Richest country

>Richest country
>70% of people are poor

Where did the wealth go?

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We put it all on black

To the Jews

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The American economy is based on consumerism, and 7/10 Americans are consuming too much.

God damn, nice.

Fucking hell, how? I was in college working at target, paying my own rent at my own apartment buying my own gas and groceries, and I still was able to keep $3000 in my savings while being able to afford some of the things I wanted. I bought a new rifle if I had the spare cash, not just The cash, but enough to spare.
>this was a year ago
Holy fuck my generation needs to live within their means.

Jews and multiculturalism, globalism, and outsourcing jobs as well as Illegal immigration.

>it aint ma fault a bloo bloo

I don't get how multiculturalism fits with the other three

americans are AWFUL at saving money. everybody i talk to is always complaining of how broke they are when they refuse to move to a cheaper neighborhood, stop spending $100 a week on alcohol, stop buying expensive clothes and phones and making payments on a car they cant afford. and nobody here can cook, everybody always goes out and spends tons of money for dishes they could cook at home in 30 minutes and have leftovers for the whole week. the funniest part is there is a photo trail of this shit on everyones instagram.

Basically why social security exists. Because everyone is too fucking stupid to save their own money for retirement, the government has to do it for them.

>mfw part of the 30%

>not even having 1000 in savings
Im 18, in college, and even I have 5000 in savings

>Where did the wealth go?

Cucks gave it to the third world

And of course a Jew named Milton Friedman was behind it all.

B-but muh high GDP per capita

>having a savings account

tfw a statistic :S I just need more money for them guns

Multiculturalsim

The practice of allowing more population growth than your current economic growth because you want to help the poor brown people

Damn bro what job do you have that allows you to make enough money to pay for school, rent/mortgage, cost of living, and allows you to save?

A lot of it went to colleges. Americans overvalue education (its not our fault, really, since American employers also overvalue education).

Also women entering the workforce depresses wages. And then they have to pay for a second car so they can go to work. And they have to pay for white flight so their children can go to a "good school" in the suburbs. etc.

savings != wealth

This this this this and this.

I make a third of what my sister makes every month (I have an under the table job, she works in an art gallery), yet I have well over a thousand dollars saved up, WHILE paying 1/3rd of my salary in bills, AND buying food and gas for the house, AND buying whatever useless Sup Forums related shit I want without breaking the bank.
Meanwhile, she has to borrow bus fare from me every day, and her phone is turned off more than it is on because she spends all her money on clothes she never wears. I legitimately don't understand how she can be so short sighted and materialistic when we were both raised under the exact same morals.

thank you for the gif, i finally saved it.

>Where did the wealth go?
Iphones and car insurance.

Yeah, its not hard, right out of high school i got a job as a nursing assistant at a nursing home, and the school I go to is pretty cheap, even for a state college

the jews took it.

they baited our poorfags with shiny iphones and other retarded shit.

this. if everyone started saving then the economy would crash.

>they baited our poorfags with shiny iphones and other retarded shit.
lol

Multiculturalism

The conviction that helping foreign tribes outcompete your tribe by subsidizing them and penalizing yours is a good thing

Three things. Student loans,car payments and credit cards. People are guaranteed all these loans and buy shit they can't afford.

Simple answer is we keep buying shit than we honestly don't need. If you're updating your phone every single time one comes out, buying new cars, upgrading tv's that aren't broken things of that nature, you won't be able to save much money. It's called being nigger rich. You get a bit and spend it on shit.

The shit thing is its a vicious cycle. The companies people work for have to justify production to keep you in a job, so they promote the shit out of things that aren't all that innovative so they can pump out more sooner, and you'll buy it because it looks nice, even when it offers you nothing you didn't already have.

I'm twenty six and have $30k in savings. Live with my parents and have a job that pays decent of course.

The nose locked us into servitude.

The average 20 year old probably has 10k in debt

+dont need

give me a tl;dr on the aleppo thing

Everyone ITT is absolutely retarded

"muh multicultrualism, LOL DUDE POPULATION GROWTH"

i think the main part is artificially low interest rates for so fucking long, it's unprecedented. Why save money with like a .1 interest rate?

>We covert it to debt which makes you worth more.

Haven't you heard?

