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Why Are Americans So Bad at Saving Money?

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If money is the root of all evil why am I broke? Also, this video is misinformation
Comment from : @RedRumOnE

At 25 years of age Start investing $25 per week over the next 30-35 years in a good growth mutual fund and watch what happens You will be able to retire with dignity It is just that easy
Comment from : @pgppe9488

Americans are bad people they are infidels they love to hurt innocent people like me who especially has done nothing wrong to anyone i want everyone to see this post message
Comment from : @plaguedoctorblackmaskx8489

Lack of impulse control, like children
Comment from : @blackcitroenlove

Cant get rich SAVING PENNIES!??? Hahaha hahahaha
Comment from : @tonybranson7916

People dont allow the advertising industry to fool you with buying expensive stuff you cannot really afford out therebrLive within your means and become very happy our there
Comment from : @jamesbedukodjograham5508

Good old Savings Account are very important for an entire economybrI believe that Ghana and the rest of the Continent can become more wealthy when we do save our cash to prop up the economy in all spheres of life
Comment from : @jamesbedukodjograham5508

for me health care costs and inflation are killing me
Comment from : @rp338

Short answer because everything is for sale and there are always newer and better versions of everything you own!
Comment from : @OGOD97

Instead of eating out, buy groceries Instead of shopping at the mall for nice things, there are fashion companies that sell good clothes for cheap Instead seeing your children as a financial savor, save some money yourself in your retirement
Comment from : @deonambrose

It's not that Americans find saving difficult America's policy of consumerism works against saving money and accruing wealth
Comment from : @CelticVictory

Looking at this now, it seems Millennials are saving money You can't blame them since our economy is bad and jobs tend to pay people enough to just live hand to mouth in living expenses businesses that depend on consumerism will end up dying out, and this country deserves it because employees don't invest enough in their employees to support it
Comment from : @yamchayaku

Who cares if you look to be poor? Saving so much fun, don't you feel happy seeing your bank account number increase? No? Just me?
Comment from : @antoniusevan3722

Simple we work and don’t invest in stocks, bonds and crypto Download the acorns app and start investing
Comment from : @bohemianchic638

any source on the cartoons used in the video?
Comment from : @lotus630

covid has arrived and biggest companies go easiely bankrupt because they dont save money for they company and dont give it for they employees they give the money to the shareholders(stockmarket)
Comment from : @lordtraxroy

Well my while family can't save But me ive been working for 2 months and earned 2,000$ from just being a cashier and cooking Been saving my goal is 10k
Comment from : @zom7724

I love to see all the working class guys driving 50 K pick up trucks and these guys do not need a truck for workwith a lot of those trucks nothing ever goes into the pick up bedjust these morons driving a lifted truck in their form fitted baseball caps thinking they are cool with no money to their namedriving a down payment to a house
Comment from : @US_ARMY_25_INF_DIV

Credit Plus, people spend wayy too much on new cars that depreciate at a swift rate
Comment from : @bobmarker6812

Feminism, student loans and consumerism
Comment from : @itsrelativ3967

Income has been stagnant while the cost of living increases forcing us to take out loans which puts us in debt and makes the bsnks rich Most Americans that actually have money saved have credit card debt
Comment from : @dicomohio4743

Americans over spend and buy stupid stuff they don't need like fancy rims, expensive clothes, luxury cars, and big houses Even people with decent income cant save anything and its their own fault
Comment from : @Foomanlol

Americans don't need to save money because other countries keep their savings in the US Stockmarket
Comment from : @nachannachle2706

My fiance, loves to spend I get called cheap because I love to save never been to into tennis shoes, or exspensive clothes that never Impressed me one bit
Comment from : @deonbracey9002

Its not all of us, just some people
Comment from : @idkwhatagoodnameis0

One point to add is that when people found that life is getting expensive ,they gave up and stop saving,brPeople can always save if they can't increase income can minimize expensesbrBy the end what a human needs first:brFood brAccommodation brEducation brbrDon't forget to enjoy simplicity and satisfaction
Comment from : @rachidlasfar9653

They hate us
Comment from : @eddiejohnhurst1

It isn't inequality It is the culture change AND the comfort of our society
Comment from : @marksuave25

I'm twenty one years old and I saved 7000$ I want to know is that okay ?
Comment from : @hamzasvlogs6138

Just turned 26 have 60K in savings, 10K in stocks, and 20K in Crypto was alot more in January lol
Comment from : @johnsmith-pk8bq

1 They don't Invest in Mutual Funds, Saving Accounts don't Protect from Inflation, 2 They Buy to Much Expensive Stuff that They don't Need like $600 Sneakers, 3 over Use of Credit Cards Wich are Really Debt Cards, Pay You Self First by Investing in a Mutual Funds,
Comment from : @ManuelPinner

Here is a question for you, that was quoted by a famous psychiatrist"Why, if Americans live in such a wealthy nation, have I met so many sad and unhappy people?"
Comment from : @waynem7634

I save 30 of my check every week
Comment from : @Christof708

corporate elites have manipulated the masses to spend every penny they have and even take on debt! smh
Comment from : @yazmut

We Asians save 40 of our income 😐
Comment from : @mebansharaisantasticokhong7312

bbuys newest iPhone, demands 2 room apartment, eats out a lot, complain about being broke/b
Comment from : @jasonchen244

U wonder why prefer haitian girl they work hard
Comment from : @akumasin9067

Ne! Yo guys are thinking too much about moneybrMe! Yo are rich, 3 meals daily br Im poor, close me doors and bangs wife instead of meals
Comment from : @TheComrad

