Your links refer to a survey about savings accounts. The survey mentioned in the article you’re commenting on refers to a different survey about total savings. The latter category includes people’s retirement savings.

You are honestly hopeless.

When you define “rich” as people with positive monthly cash flow you can have rich people at any income level. That’s obviously not an accurate definition then is it? There are no rich people making 35k/year.

Here’s a thought.

I think your definition of “average person standards” needs work.

It seems that you don’t know that the problem with polling is that it doesn’t always show people’s real preferences. For instance I bet based on polling you knew Bernie Sanders was gonna win the primary didn’t you? Based on polling you know we’re going to get some measure of gun control huh? Based on polling you know D…

Zero chance.

Doesn’t surprise me either. 2x income by 35 means there are bound to be a number of 30 somethings that have six figures stashed away. Particularly 30 somethings that started saving while the market was at its low point and have been able to cash in on the rebound.

No. It’s not rich. It’s not even remotely close to being rich.

So we’ve defined “pretty rich” as having 100k...

https://www.ssa.gov/oact/trsum/

When you give a bank your money, regardless of whether it’s a public or a private one, the bank puts it to use elsewhere. A postal bank would function exactly the same as a private bank in that respect.

I drew a comparison to SS and the debt issues that have come from how that money is handled because that’s exactly how postal banking funds used to be handled.

How does adding additional liabilities to a balance sheet already full of liabilities make things better?

How does calling during normal banking hours to inquire about a past due payment make a credit union “just as bad” or even really bad at all?

The media’s job is making a buck.

To be fair the government could do things efficiently but the public gets in the way of that too. It’s the feedback loop of failure you get when people refuse to pay for quality talent.

Want is probably too strong a word. The media produces what people watch. I admit that there’s a difference.

Justine Sacco’s “poorly constructed critique on white privilege” ruined her career because PR professionals don’t get to make mistakes that cause internet firestorms. If she’s liable to make that level of mistake when left to her own devices why should any company trust her not to repeat it when it’s their PR strategy…

I know.