American families are on financial thin ice - Jan. 29, 2015
According to this the average middle income family has only 21 days of cash or cash-equivalent funds available and 119 days if they liquidated all retirement accounts. It doesn't say how or if penalties and taxes are included in these calculations.
It also states high earners (essentially those making at least six figures) have only 52 days of cash on hand.
Perhaps the most interesting thing of all to me is the comments. There seems to be such a sense of entitlement to a lifestyle beyond one's means. Also, a lot of rationalization ("doing it for the kids", etc.).
According to this the average middle income family has only 21 days of cash or cash-equivalent funds available and 119 days if they liquidated all retirement accounts. It doesn't say how or if penalties and taxes are included in these calculations.
It also states high earners (essentially those making at least six figures) have only 52 days of cash on hand.
Perhaps the most interesting thing of all to me is the comments. There seems to be such a sense of entitlement to a lifestyle beyond one's means. Also, a lot of rationalization ("doing it for the kids", etc.).