It’s absurd that anyone making less than $50k a year is saving more money than someone making $200k.
If they arent buying assets they arent actually saving, they are just building a buffer against drowning.
Also to simplify your percentages there of people living paycheck to paychecks.
75% under 50k a year
48% of people making 100k a year (only 21% of people are above this line)
33% of people making 200k+ a year
Seems like increasing pay does reduce that issue even if there is an issue of spending to your max budget in america but I’d actually rather have currency in circulation than sitting in accounts for the sake of collecting.
If they arent buying assets they arent actually saving, they are just building a buffer against drowning.
Also to simplify your percentages there of people living paycheck to paychecks.
Seems like increasing pay does reduce that issue even if there is an issue of spending to your max budget in america but I’d actually rather have currency in circulation than sitting in accounts for the sake of collecting.