Most Americans have less than $1,000 in savings

likme
likme

Most Americans have less than $1,000 in savings.

And over 20% don’t even have a savings account.

Veeky Forums, how much do you have saved?

lostmypassword
lostmypassword

-13k debt

hairygrape
hairygrape

0

Burnblaze
Burnblaze

A couple hundred grand. But I just sold some property

TalkBomber
TalkBomber

I'll zero out my credit card balance over the next two weeks, it's a bit high because I had to pay for classes, books, and I'm taking a ten day trip to Iceland so some of those costs are in there too.

New_Cliche
New_Cliche

-13k debt
So you have 13k saved? Congrats man.

€437k in the bank

Supergrass
Supergrass

I have about $20,000 in investments. I'm not retarded enough to keep my money in a 0.0001% interest good goy savings account.

idontknow
idontknow

22k in investments mostly FANG stocks with 3k leveraged in a 4% dividend utilities monopoly and diverse financials and energy

hairygrape
hairygrape

Dividends are not tax efficient.

Carnalpleasure
Carnalpleasure

The dividend tax credit is better than paying 50% on capital gains in leafland I think

Sharpcharm
Sharpcharm

not murrican i have $30k savings in various form
make $25k a year gathered the savings in 5 years.
it's shameful i know. i should be at $50k at least.

Emberburn
Emberburn

50% capital gains tax
Holy shit.

eGremlin
eGremlin

That's only if you hold it for less than a year.

Nojokur
Nojokur

That's not a capital gains tax then, that's a speculation tax.

Stark_Naked
Stark_Naked

In an actual savings account: a little over 10k.

In a checking account: a little over 50K (just because I haven't been keeping up with replenishing my brokerage account).

Nude_Bikergirl
Nude_Bikergirl

Collegefag here.
-30K @ 4%

Have ~4K in stocks/cash

Supergrass
Supergrass

In an actual savings account, about $3.5K
At this point, maybe $600 in investments?

t. college fag living at home

Nude_Bikergirl
Nude_Bikergirl

Sure it is cum fiend, it's a short term capital gains tax

Soft_member
Soft_member

$50k in savings, $40k in my 401k, $5k in an emergency savings account, ~$3000 in fuck-around speculation, wall street bets & other self-directed "investments", and probably ~$300k in non-liquid assets (including house, cars, and other toys).

Bidwell
Bidwell

25k in savings
3k in checking
0 balance on credit cards
20k total in debt

Will be investing 30k more of my savings into the business I manage to get a higher % owner draw. That'll make my draws be 45% out of three stores. I'm 25 btw.

5mileys
5mileys

like 100k i think
idk it keeps moving around

massdebater
massdebater

8k savings
15k debt

eGremlin
eGremlin

45k debt, 3k in retirement account, 1k in savings lol

Evilember
Evilember

Friend still owes me $350 for paying one of their bills
Still looking for a new job too
Not in any debt I know of, so¯\_(ツ)_/¯

ZeroReborn
ZeroReborn

why would one have savings and debt at the same time? Besides my 401k i put all my extra money toward debt

Need_TLC
Need_TLC

if your rate of return on savings/investments is higher than the interest on your debt

girlDog
girlDog

Just started. My equipment broke and I'm waiting for the replacement part. Only $1800 saved, but I'm starting really slowly and it only took about a month. Bitch too, 'cause a ton of work opportunity pooped up last week. Could've easily walked away with 6k.

takes2long
takes2long

50% capital gains tax
Lots of traders in Canada, eh?

Bidwell
Bidwell

~20k liquid
~100k stock market
23 years old, we gonna be alright

kizzmybutt
kizzmybutt

78k in savings
25k in 401a / deferred comp 457
4k in bank account
29 years old looking to buy my first house so all those savings are about to go boom

Techpill
Techpill

23 years old, $7000 saved.

How am I doing Veeky Forumsraelites?

Snarelure
Snarelure

~16k usd saved
34 years old

Emberfire
Emberfire

how far ahead I am on my mortgage and I can withdraw it any time though I will always try avoid it if I can. Plus have about 10k worth of silver bullion

Firespawn
Firespawn

26 years old

MPmaster
MPmaster

0$

I'm 21, is it too late to start? How do I get my own land house by the age of 29?

