One in four have a “rainy day fund” but not enough to cover 3 months of expenses
While there may be some folks for whom saving is impossible, I gotta say that I think that this is simply choices people make….newer cars, newer shoes, the latest IFone, eating out instead of cooking at home, $6 coffees….
Most people could choose to live differently and save $50 per week. $2500 per year. it isn’t easy, and it takes discipline, but it can be done.
Choices. Live large until you can’t,,,,.Or choose wisely.
I think it’s a cultural thing too.