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Nearly 40% of Americans have less than $500 in cash savings, survey shows
(www.livenowfox.com)
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this post was submitted on 15 Apr 2026
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A Boring Dystopia
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It would take well over a decade for a medium income household to save up enough money for a down payment on a house with their tax returns. And that's assuming it was placed in a safe investment the whole time like in CDs or bonds. The housing market's just too expensive. I can see the appeal of people using up their money when they get it if it means saving might take an unbearable amount of time, not that it's in their best interest to however.