>Why save money with like a .1 interest rate?
you realize interest rates are a scam right?

that money has to come from somewhere, it doesnt just magically appear.

if everyone saved their money, the interest rate would be ZERO since nobody would take out loans.

interest rates are low because people DONT save and they're more than happy to borrow so the kikes take advantage by baiting them with low interest rates.

i though he said lmao.

k.here

a lepo

This pretty much.

r u me?

i was neet for a few months and working with my gf on her small business while she expanded, with no pay. i got a job at some grocery store and after 3 weeks i have more savings than my sister who works 2 jobs and has been working for about 2 years. she is also a huge cunt. i think this is happening cause of shit like facebook and instagram, where you see how much other people have and feel like you should have that too, i also think most depression stems from social media and a lack of validation by people that really shouldnt matter. normies are weird

fpbp

>the only way to save money is a savings account

>don't pay attention to the semite shipping your jobs overseas behind the curtain

>interest rates are low because people DONT save and they're more than happy to borrow so the kikes take advantage by baiting them with low interest rates.

Interest rates are low because the Fed needed to artificially prop up Obamas presidency, as soon as Trump gets in they will hike the rates and crash the economy, yellen is already talking about it.

youtube.com/watch?v=n_lDIZshVXs
youtube.com/watch?v=dsqGR31zoVA

Both. If they could afford it they wouldn't need to borrow right and left. Same goes for a mortgage. People think they have all this money they don't and meanwhile they pay interest on everything they buy.

>tfw I am the 30%
STOP BUYING SHIT YOU CAN'T AFFORD AND GETTING DRAGGED INTO CRIPPLING DEBT, YOU RETARDS. YOU DON'T NEED AN IPHONE EVERY NEW YEAR AND NAME BRAND SHOES EVERY THREE MONTHS.

I've got $20 to my name til Friday. I've always wondered what it would be like to not live paycheck-to-paycheck.

Stop giving her bus fare stupid, even if it is only being borrowed. All you are doing is enabling such behavior. If she doesn't have fare, she has to walk.

>Normies are weird

The only thing your average Sup Forumsock is neurotic about is cheating women. Normies are neurotic about fucking everything. Honestly, we should be the normies.

even now that shouldnt be happening.

post your detailed finances for the week/month pls.

Legally speaking, the wealth is owed solely to the Regional Bank of Federal Reserve Systems, and the "rich" and poor alike in our country hold promissory notes (weather physical or electronic, because not nearly enough actual notes exist to cover our debt to The Fed) that allow them to obtain goods and services from those people that believe that said notes hold any real natural value.

Invest in physical gold, kids.

I'm richer than 70% of Americans?

Nice

I never understood this logic. I know people here in the UK who live of debt. What the fuck drives a person to buy unnecessary shit with money they don't have. Why would banks even loan all these plebs money? They won't get that shit back, not fast enough anyway. The country will probably turn into greece before even half the debt is paid.

youtube.com/watch?v=fOT_BoGpCn4

>calls people retarded
>thinks the low Fed interest rates go to the average Americucks car, student, or home loan

Social media has everyone keeping up with the Joneses every waking minute of their lives. They put out what is essentially an advertisement for how great their lives are and everyone else takes it on face value and tries to compete.

Meanwhile, they're all broke as fuck and drowning in debt. The broken foundation doesn't matter, because nobody on social media ever sees the foundation. All they see is the advertisement for how great the surface is.

Who the fuck uses savings? The returns on any savings account is atrocious and a lot of banks have bullshit "penalties" for excessive drawing or not maintaining a minimum balance in savings. Its literally a jew scheme to make you think you are being fiscally smart while they loan out your cash for bookoo bux, toss you a penny every month, and expect you to be thankful.

Investing is how most people nowadays save their money. The only reason to have liquid assets is because you intend to spend it.

Americans still worship corporations no matter how hard they get fucked by them

Too many niggers and foreigners.

We are all feeling the Bern now, user.

If I don't do it, then my mother or grandmother will. My mom's tries talking to her about her reckless spending, but then she just gets depressive and nothing changes.

I think this is it. She basically lives on Facebook and Instagram and is constantly teetering on depression because her friends look like they have so much fun without her. So how would one go about fixing this?

Lack of a basic understanding of economics and personal finance, combined with a society that encourages vanity spending and excessive consumption.

Why do you think so many morons supported Bernie? I guarantee more than half of all Americans don't even know what the Federal Reserve is.

