Anybody Have $2000 To Spare?
05-24-2011, 12:25 PM
#1
Administrator
Thread Starter
Joined APC: May 2006
Position: C-172
Posts: 8,024
Anybody Have $2000 To Spare?
If true, this is kinda bad. In this day and age, $2000 is really not a lot of money, but yet so many cannot come up with it for emergencies.
How long would it take you to come up with $2,000 in cash? Could you do it at all?
Half of all U.S. households say they "certainly" or "probably" could not come up with the funds to cope with such an ordinary financial emergency, according to a new study on financial fragility.
The lack of emergency resources is not just a problem of the impoverished but also affects many “solidly middle-class” families, according to the study just published by the National Bureau of Economic Research. Of households making between $100,000 and $150,000 annually, nearly one-quarter said they "certainly" or "probably" would be unable to come up with the $2,000.
Life Inc. - Small rainy-day funds mean many could get drenched
Half of all U.S. households say they "certainly" or "probably" could not come up with the funds to cope with such an ordinary financial emergency, according to a new study on financial fragility.
The lack of emergency resources is not just a problem of the impoverished but also affects many “solidly middle-class” families, according to the study just published by the National Bureau of Economic Research. Of households making between $100,000 and $150,000 annually, nearly one-quarter said they "certainly" or "probably" would be unable to come up with the $2,000.
Life Inc. - Small rainy-day funds mean many could get drenched
05-25-2011, 05:28 AM
#4
Gets Weekends Off
Joined APC: Dec 2005
Posts: 233
Most people spend everything they make and more. No self control, trying to keep up with the Jones, trying to live movie star lifestyles, spend, spend, spend. 52 inch TV's, iPod, new Macs, new cars, too much house, etc.....
No surprise.
Much like the gov't now that I think about it.
No surprise.
Much like the gov't now that I think about it.
06-01-2011, 05:36 PM
#5
Line Holder
Joined APC: Mar 2010
Position: CFI/CFII
Posts: 44
Most people spend everything they make and more. No self control, trying to keep up with the Jones, trying to live movie star lifestyles, spend, spend, spend. 52 inch TV's, iPod, new Macs, new cars, too much house, etc.....
No surprise.
Much like the gov't now that I think about it.
No surprise.
Much like the gov't now that I think about it.
06-02-2011, 12:00 AM
#7
Gets Weekends Off
Joined APC: May 2009
Position: autopilot abuser
Posts: 166
This is so true! Except for the bankers, they always get theirs.
That about sums it up. Don't even get me started......
America = Oligarchy = Capitalism = Elitism = Stupidity
06-03-2011, 07:03 AM
#9
Gets Weekends Off
Joined APC: Dec 2010
Posts: 3,118
If we actually had capitalism here, we'd be doing quite well for ourselves. Central Banking/Fractional Reserve/Bailouts for losers is a violation of that.
Thread
Thread Starter
Forum
Replies
Last Post