Evil_kitten
Evil_kitten

44 married.about 1.1M in investments.

First. Year out of college I had about 10k in savings investment

viagrandad
viagrandad

How did you do it?

5mileys
5mileys

Live well below my means. Drive a used Toyota for 10 years. Always put max in 401k.
Fix things that are broken.
It's a mindset.

takes2long
takes2long

Atleast they can pay 20,000 a month with there American Express

Methshot
Methshot

Stocks are also liquid. Unless you have it on some shity penny stocks.

TreeEater
TreeEater

22
Living in New Jersey
Just over $50,000 in my checking account
no student loan debt (thank you dad)
none of my money was inherited

Carnalpleasure
Carnalpleasure

in the bank

Are you fucked in the head, why is that money not invested?

Snarelure
Snarelure

$53 k all of which is invested. I'm saving heavily because I want to start a business to escape the wage slave plantation. I want to have $100k within a year.

Garbage Can Lid
Garbage Can Lid

Does that count long term investments?

Evilember
Evilember

Yeah, at least put it into an index fund.

ZeroReborn
ZeroReborn

'i believe everything some neckbeard posts on Veeky Forums'

Sir_Gallonhead
Sir_Gallonhead

Should be around 3k euros. Would never need more. You can always just ask parents for money if you fall on hard times and dont wanna liquidate assets

MPmaster
MPmaster

Just over $50,000 in my checking account
no student loan debt (thank you dad)
none of my money was inherited

Oh the irony

w8t4u
w8t4u

I've got a good chunk in my 401k at this point.

About $5,000 in 'savings'.

It's just in my checking account, which gets 4.5% interest, so I leave it all there.

Inmate
Inmate

none of my money was inherited
It's funny that you think this statement is true.

idontknow
idontknow

i have savings which i have depleted when I purchased an investment property, still have $1600 in various savings account which I'm slowly rebuilding.

Methnerd
Methnerd

For some of us, savings is also an emergency fund.

Burnblaze
Burnblaze

I'll be saving 20k next year, 37k on the following one, and after that 45k.

What do? Wha's the simplest option for a finance retard to work with that gets me a decent ROI?

Evilember
Evilember

No student debt, nominal (<$100) credit card debt. About 10k in the bank, saving for a down payment on a house (the goal is to throw down on a multi family home). Broke 6 figures this year but cost of living in the Greater Boston area is absurd.

Fuck this game.

SniperGod
SniperGod

how can you be diversified with only $3k... stop trying to sound smart

SniperWish
SniperWish

Basically this. Having a liquid reserve fund is essential. Your crazy if you don't keep some money set aside for emergencies even while paying down debt.

WebTool
WebTool

I hate when people use the term liquid as if to mean it's in cash or something.

I think they just want to sound smart

TurtleCat
TurtleCat

Good luck, user. Wage slaving is a soul draining cancer.

LuckyDusty
LuckyDusty

You're crazy*

StonedTime
StonedTime

same here. good job

CouchChiller
CouchChiller

Trip fag on Veeky Forums
only has 50K and it's in his checking

wew lad

VisualMaster
VisualMaster

It could mean more than cash though.

DeathDog
DeathDog

none of my money was inherited

yet your dad paid for school...

ZeroReborn
ZeroReborn

Dude just... look at the comment i qoute and notice how my text is in dank green meme

wew lad
wewewewew

PurpleCharger
PurpleCharger

my bad

fuck you trip fag

CodeBuns
CodeBuns

Seriously. By separating "liquid" and "stock market" it's obvious he doesn't actually know what it means.

Ignoramus
Ignoramus

23 years old

$2k in checking

$6k in IRA

Currently unemployed ^^

Evilember
Evilember

muh bitcoin

Booteefool
Booteefool

It's not 50% tax you fucking moron

50% OF your capital gains are taxed (at a rate depending on your tax bracket) the other 50% is tax free.

Honestly

MPmaster
MPmaster

What is a "qualified dividend"

iluvmen
iluvmen

80k at 34

Sharpcharm
Sharpcharm

21 8k

Work for 21$/hr 24-28 hrs a week.

