Comment by cedws
5 hours ago
American software engineers maybe. But I heard somewhere that most Americans live paycheck to paycheck or at most have a few thousand dollars in savings.
5 hours ago
American software engineers maybe. But I heard somewhere that most Americans live paycheck to paycheck or at most have a few thousand dollars in savings.
> I heard somewhere that most Americans live paycheck to paycheck or at most have a few thousand dollars in savings
Wealth versus liquidity. I'm saying you sell everything you own, pay off your debts, and then take what's left to retire on. Someone with $10mm in home equity may still be strapped for cash on account of the mortgage.