Comment by gmerc
1 year ago
The average american has 6 months of savings for unemployment. I don’t think there’s any cause for optimism on that timeline
1 year ago
The average american has 6 months of savings for unemployment. I don’t think there’s any cause for optimism on that timeline
> average american has 6 months of savings for unemployment. I don’t think there’s any cause for optimism on that timeline
That's 6 months more than during the agricultural and industrial revolutions. The world isn't great, but it's getting better in the long run.
The majority of Americans live paycheck to paycheck. On average, American's may have sixth months of savings, but that is due to the long tail of wealth distribution. Only about 1 out of 4 of them actually have six months or more of savings.
I see lots of help wanted signs. 6 days should be be enough.