Why did you shoop Jeb's face onto a buttplug?

>Be me
>be 21
>Be field engineer
>Own truck
> Saving to buy a triplex to rent out.

>Have 50k in savings.
>Get good Americlaps.

Pay your taxes freeloader.

>instagram
Social media drives all of this too. They see what others do and it reinforces their shitty decisions. When was the last time someone posted they were spending a night in so they could save money for a down payment on a house or that they just saved a ton of money buying a 2001 civic with cash so they wouldn't have a car payment? We like to brag about how good our lives are and how much we have and then start one upping each other and justifying everything.

stop blaming niggers and foreigners for everything. Thats like niggers blaming whites for everything.

The whole system is flawed, free market, capitalism, its all designed to keep the top rich at the expense of the bottom.
We just happen to be the bottom, no homo

She needs to live under a bridge for a week or two.

The government took it and wasted it

I would if I could, but I never graduated highschool so I can't even get a job at Mcdonalds.

I have 2k in savings and I've literally done nothing in my life. My family is not even rich.

>7 in 10 Americans are brain dead consumers

Sounds about right.

It already crashed before because you dont save

only fix would be to get rid of facebook and a lot of introspection. social media is like a highlight reel of your day and people think that these moments caught on photo are representative of their entire day. social media is a passive aggressive circle jerk about who is more interesting. if she has real friends she wont need facebutt, hard to find those nowaday

kek

3/10 americans dumb enough to give up tax fraud opportunity by claiming wealth and you all think you are genius hardworking members of society for saving 1 grand

Same but +20k in savings with no income at all.

I would need it when I end alone, and when it gets to 0 I would kill myself I suppose.

Just move here, everything is pretty much 5 times cheaper than in western europe.

The reason savings accounts are so important to banks modernly is that poorer people are generally bringing physical cash in toward them, and to a part of the stipulations to remain FDIC insured there has to be enough physical cast on hand to cover something like the top 5% or your richest account holdings at any given time against physical withdrawal.

So, you know that nice FDIC insured sign that told you that "you should chose this bank, we're secure!", ya that won't apply to 99% of the population 99.99% of the time.

>30
>no debt
>married and have 1 kid
>over 50k in savings

Git gud

If the government has all the money, why is it in debt?
Oh they wasted it, right. On american goods, services and other americans. Tax money goes back into the country.
Do you think untaxed corporate money goes back into the country?
Or maybe it enriches offshore banks?

Dunno OP, it's a fucking mystery
Who knows why the poor got poorer and the rich got richer? Tis a mystery.
But don't worry, as I understand it, it's all due to trickle down any day now

The 30%

>An economy which is solely based on spending and consumption
>saving

The dollar is like a boomerang. Throwing it away is only way to get it back. Damn this weed is good.

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Capitalism, or more accurately, unbridled Capitalism. Capitalism is like Science, it can be used for good and evil, and has to be harnessed in the right ways - the West is letting it run wild, at the expense of the average civilian.

Not just the US - I bet these statistics hold true over most countries following a Capitalist model.

Think about it logically - we live in countries that only care about fractions of % of growth - all pumped up through consumption. Success of countries is by and large focused solely on these fractional % GDP/growth/etc.

If you want the answer as to why the West wants third worlders - it's all to do with growth. More people = more consumption = more growth.

It's pathetic really. Countries should only care about keeping it's people safe and happy, but what's happened is countries have essentially turned into large businesses, only interested in profits.

I keep most of my money in cash, I only have ~500 on my account for easy bank card access. I figured you guys mean "savings" as in money you saved up.

What the fuck does that have to do with anything? Saving interest rates being shit means bank instruments do not make good investments, but that's not what we are talking about. We are talking about people that can't afford to fix a fucking flat tire, let alone provide for a family and participate in the economy in a beneficial way.

The headline might as well be 7 in 10 Americans are one shitty decision from being welfare state voters.

We have to find a way to fix these people. Just fixing the economy is only half of it though. Most of these people would be exactally as poor as they are now if we magically doubled their income.

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>inb4 too much money on smokes

The Fed.

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Because social media/culture say you have to have the l8est and gr8est iCuck 7+ etc.

>stop spending $100 a week on alcohol

I only spend about 30-40 on alcohal a week and that still is too much. But it is one of my only Vices.

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too much money on smokes

Feeling cold yet newfag?