Federal Reserve studies indicate that 10-15% of the US population can’t save money due to fundamental financial realities. That is, the necessary expenses of an ordinary lifestyle consumes all of their income. That is tens of millions of people.
There is another ~30% that expand their lifestyle to consume all available income. Not saving is a choice for this part of the population.
There is another ~30% that expand their lifestyle to consume all available income. Not saving is a choice for this part of the population.