Over half of Americans say they're not even close to financial freedom
Over half of Americans say they're not even close to financial freedom
Over half of Americans claim they're nowhere near achieving their definition of financial freedom, with 36% saying they have less than $1,000 in their savings accounts.
About 36% of U.S. adults say they have less than $1,000 in their savings accounts.
For analysis of the political views of that media: https://ground.news/article/over-half-of-americans-say-theyre-not-even-close-to-financial-freedom
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If the respondents are defining "financial freedom" of course they're going to say they don't have it.
I make a decent salary and I would still say I don't have financial freedom.
That's because financial freedom is defined by social safety net (for non-bourgeoisie).
It's not something that you earn as an individual, but achieved as a society.No matter how much money I have, I won't be financially free until the day I officially RETIRE. As long as I have to work, I'm not free.
A bunch of people say they do have it, though. A "decent salary" (also self-defined) doesn't guarantee financial freedom because of things like debt, the astronomical cost of healthcare, and the fact that you'll never be able to comfortably retire unless you're a literal multimillionaire.
what is financial freedom? like, never having to worry about money?
because even billionaires aren't financially free then.
Financial Freedom is owning enough capital to not have to actually work.