Live with parents. What do with money? I was just gonna save it all

Emberburn
Emberburn

4.5% interest

What fucking bank?

Firespawn
Firespawn

If you are a poorfag in the US then dividends are taxed the same as long term capital gains.

TalkBomber
TalkBomber

Between my wife and I, we have about $200k split between cash, brokerage accounts and retirement accounts. We have about $350k in home equity as well. We're both 30 and have saved very aggressively.

RumChicken
RumChicken

I have about 350k in debt. Should be paid off by the time I'm 35.

ZeroReborn
ZeroReborn

Canada is proposing negative interest rates cause it "stimulates muh economy"
tfw avg person has 0 dollars in savings anyways

BinaryMan
BinaryMan

21
7K in checking account
~17K in stocks

Working while going to college.

AwesomeTucker
AwesomeTucker

20
10k in cash
~4000 in savings account

Lunatick
Lunatick

23 years, 30k€

never worked in my life (everything saved up from allowance and birthday money). graduating soon. probably. maybe.

Sir_Gallonhead
Sir_Gallonhead

~300k in a combination of bonds and index funds
House worth 165k
Probably going to mortgage the house for about 650k worth of rental properties soon

T-t-t-trust fund represent!

WebTool
WebTool

27
1.2 M€
no dept
Pic related

Nojokur
Nojokur

your # are out of date , let me help.
I get paid on the 1 st I'm out of $$ by the 5th.
75 % don't have savings account , some like me never will.
I'm homeless and have no aspiration to ever have one.

King_Martha
King_Martha

$6000 credit card debt
$5000 savings account
$114,000 in stocks

Evil_kitten
Evil_kitten

Mehdi
Boursorama
doigt d'honneur

Je ne veux même pas savoir comment tu as acquis ces biens.

kizzmybutt
kizzmybutt

I have about $400 grand I could pay my mortgage off but don't bc I'm supposedly getting higher returns than my interest but the statements don't say that. Tried investing in options on my own but i suck so 95% passive. Should I just go debt free to stop paying a mortgage? I want to quit and retire tho I'm 34 btw

Evilember
Evilember

MY COUNTRY'S FLAG

Firespawn
Firespawn

Around 50k right now

StonedTime
StonedTime

why do you own a credit card

Nojokur
Nojokur

$0 in savings
$17 in checking
less than $100 in cash
around $10k in debt
$1,200 due in bills as of today
feels bad man

lostmypassword
lostmypassword

I'm almost the same age and savings. I put most of my money into paying down mortgage with the option to withdraw it if needed. So it essentially saves me more money than modest investment earns but with zero risk.

My other option was to semi retire and live off the savings while making minimum mortgage payments. I could have lasted 15-20 years.

Gigastrength
Gigastrength

1.3 M$

Live with a roommate and buy all my food on sale. Miser of the century here.

Methshot
Methshot

~$100k saved pretty liquid

I day trade with $50k of it,
keep ~$10k in checking

I don't understand how some keep a zero balance checking account, real life is inconvenient and selling positions off prematurely nullifies strategy

SniperWish
SniperWish

You'd think most if not all day traders that tap into their checking s account for money to trade don't do so because they're in a good financial situation. More than likely they're resorting to using that money to win back their losses.

Anyway, €6000 saved up here. Wish it was more. Alas, shit just hits the fan sometimes.

Illusionz
Illusionz

He means maple syrup

Lunatick
Lunatick

$7k in the bank
$84k in investment account
$33k in Roth IRA
$133k in Roth 401k

Garbage Can Lid
Garbage Can Lid

28 years old btw

farquit
farquit

20 yo

4000€ in """treasury bonds"""
3000€ in savings
140€ in p2p lending
80€ in a checking account
7€ in my wallet

I guess it could be worse.

idontknow
idontknow

$10,000 saved.

$50,000 on student loan debt that I have not payed a dime on. I really don't wanna pay it.

Emberburn
Emberburn

Probably not negative interest rates for your average canadian famelam

Also; All dis niggas listing houses etc as savings. Savings are dank pepe memes, cash and maybe stocks if its invested in apple (the only good stock it can never go wrong since its only up and up from here)

Carnalpleasure
Carnalpleasure

How many dicks must I suck for that?

