The average American household tries to save 500 dollars a month, but 30% can only manage 200 dollars a month.
They are saving on the basis of "dealing with an emergency" should it arise, rather than actually planning for the future.
#GM
Same here. I don't think I know many people who are comfortably and steadily (and well) saving for the future.
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Most have been following flawed Keynesian macroeconomic principles their entire lives which, in turn, has given them a complete and total misunderstanding on how currency valuations work in conjunction with low-time preference planning.
Me either, not many at least.
