112
Nearly 40% of Americans have less than $500 in cash savings, survey shows
(www.livenowfox.com)
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 15 Apr 2026
112 points (99.1% liked)
A Boring Dystopia
16832 readers
78 users here now
Pictures, Videos, Articles showing just how boring it is to live in a dystopic society, or with signs of a dystopic society.
Rules (Subject to Change)
--Be a Decent Human Being
--Posting news articles: include the source name and exact title from article in your post title
--If a picture is just a screenshot of an article, link the article
--If a video's content isn't clear from title, write a short summary so people know what it's about.
--Posts must have something to do with the topic
--Zero tolerance for Racism/Sexism/Ableism/etc.
--No NSFW content
--Abide by the rules of lemmy.world
founded 3 years ago
MODERATORS
I've never understood why people get so excited about tax refunds, but this provides some context.
Tax refunds act as forced savings for many people. It's not a good way to save as the government pays no interest on the savings. The the people then blow the money immediately on major purchases or paying down debt buildup.
Personally, I always tried to make it so that I didn't get a tax return. I always figured it cost me significant money in cash flow through the year. Always pissed me off to overpay in taxes when I could have used the money for critical things I needed during the year.
I can't remember the last time I saw a bank pay interest, either. If you want to grow a principle balance, you need to invest it, and that gets real iffy when the demented gameshow host decides to manipulate the markets.
It seems like my 401k dips $5k every afternoon when Trump promises something insane, then bounces back the next morning when he doesn't follow through.