Lots of money to spend and yet saving for retirement is still woefully inadequate, emergency funds are low or non existent and millions of Americans claim to live paycheck to paycheck.
How many different Americas are there?
Americans are splurging on the activities they skipped during pandemic lockdowns, such as travel, concerts and dining out. Businesses are staffing up to satisfy the pent-up demand. Goverment policies in response to the pandemic—low interest rates and trillions of dollars in financial assistance—left consumers and businesses with lots of money and cheap debt. The same inflation that so worries the Fed translates into higher wages and profits, fueling spending.
By Sarah Chaney Cambon………….Wall Street Journal 6-5-23
QUINNSCOMMENTARY 
What about those who dont get over a thousand in SS.. i get maybe 700…which most goes for rent.. u tell me..how am i to save ?? i cannot even put away $20..something comes up..where I have to use it… its not easy..ok??
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We save just over 20% of our income for retirement, so we don’t afford to travel. Instead, we go to the grocery store, cook at home, and eat well.
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That’s the way to do it, save first, don’t end a month with a credit card balance and then spend what’s left as you like. Your budget is set for you.
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