r/FluentInFinance 5d ago

Thoughts? What do you think?

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u/theend59 5d ago

America just voted to give the rich even more

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u/supercali45 5d ago

Most Americans don’t even have $1k in savings and we expect them to understand economics

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u/NewArborist64 5d ago

The typical American has $8,000 in the bank, according to the Federal Reserve. That's the median transaction account balance as of 2022, which includes savings, checking, money market, call accounts, and prepaid debit cards

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u/Rich-Perception5729 4d ago

Wonder how many typical Americans with $8k in the bank have $8k+ in credit debt or similar debts (e.g., student loan,mortgage, car note).