CouchChiller
CouchChiller

A little over 7k in a 3.15% savings account

Fuzzy_Logic
Fuzzy_Logic

This. It's insurance. I believe if I could hold an extra life in reserve I would never die. Likewise, having money to replace things protects against them breaking or getting lost in the first place.

Spazyfool
Spazyfool

Anyway... $1500 in stocks, $12000 in bonds, $3000 in business savings. I had almost $6000 in business savings but sales stopped and I had to borrow for orders. Sucks because another $1000 and I could've closed a credit card or two. Man, fuck being a small retailer. If I could just dump my inventory for what I paid I could be out of personal credit card debt forever.

Bidwell
Bidwell

I make 105k a year and my wife makes 75k a year.

We have like 200k in our 401k and about 40k in cash. I just bought 1k of stocks this morning and opened an IRA last night.

I recently got the bug of saving money so that 40k is going to be lost soon probably lol.

Wife owns a rental property where rent is twice the mortgage. I may take out a VA loan and buy a house and we will rent this house out too.

I spent 3 hours last night trying to find cheaper car insurance than $108/month.

I feel poor as shit because I don't have a billion dollars.

Emberburn
Emberburn

It wasn't lost on me either Scandi bro.

VisualMaster
VisualMaster

£18,000 at 21, but I'm starting uni in a few months so I will probably have some of it drained at the end of the 3 years

King_Martha
King_Martha

32 from Canada

2k in savings
16k in tfsa, index fund
0 debt

TreeEater
TreeEater

Current net worth about 40,500. No debt. Every month 2,234 is added to my 401k. Try to save a bit more on top of that.

Carnalpleasure
Carnalpleasure

Not bad. Read mr money mustache and start saving even more. I wish I had started as young as you did.

SniperGod
SniperGod

Zero in my savings account and a couple thousand in a Roth IRA. I'm still in collage so I haven't been able to max it out every year.

Illusionz
Illusionz

24 just graduated college, no debt. $19,400 sitting in an Ally savings account

I don't know what I should do with it

Harmless_Venom
Harmless_Venom

25
25k in savings
3,500 in blue chips
22k penny stocks
300k in real estate

eGremlin
eGremlin

why would I put my money in USD?

Playboyize
Playboyize

I don't know how people make six figures as a wagecuck. I've worked with highly paid developers and they are beyond useless. But somehow management just accepts their excuses.

cum2soon
cum2soon

The more you make the less you work

massdebater
massdebater

Probably overexaggerating a MMMF

Snarelure
Snarelure

10k saved, 3k in stocks. 23 year old student, works on weekend, lives on his own

VisualMaster
VisualMaster

Unless you somehow borrowed at a negative interest rate there's no way the interest in a saving account is greater than interest on any kind of debt.

CodeBuns
CodeBuns

Currently 7k Working towards my $10k emergency fund

Also $3k in checking because I'm looking for a beater car

Stupidasole
Stupidasole

26 with $300 in my savings account
Life of a Starving Artist D:

Nojokur
Nojokur

Just turned 25. I owe about $7k on my car (Toyota so it will last) and about $35k in student loans. I hate my life. I work a lot and have been paying down debt aggressively since last year. Wiped out about $8k debt since last summer. Will wipe out more in the next year because less interest.

I should have never gone to college. I was a math major. I could handle the work but I hated the environment and was tired of being in school instead of being an adult in the real world. It sucked. I never learned how to do anything or even live.

I'm okay now but I will be working 7 days a week for most of the year so I can pay off my remaining debt in less than 4 years.

I hate debt. I never want to get into debt again except for a more reliable car when this one dies. And Toyota cars just don't die. I don't need a house. I live well below my means and my living expenses are lower than most people in my situation.

Disable AdBlock to view this page

Disable AdBlock to view this page

Confirm your age

This website may contain content of an adult nature. If you are under the age of 18, if such content offends you or if it is illegal to view such content in your community, please EXIT.

Enter Exit

About Privacy

We use cookies to personalize content and ads, to provide social media features and to analyze our traffic. We also share information about your use of our site with our advertising and analytics partners.

Accept Exit