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Home > Forums > The Open Forum
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A better way to look at this is..."What % of their wealth do they pay in taxes?" and how much is

Author: TyroneIrish  (24199 Posts - Joined: Oct 8, 2020)
Posted at 4:12 am on Apr 15, 2026
View All

left to meet their "Needs"?...as opposed to those who are (much) less wealthy...maybe Trump is unconcerned about "Affordability", but most Americans are, and unless the dynamics of our Wealth Gap change dramatically, America is on track for a major shakeup...the Status Quo won't cut it.

Here is another AI Summary perspective...
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Approximately 21% to 27% of American adults have no emergency savings at all. Furthermore, about 43% of Americans cannot cover a $1,000 emergency expense using savings, and 69% report having less than $1,000 in savings. Financial vulnerability is high, with 58% having the same or less savings than a year ago.

Key Savings and Emergency Fund Data:
No Savings: 17% to 27% of U.S. adults have zero emergency savings.
Low Savings: Nearly 70% of Americans report having less than $1,000 in savings.
Emergency Inability: 43% of Americans could not cover a $1,000 emergency expense, such as a car repair or medical bill, with cash or savings.

Impact of Inflation: 57% say high inflation and rising costs have prevented them from contributing to savings.
Generation Gaps: Younger Americans are more likely to lack savings, with 34% of Millennials and 29% of Gen Z reporting no emergency savings.

Generational Breakdown of No Emergency Savings (2025/2026 data):
Millennials: 34% have no emergency savings.
Gen X: 31% have no emergency savings.
Gen Z: 29% have no emergency savings.
Baby Boomers: 16% have no emergency savings.

These findings indicate a decline in savings from previous years, with many Americans living paycheck to paycheck or relying on debt for unexpected costs.
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Replies to: “A better way to look at this is..."What % of their wealth do they pay in taxes?" and how much is”

  • if only the rich paid their fair share [NT] [LINK] - WestCoastIrishFan - 1:39am 4/15/26 (1) [View All]
    • A better way to look at this is..."What % of their wealth do they pay in taxes?" and how much is - TyroneIrish - 4:12am 4/15/26

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