Average savings across the globe

[Dart18]

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.

[1715331210]

1715331210

[btcmurat]

How savings are evaluated is very important. If people do that with Bitcoin, things can be different. If Bitcoin is seen as an investment tool, a new path for subcoins can be opened. We dream of such a new subcoin purchase. How will the future be shaped?

[supercanada1]

I'm around $5,000 in debt, started using credit cards to keep my money in Crypto. Didn't have a job, so that should lower the average a bit. But I'm getting there and hopefully in a few months I could start saving again. As far as the coins I have, they're pretty much worthless. Not even enough volume for anything.

This is really sad to know that you are in debt of such a big amount. If you have a collection of useless coins, I will suggest you to sell them off or simply get rid of them and try to earn bitcoin or worthy altcoins that have nice history of profits. You shall also search for some day job. Try working at some restaurant, in office etc. in order to at least earn something that you can invest into big coins and make money. 

[romero121]

Comparatively what an average saves from an Asian country seems to be higher than the USA standard. Though USA is rated to be the first world country the saving pattern doesn't looks to be upto the level. I believe Westerners prefer investing than savings. Due to hard inflation across the globe, more crypto people have begun to save in terms of bitcoin to limit the loss out of the inflation.

[X-ray]

yes because the tax in America is very high I guess or they charge taxes on anything, there are people who say you will be taxed when trading.
in my opinion it's very bad, because in trading you may not necessarily get money, in contrast to jobs that are sure to get a salary every month.

I think the taxes is just the same compared to other developed countries and any developed countries usually charges tremendous amount of taxes but if it's used for the good of their citizens it's not a problem. but it does make sense that people could be avoiding to save because taxes. However, being taxed for trading profit is normal in my opinion.

[awik p]

yes because the tax in America is very high I guess or they charge taxes on anything, there are people who say you will be taxed when trading.
in my opinion it's very bad, because in trading you may not necessarily get money, in contrast to jobs that are sure to get a salary every month.

I think the taxes is just the same compared to other developed countries and any developed countries usually charges tremendous amount of taxes but if it's used for the good of their citizens it's not a problem. but it does make sense that people could be avoiding to save because taxes. However, being taxed for trading profit is normal in my opinion.

trade is an activity, so it is natural to become a tax object by the government. I am surprised that many people avoid tax, even though they enjoy the tax facilities. therefore there must be a synergy between the community and the government to jointly develop their country through taxes, and provide strict penalties for corruptors

[Webetcoins]

Comparatively what an average saves from an Asian country seems to be higher than the USA standard. Though USA is rated to be the first world country the saving pattern doesn't looks to be upto the level. I believe Westerners prefer investing than savings. Due to hard inflation across the globe, more crypto people have begun to save in terms of bitcoin to limit the loss out of the inflation.

Not just they believe in investing but also they have high taxes. They pay a lot of taxes and government spends them on poor people and also on the ones who are paying them. Even if they are not saving a lot, most of the times they are getting enough from government to live a life above poverty line. The second thing i.e. investing it works great for them. In this way they let their money double. In Asia governments often do not have good control over taxes so people don’t pay them and save money.

[ubercool]

You should check third world country values in order to make an average. I don't think African people earn that much because of their issues. Another thing is that American people spend more than Asian people so it would be nice to see an average according to continent.

[gentlemand]

Of the people I know most are hand to mouth but some have assets they could get rid of if necessary. I doubt many of them could survive a major hit or being without work for more than a few weeks.

The Man wants you to dig yourself into a hole so deep you'll never quite be able to get out of it but also not become a full on burden and many are happy to oblige. I've never been that way myself and would rather go without than stretch myself. 

[wxa7115]

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.

[Broly46]

Of the people I know most are hand to mouth but some have assets they could get rid of if necessary. I doubt many of them could survive a major hit or being without work for more than a few weeks.

The Man wants you to dig yourself into a hole so deep you'll never quite be able to get out of it but also not become a full on burden and many are happy to oblige. I've never been that way myself and would rather go without than stretch myself. 

Thats bs, your kids may have been on the life support before they even get into the world, you think would care about any single men to commit themselves? I’m telling you, all your kids would pay the debt, they may not pay it by sending cash to the govt, but indirectly, think of the shrinking salary, loss of job opportunity, lower living standard, lesser child support funding, lesser medical support, the list goes on, that’s the price your kids gonna pay, you may not even know what I’m talking about.

[BronxCats]

I'm around $5,000 in debt, started using credit cards to keep my money in Crypto. Didn't have a job, so that should lower the average a bit. But I'm getting there and hopefully in a few months I could start saving again. As far as the coins I have, they're pretty much worthless. Not even enough volume for anything.

This is really sad to know that you are in debt of such a big amount. If you have a collection of useless coins, I will suggest you to sell them off or simply get rid of them and try to earn bitcoin or worthy altcoins that have nice history of profits. You shall also search for some day job. Try working at some restaurant, in office etc. in order to at least earn something that you can invest into big coins and make money. 

Yeah, it is pretty sad, but I learned my lesson. I do have a crappy job and I try to put $100 a week into Bitcoin. I do have many crappy coins, but they are literally not worth the time and effort. The time would be better spent working an extra hour here and there, or not taking a lunch break.

[AjithBtc]

You should check third world country values in order to make an average. I don't think African people earn that much because of their issues. Another thing is that American people spend more than Asian people so it would be nice to see an average according to continent.

With respect to continents the average spending varies. When it comes to Africa the earnings were low, when compared to other continent earning. Africa has got an outlook as countries with full of poverty and other economic issues. This is true, but the same is present with Asian and Western countries.