The simplicity with which Sen Sanders approaches problems continues to amaze me. He has the ability to make a statement or draw a conclusion completely detached from facts, circumstances and most important the actions of individuals. Here is the latest example.
How did it happen … that 40% of Americans “cannot afford” a $400 emergency fund?
It’s not a matter of cannot afford at all. For the overwhelming majority it’s a matter of spending and saving priorities. Perhaps you cannot afford to spend $20 a week on lottery tickets, or $250 on a tattoo or $25 to get a manicure or $28 a week at Starbucks … but many, many people do anyway…even while they cannot afford even a modest emergency fund.
Perhaps we need to ask ourselves how it happened that 40% cannot save $400, but can afford to spend $1,000 a year on a pet.
You see there is no joy in saving, no fun in a emergency fund, no instant gratification or showing off to others.
I wrote about all this spending while there is no money to save once before.
You might want to take a look at “FAREWELL MONEY“