American Savings?!?!

From Freakanomics…

50% of Americans say they cannot lay their hands on $2000 in 30 days.   Why $2000, because that is a good guess at what an average, sudden crisis would cost.  20% of households making $150,000 per year say they cannot come up with the $2000.

On the flip side an American household spends on average $520 per year on lotteries.  20% of households say their only chance of accumulating wealth is the lottery.  40% of households making less than $25,000 a year make that claim.

Just something to chew on. Sorry link was taken down…

 

 

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