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09-02-2019, 01:15 PM
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Sage
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Join Date: Apr 2016
Location: Between 466 & 466A
Posts: 10,508
Thanks: 82
Thanked 1,505 Times in 677 Posts
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Quote:
Originally Posted by justjim
I agree everybody should have a “rainy day fund”. However, I recently read that 40% of Americans cannot come up with $400 when a need occurs and they live from paycheck to paycheck. The 40% represents approximately 131,600,000 people.
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Yep.
Analogous to that, is the fact that just a little less than half (+-48%) of all Americans do not own any stocks whatsoever (individual stocks/in a pensions/tax-deferred/Etc.), so any movements of the stock markets...do not affect them in the least.
That sure leaves a lot of good, hard-working, fellow Americans...in a tough situation. 
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