Almost half of Americans couldn't last three months on savings

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  • Millie Bess ,
    Aug. 12, 2012 1:05 a.m.

    Capsaicin is right on target! What a brilliant young person to realize and actually act on such a necessary virtue! Too many people live only for today and find out that tomorrow is not what they had intended! If people would just set aside a designated amount each month and promise to never touch it until there is an emergency, and then to replace as soon as possible, we would all be better off.

  • Capsaicin Salt Lake City, UT
    July 21, 2012 3:47 p.m.

    I have a year (or more) saved up. Please tell me why people do not? Because they are more interested in the latest and greatest and in having everything than staying home and making do with what they already have. I have family who went from boom to bust in just a couple years. Did they ever have savings comparable to their income? Nope. They blew it all. Now that they are making 1/3 of what they used to, it's hard to have sympathy. Plan for the future. Don't just think about it. Plan for it. Because there are always ups and there are always downs...unless you're the 1% with more spendin money than you could spend in a lifetime.

  • Caprice PROVIDENCE, UT
    July 20, 2012 7:07 p.m.

    Wonderful article! It's true that Americans have not been good savers for many decades. Our sluggish economy and increasing costs for maintaining a home have made saving a last priority. I appreciate your excellent suggestion to "pay yourself first through direct deposit." People should have money taken directly from their paycheck and put into a savings account specifically for an emergency fund." This wise idea helps us put money away for an emergency before we are tempted to spend it on something else. We need to force ourselves to learn to get by on less.

  • JSB Sugar City, ID
    July 20, 2012 9:28 a.m.

    I wonder what the percentage of savers is in Utah. With all the stress LDS church leaders place on staying out of debt and saving for a rainy day, do Utahns follow that advice very well?

  • NedGrimley Brigham City, UT
    July 20, 2012 8:33 a.m.

    That's what the contiued entitlement attitude in this country brings. Oh, and the government's willingness to provide handouts at the drop of a hat. And it's net going to get better any time soon.