Americans have burned through their savings

by lucerousb

18 comments
  1. Well they don’t seem to care, while corporations and governments bleed them dry, and billions of tax dollars go to fund Israeli genocide of Palestinians.

  2. Amazing that it took Americans nearly 4 years to spend their stimulus checks. Kind of shows just how wealthy a huge portion of the population actually is relative to everyone else. I guess it makes sense if every condo near me is worth at least half a million dollars and a townhouse starts at 3 million.

    Obviously poor people ran through their stimulus checks in a week. What a society of extremes.

  3. Corporations are more concerned about the amount of spending money the poor has than the poor is 😎

    parasites can’t survive on a dead host

  4. “The economy is BOOMING! Why is nobody giving Biden CREDIT??!!??!??!?!!”

    So….. does the president control the economy or nah?

  5. >Other answers revealed that 15 percent had between $1,000 to $5,000, 10 percent with savings of $5,000 to $10,000, 13 percent boasted $10,000 to $20,000 of cash in their bank accounts while 20 percent had more than $20,000.

    My “saving” as in account with a bank is depleted, but because they are not paying interest on deposits. So, I like to keep my credit union at between a 3 and low 4 digit operation.

    Nobody should have $20,000 that’s not getting 5% interest. People can get that at Fidelity, with both FDIC insured CDs and treasuries. So, there is no difference in the protection of the account if one desires the same as a bank. And I noticed on Fidelity, a nice new chatbot that makes navigating that site a lot easier.

    TL:DR – Some of the depletion of savings at banks is due to the banks not offering a competitive interest rate on savings.

  6. Speak for yourself. Mines just getting depreciated greatly.

  7. This is going to come back to hurt President Biden unless he starts cancelling student loan debt quickly.

    People remember broken promises when they go to the voting booth (or fill out their mail in ballot). Folks are stupid enough and vindictive enough to vote against their own interests if they feel ignored.

    He needs to fix this now!

  8. How can you beat Biden’s economy, the best since Bill Clinton.

  9. More fake news from the Trumpers.

    Americans have NEVER had it better. Biden gave out those $2000 checks and Americans bought new houses by the millions and paid off all the credit card debt.

    You Trumpers keep spreading this fake news about a bad economy and we’ll have the government crack down on you. Maybe you’ll be in prison soon for saying bad things about Biden.

  10. I feel like I’ve seen this headline 10 times over the last 5-8 years.

  11. They did that awhile ago, America has been buying things on debt since Xmas.

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