Why do so many people have so little savings?

Question

Answer

Because of stuff like this.

Answer

Why are people concerned with what other people have in their savings?

Answer

The high cost of living. Many are paycheck to paycheck.

Answer

Because we chose that I would be a stay at home mom until the kids were at least two, our mortgage is $1,400 a month and even keeping electricity off all day long the electric bill is still at least $130 a month plus another $130 for water bill. Oh and car payment. And insurance. And food. And student loans??? What do you MEAN.

Answer

Because companies aren’t required to pay a living wage, let alone one that allows us to have a savings.

Answer

Life

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I have no savings 😥😂

Answer

The rising cost of living not correlating with wage.

Answer

Various reasons. Many times it's their own choices. Not just anyone. Often living above their means. In some cases, something catostrophic may have happened and they haven't been able to bounce back.

Answer

Medical bills. Unexpected lay-offs. Having children to feed a clothe. Id rather make sure my bills are paid and my family taken care then worry about a savings. Would i love to have a couple thousand put away? Of course. But life happens.

Why do so many people have so little savings?

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