Haha wealthiest country in the world, I can't stop laughing
Comment from : @flmabe1225

im 27 and have already saved $90,000 I think its not enough for retirement but its a good start
Comment from : @CharlesCampo1

I work at Walmart and I have money saved The sad part is I work with a lot of elderly people that should be retired by now and are in very bad condition They don't have money saved up and they said I'll just have to work until I die
Comment from : @foreverafterarts8153

Last year I reserved an additional $23,000 So far this year, I’ve captured over $7,300 🏛
Comment from : @tonysteel1377

Divorce makes American men broke
Comment from : @Worldtravelerr78

The fault lies two fold: the consumer culture that exploits human psychology and how people are creatures habit and how people are thus conditioned to be impulsive and to seek instant gratification; and the American people's failure to acknowledge the predatory brainwashing and social engineering for what it is and to rebuke/resist against it Both are to blame
Comment from : @arminiusofgermania

facts americans people having Problem saving money
Comment from : @akumasin9067

Because we have been brainwashed to go into debt for college, get married after graduation to someone who also went into debt for college, make babies with them while we are still in debt, and feel the need to go into more debt for a house because now we have a family All of that leads to credit card usage that spends out of control, which leads to home equity loans to pay off the credit card debt 15 years later we have two mortgages and are upside down on at least one car and still have the student loan debt Now we are considering bankruptcy but that doesn’t solve our real problem which is our relationships with money So we go right back in debt just to do it all over again
Comment from : @BlackMenAreDope

Artificially low interest rates
Comment from : @spiritgoldmember7528

no people are getting dumber thats why
Comment from : @fightfannerd2078

It's easier to save when you are rich than when you are poor
Comment from : @pascalxavier3367

Does this potentially have to do with credit cards? I know a good amount of people who just spend whatever they want without checking their balance Even worse: brThey have multiple credit cards at multiple banks which can get them in serious debt when overspending It's one of the reasons people in Germany love actual money in their pocket that they can count when shopping even though this is very old-school behaviorbrbrThat being said though: Americans own homes which is great for your retirement Germans have more savings, but less real estate since the majority rents
Comment from : @DerDudelino

If you can't save you are a moron who has a serious problem with self control Sure, the higher the income the higher the savings rate but at any income level you can manage to save at least a penny of your income
Comment from : @adrianomattia5625

I have to disagree More than half of Americans make around $30k per year that's just not enough to keep a family afloat AND save money This video makes it seem that Americans are at fault for not saving When you make next to nothing you have to use your money to survive I know because I lived a very long time at the bottom but now I have a gov't job with State retirement Only 17 of Americans have a pension I breathe easy now, but I didn't before I don't blame any of the majority Americans who are frankly poor for not saving It's the top 5 of Americans who caused all this
Comment from : @sniferlip

We indians and chinese nail it in saving
Comment from : @ishanbansal3560

I'll be sure to step over all of the homeless people on the sidewalk in 20 years who ran out of money because they didn't have any discipline or willpower Ignorant sheep
Comment from : @scotthandler3314

The real reason, I think, people don't save is because they don't save money when they are really young like 6, 7 years old Kids will do chores to get allowance, but they don't learn or understand the concept of saving money at this age They will want to buy toys, cards, comics, etc to satisfy their wants until they have no more money If parents told them the concept and they saved their money instead of buying alot of toys and such, the children will see a huge amount in their piggy banks or accounts Solution: Work and do chores as a kid while young, save the money and not spend it, or as much, let it add up overtime, and by high school or after, you'll see a huge difference
Comment from : @dudetocartman

working Americans have to foot the bill for bums on the dole who vote demorat
Comment from : @janebook294

Dude, I'm poor as hell And I blame myself entirely I don't blame ads, marketing, etc I blame myself for being too immature to apply myself to saving money on a regular basis and learning financial discipline I am in the beginning stages of building up an emergency fund and paying off some old debts, and I will be so happy when I finally reach my goals
Comment from : @ellensteinbrinck6307

I save money by not paying things I don't need and paying no expenses by living with parents I'm saving thousands
Comment from : @cheapbastard5580

Saving money with or without a bank account (preferably Checking) should be encouraged Saving $20 for 52 weeks is 1000 and change $40 for 52 weeks is 2000 and change, $60 for 52 weeks is 3000 and change, $80 for 52 weeks is 4000 and change, $100 for 52 weeks is $5000 and change etc Many of us can save more than that and others less but the goal is to slowly build your wealth
Comment from : @ogeidnomar4601

I would be considered lower middle class and I save half of two of paychecks I get paid weekly I am a minimalist as well and do not feel pressure at all to buy things to feel better about myself or to impress others To add more I am a vegan and am able to save even more and I guess saying I am currently separated from my lady allows me to even save more and the lastly I have no Children to worry about at the moment Any other man or woman in position can make the effort, it isn't hard, and investing in yourself should be a no brainer
Comment from : @ogeidnomar4601

Give us more interest on interest, and do not tax the latter
Comment from : @acajudi100

The wealth gap has NOTHING to do with the fact that American's are not saving money The real reason is that American's lack discipline to save The three things the Brookings Institute says individuals need to do to not be poor: 1) graduate high school, 2) wait to get married and do not have children out of wedlock, and 3) get a full time job That is it Work hard, live within your means, and set aside money for your retirement The cool thing is that these rules apply to anyone, regardless of background, race, religion, etc
Comment from : @ChazOswald

I'm a millennial who was raised by Jews who taught me the value of saving and earning money And I get anxiety when I see others who make less money spend more than me It's not just an American thing to spend money, but a cultural one
Comment from : @JustaGamerT2