Unless you are saving to something big in the near future it doesn’t make sense not to. I have known many peohle to die young. I have known misers who died with millions in the bank. There is no point to money after death (at least not most religions, I cannot comment on yours) earn it, save a little for a rainy day and spend the rest.
I want to retire. I’m “paycheck to paycheck” but maxing a few retirement accounts. I could easily not work for a year and survive. Depending on how the survey or whatever was phrased, I’d be included in that 58%. I should not be.
They didn’t ask, “what percent of your paycheck goes to rent/mortgage?” or “How many weeks of your paycheck do you have in savings/retirement?”
Don’t most people live paycheck to paycheck? I pay almost all of my bills on a credit card for the miles, and then i pay bill when i get paid.
Unless you are saving to something big in the near future it doesn’t make sense not to. I have known many peohle to die young. I have known misers who died with millions in the bank. There is no point to money after death (at least not most religions, I cannot comment on yours) earn it, save a little for a rainy day and spend the rest.
I want to retire. I’m “paycheck to paycheck” but maxing a few retirement accounts. I could easily not work for a year and survive. Depending on how the survey or whatever was phrased, I’d be included in that 58%. I should not be.