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

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Same here. I don't think I know many people who are comfortably and steadily (and well) saving for the future.

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.

And these people would be the same way earning more unfortunately.

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