Getbig.com: American Bodybuilding, Fitness and Figure
Getbig Main Boards => Gossip & Opinions => Topic started by: BayGBM on June 04, 2011, 05:33:39 AM
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Many don't have $2,000 for a rainy day
By Annalyn Censky @CNNMoney
NEW YORK (CNNMoney) -- Half of Americans say they aren't prepared for a minor financial emergency.
A new study by the National Bureau of Economic Research shows 50% of Americans would struggle to come up with $2,000 in a pinch, for example in the event of an unanticipated car or home repair, a large medical bill or legal expenses.
Roughly 28% said they "certainly" would not be able to cope with an unexpected $2,000 bill if they had to come up with the money in 30 days, and another 22% said they "probably" would not be to able to cope.
Only a quarter of Americans said they are certain they would be able to come up with the funds.
A majority of the 1,900 Americans surveyed said they would have to rely on more than one method to come up with the emergency funds.
While 60% said they would dip into savings, 34.2% said they would have to ask family and friends for help and 29.5% said they would have to resort to credit cards, a home equity line of credit, reverse mortgage or unsecured loan.
The National Bureau of Economic Research also surveyed seven other countries including the United Kingdom, France, Germany, Canada, Italy, Portugal and the Netherlands.
Of those, people in the Netherlands were the most optimistic, with 57.7% of their respondents saying they were "certain" they could handle a $2,000 emergency.
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Is this supposed to be shocking?
I guess for a San Francisco yuppie this is news. But most of us already know it.
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I always make sure I've got at least £2,000 (approx $3,200) in savings I can call upon in case of emergency - I never let my savings go below this figure.
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dip into savings? oldest lie in the book, most have 0 savings
many girls simply whore themselves out when they need money, that they didnt cover
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people suck with money, this isn`t news.
This stat is fairly close to my views on society. 80% of people are retarded, 75% don`t have 2 grand available.
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people suck with money, this isn`t news.
This stat is fairly close to my views on society. 80% of people are retarded, 75% don`t have 2 grand available.
Money and intelligence don't go together.
Lot's of successful Americans are fucking stupid. They just have money because they robotically work like machines, or they have obsessive personalities.
Getting money is not really about intelligence. Usually it's just about coming from a rich family and getting a good head start from the beginning.
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The Schmoe you hire for that rainy day won't have a problem Bay
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Bay has his 2 grand stocked up in case Nasser comes back for one more session, or for 40 sessions with Derek Anthony.
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Money and intelligence don't go together.
Lot's of successful Americans are fucking stupid. They just have money because they robotically work like machines, or they have obsessive personalities.
Getting money is not really about intelligence.
Spot on post.
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Bay has his 2 grand stocked up in case Nasser comes back for one more session, or for 40 sessions with Derek Anthony.
Fixed. ;D
And Nasser is Tier 1 so he is at least $5000. ;)
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Fixed. ;D
And Nasser is Tier 1 so he is at least $5000. ;)
so whats a session involve with a guy like nasser
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Money and intelligence don't go together.
Lot's of successful Americans are fucking stupid. They just have money because they robotically work like machines, or they have obsessive personalities.
Getting money is not really about intelligence. Usually it's just about coming from a rich family and getting a good head start from the beginning.
I agree that lots of successful people are stupid but, as a percentage, there are really not that many smart poor people.
I stand by my estimate: 80% of people are retarded.
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Money and intelligence don't go together.
Lot's of successful Americans are fucking stupid. They just have money because they robotically work like machines, or they have obsessive personalities.
Getting money is not really about intelligence. Usually it's just about coming from a rich family and getting a good head start from the beginning.
VERY good post. One of the more intelligent posts I've read this year, in fact. Your a good man, BFRS. :)
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VERY good post. One of the more intelligent posts I've read this year, in fact. Your a good man, BFRS. :)
Thank you very much brother.
All I can do is speak the truth and try to see above all the bullshit on this rotting sphere we live on.
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Not a Getbig millionaire but I keep at least £15 000 in savings for 'just incase'. Truth be told, I have more but that's locked away where not even God could get to it. But I'm not stupid with money and look after the pennies, so I'll NEVER be in financial troubles, ever.
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I live under a bridge so money is never an issue. Usually I eat dog feces for dinner.