Post
Topic
Board Economics
Re: Average savings across the globe
by
wxa7115
on 19/12/2019, 21:48:18 UTC
The average personal amount of savings are between $ 2,900 for the USA and ¥ 5,806,554 for Japan. The USA comes last in our ranking, but their neighbor Canada is one of the richest countries regarding personal savings.

https://www.expertmarket.com/focus/research/countries-that-save-the-most-money


That tells how bad their economy really is.
I hear stories from people there. They might be the strongest country as some would say it but people who live in it are not that rich.
They have to work so hard just to make a little money and then they need to pay a lot of bills including insurance and mortgage.
Some of them just migrates in Asia when they retire.
Their money in exchange for countries there is better and they could live in peace.
$2000 is a lot when you are in a different country. That is monthly.
The lack of savings is something that we are seeing all around the world as that study demonstrates, and this has to do with the ideas people have about what it means to be happy, many believe that in order to be happy you need to spend money and that you need to always have the latest gadget and the newest smart phone and that if you don't then you are a loser, also many people have the attitude that you only live once and that you need to enjoy your life as much as possible.

They do not really understand that if you hold your finances in check and that you save over the long term not only you are going to have more of that stuff but you are going to be able to retire early and in a more comfortable manner.