Author Topic: Dangling on the Edge of Financial Ruin  (Read 2576 times)

fartface

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Dangling on the Edge of Financial Ruin
« on: November 14, 2014, 06:40:21 AM »
http://finance.yahoo.com/news/nearly-half-us-dangling-edge-210100283.html

"20% of those surveyed who make more than $200,000 per year, said they save rarely, inconsistently, or not at all. One in four consumers with a graduate degree actually couldn’t miss a single month of paychecks without having to borrow or sell assets."

jda1984

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Re: Dangling on the Edge of Financial Ruin
« Reply #1 on: November 14, 2014, 08:59:57 AM »
Wow, one in five would rather go to the dentist than to spend 30 minutes learning financial literacy...yet that is exactly what causes these problems.  Otherwise, not very surprising.

sekritdino

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Re: Dangling on the Edge of Financial Ruin
« Reply #2 on: November 16, 2014, 02:51:21 PM »
1. What in the flying fuck?!
2. OP, your user name made me literally lol.

sekritdino

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Re: Dangling on the Edge of Financial Ruin
« Reply #3 on: November 16, 2014, 03:00:21 PM »
"The study put some of the blame for Americans’ failure to save on a lack of financial skills."

Some of the blame? SOME of it?!?! Are you friggin' kidding me? If you're blowing 200 grand a year and not saving anything it is 100% your fault for being an idiot.