Editor: Vladimir Bajic | Tactical Investor
” A key sign of financial health is savings; if one does not have a decent amount of money tucked away for a rainy day it is a sign that all is not well. Americans have a very hard time sticking to a budget; compared to their Asian counterparts, Americans are undisciplined when it comes to saving money.
This is reflected in the startling revelation that over 62% of Americans do not even have $1000 in savings. Foreigners are shocked when they find out that Americans have so little money saved for a rainy day. In terms of savings, America is worse than many developing nations and in fact, the middle class in many third world countries have more money saved than the average middle-class family in the US. ” 1st World Corporate America & Third World Regular America