Dad just told me he's never had more than $8k in the bank

>dad just told me he's never had more than $8k in the bank
>he's 48 years old
This is insane to me, I had like $10k saved while in university

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your $10k is worth like $750 to him
his $8k could comfortably secure a house, a car, and a stay at home wife and kid(s).
They stole your future and kicked you in the mouth, and you're acting smug about it?

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Look at mr. moneybags over here!

literally the dumbest post i've ever read

I guarantee you're living like someone who's broke as fuck. He lived solidly middle class. Have some awareness of your situation.

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>He lived solidly middle class.

You been hanging out with OPs dad again faggot?

I'm pretty close to his age and understand. We weren't taught or incentivized to save money. Our parents' generation believed that the conditions that existed for them would always exist and didn't expect us to do more than finish school, work some job for 30 years, get married, by a house and everything would be fine.
Wasn't a need for savings. His parents probably understood that, but we grew up with easy credit and just assumed having assloads of debt was normal.

>My dad pays for my stuff and I save my money

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Can someone explain the math here to me I'm afraid I don't speak retard, how is 10,000 = 750?

Your dad is a low inhibition chad
Your a virgin incel

This is like 80% of the people

>acting smug when his retardation runs through your veins
lol

>his money isn't working for him just wasting away in a bank losing 30% of its purchasing power every year compounding

you're not saving any money. nobody is. you cant save money in a bank. either invest it or spend it. cpi numbers are bullshit but even if you believed them, losing 8% a year is bad enough as it is.

year 1 of 10k saved in the bank: purchasing power down 30% now worth 7k
year 2: 4.9k
year 3: 3.4k

after three years of "saving" your money you're back down to a third of what you started with

housing and food is about 30% more expensive every year

my dad makes a lot of money. i don't know how much exactly but hourly at least 3 to 4 times minimum wage. only he lives like hes on minimum wage and hes broke all the time. why? because he saves all his money, essentially every dollar he earns he puts in a bank so it can lose 2/3 of its purchasing power before he actually spends it. he's too much an npc to even notice or understand, he just puts money in bank because he was told to and hes a good boy.

savings accounts are a fucking joke, 1% apr while you lose 10-30% of your purchasing power. WOW THATS FUCKING RETARDED
THINK PEOPLE THINK
fuck you if you have a savings account, this is why you're poor

My parents got a huge loan for a house in the form of one foreign currency loan (now banned) and two state loans with zero payment up front.
And I myself have to put up 30% just to get a loan and that's not a condition from the bank, it is from the new law passed this year. So yeah saving is unavoidable now, boomers had it nice...

>anons dads on Any Forums are in their 40s

Suddenly at 34 I feel way too old for this place

Rich people keep little cash.
>cash equivalents...

I’m 23 and yes you are too old for this place, I’m just about at the limit.

Maybe your dad owns lands, bonds, stocks while you own nothing but 10k in the bank.
I tell my parents I barely have money, but that cuz I keep buying crypto with it.
MATIC QANX LINK KDA are some of my latest buys