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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]https://www.cnbc.com/2024/01/24/how-much-money-americans-have-in-savings.html

Nearly half of Americans have $500 or less in their savings accounts, an amount that leaves them vulnerable to unexpected expenses, according to a GOBankingRates survey of 1,063 U.S. adults conducted in November 2023.

Few hold much cash in their checking accounts as well. Of those surveyed, 60% report having $500 or less in their checking accounts, while only about 12% have $2,001 or more.

The lack of cash in either savings or checking accounts suggests that many Americans are living paycheck to paycheck. This leaves them vulnerable to unexpected expenses, underscoring the importance of having an emergency fund, if they’re able to build one.

https://www.cnbc.com/2024/01/24/how-much-money-americans-have-in-savings.html

The cost of living has decimated many American families. I don’t think our country is doing well if people are unable to save $500.00.

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Americans are saving at an unusually high level after Trump's tax cuts

Americans have been socking away an unusually high rate of their income since the Great Recession, which economists warn could become harmful to the economy over an extended period of time, according to the Wall Street Journal.

https://www.axios.com/2019/09/22/saving-rate-trump-tax-cuts

But of course, during the Trump administration, it was bad, very bad for the economy, for people to be able to save their own money. People should not be able to save their own money.

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[b]Wealth disparity in America is increasing. [/b]   It's kind of ironic how for years Republicans have been screeching about "wealth redistribution" as if there's a big scheme to steal money from the rich and pass it out to the poor when in fact it's the exact opposite - the middle class is having its wealth stolen and redistributed to the richest.  [/quote]

And, we'll remind you that Biden is president....... wealth disparity is increasing under Biden. [/quote]

Well right, because Congress sabotages everything, on Trump's orders no less. It's like the Big Orange Menace is still President.

Our family's financial situation got much better around 2015 and has been steady since then, although the rising cost of daycare is just brutal. But we bought our home in 2011 and our mortgage is very reasonable. Makes a huge difference.

But this is just a harder country to be poor or working class. It always has been. Bootstrap nation.

I'm a liberal voter but I think it's time for the elites to realize that it doesn't matter why people perceive the economy as better under Trump. They should just try to address it in ways that they care. Because voter opinions aren't really based on true facts. That's just how it is. [/quote]

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