and wife work outside the home and have to support two cars, a more demanding wardrobe, more expensive lunches, takeout dinners. Why save if you can have fun now since the future is so bleak?? |
August 4th, 2019 at 4:10:22 AM permalink | |
AZDuffman Member since: Oct 24, 2012 Threads: 135 Posts: 18210 | We used to teach the importance of savings. Bank managers would visit schools and explain it. You had a Christmas Club for annual savings for the holidays. But things changed. Credit cards meat you no longer needed a few hundred bucks set aside. Banks decided they no longer wanted small accounts. People lived for the now. The President is a fink. |
August 4th, 2019 at 5:04:22 AM permalink | |
Fleastiff Member since: Oct 27, 2012 Threads: 62 Posts: 7831 | Short term housing, rented furniture, takeout meals, leased vehicles, uber, lyft, urban bikes .... wouldn't a bank manager be laughed at now? In a world where Ariana Grande is singing about icicles to twelve year old girls who fully understand the lyrics, who is going to be gaining an audience if they try to talk about chastity? |
August 4th, 2019 at 5:40:34 AM permalink | |
KNathan Member since: Dec 9, 2018 Threads: 37 Posts: 547 |
Adele seems to be doing well and her hit songs are romantic and are about an ex she still hasn't fully gotten over. |
August 4th, 2019 at 5:41:46 AM permalink | |
KNathan Member since: Dec 9, 2018 Threads: 37 Posts: 547 |
People need to learn balance. Splurge AND save is the ideal way to live. :) |
August 4th, 2019 at 9:49:07 AM permalink | |
SOOPOO Member since: Feb 19, 2014 Threads: 22 Posts: 4175 |
Which is more valuable..... Nathan giving advice on a gambling topic or in a savings thread? ZERO = ZERO! |
August 4th, 2019 at 9:50:58 AM permalink | |
Evenbob Member since: Oct 24, 2012 Threads: 146 Posts: 25011 |
LOLOLOL!!! 10 thumbs up! If you take a risk, you may lose. If you never take a risk, you will always lose. |
August 4th, 2019 at 4:20:07 PM permalink | |
Wizard Administrator Member since: Oct 23, 2012 Threads: 239 Posts: 6095 |
And yet you still haven't blocked her. My diagnosis is she is a guilty pleasure for you. Knowledge is Good -- Emil Faber |
August 4th, 2019 at 4:26:43 PM permalink | |
Evenbob Member since: Oct 24, 2012 Threads: 146 Posts: 25011 |
My guess is that guess is about as far from reality as you can get. It sure is for me. I can't get over what she said to Barb and she's still allowed to post on one of the sites. I don't care if she 'apologizes' 40 times. If you take a risk, you may lose. If you never take a risk, you will always lose. |