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originally posted by: queenofswords
Maybe people prefer to purchase real estate or other investment assets rather than stick it in a low-interest savings account where all it does is just sit there.
originally posted by: Skywatcher2011
originally posted by: nOraKat
According to several articles, more than half (57 %) of the US population has less than $1000 in total savings in 2017, and 39% have $0 savings!
Are these stats taken AFTER BLACK FRIDAY store sales?
originally posted by: rickymouse
Well, We do have some money in the bank, and we do have social security income. But all of that can dissappear if we were to have a depression. We could eventually get the money from the savings account, and understand we need some cash all the time to tide us through till things get back in line. As far as Social Security, if the economy collapsed, so does our social security for a while.
An old English judge once said: 'Necessitous men are not free men.' Liberty requires opportunity to make a living - a living decent according to the standard of the time, a living which gives man not only enough to live by, but something to live for.
For too many of us the political equality we once had won was meaningless in the face of economic inequality. A small group had concentrated into their own hands an almost complete control over other people's property, other people's money, other people's labor - other people's lives. For too many of us life was no longer free; liberty no longer real; men could no longer follow the pursuit of happiness.
Against economic tyranny such as this, the American citizen could appeal only to the organized power of government."