This is information as seen in a US Bank (SunTrust Bank) lobby today

1. Up to 76% of Americans live paycheck to paycheck (what you call ''from hand to mouth'' in Nigeria)
2. Nearly 50% of Americans could not come up with $2000 in the event of an emergency
3. Almost 27% of Americans have no savings at all
4. Close to 70% of American parents have no idea how much to save for their kid's college


How do these facts compare with similar facts in Nigeria?

At first I thought it was an advertisement because of where they said ''let's discuss your options to change your life for the better''. But when I inquired further they said these are true facts of life in America.

Adelaide2:
This is information as seen in a US Bank (SunTrust Bank) lobby today

1. Up to 76% of Americans live paycheck to paycheck (what you call ''from hand to mouth'' in Nigeria)

tell that to the civil servants in oyo state at least the americans get paid

Adelaide2:

2. Nearly 50% of Americans could not come up with $2000 in the event of an emergency

Yea neither can Nigerians I mean $2k is a lot of cheddar even oil worker sef go scratch head small

Adelaide2:

3. Almost 27% of Americans have no savings at all

Hmmm I'm surprised it doesn't say 100%, do Americans save?

Adelaide2:

4. Close to 70% of American parents have no idea how much to save for their kid's college

Jesus! Do you know how much college education costs? This one no even surprise me at all besides student loans cover that sh*t

Adelaide2:

How do these facts compare with similar facts in Nigeria?

I just did
Moral of the story: I love naija and yea yankee is hard and all buh dude if u get chance travel, no wind yourself TRAVEL!!!

Even at that, they still have a good standard of living, Nigeria standard of living is very poor, even wen we had the biggest economy in Africa during gej era, it didn't show in d life's of ordinary Nigerians, our standard of living was still poor then and now.

Fall equivalence. Over 60% of Naija earn less than $2/day
Over 75% of Americans have savings in 401K, stocks,annuities, life insurance, mutual, CDs, IRA.
They might not have $2000 in their bank accounts but might savings/investments account of over $100k. They're not cash/liquidity-minded like Naija

forreelinc:


tell that to the civil servants in oyo state at least the americans get paid


Yea neither can Nigerians I mean $2k is a lot of cheddar even oil worker sef go scratch head small


Hmmm I'm surprised it doesn't say 100%, do Americans save?


Jesus! Do you know how much college education costs? This one no even surprise me at all besides student loans cover that sh*t


I just did
Moral of the story: I love naija and yea yankee is hard and all buh dude if u get chance travel, no wind yourself TRAVEL!!!

Lol! Been living here several years now, but fortunate to escape those scenarios (1-4). Certainly it's tougher in Nigeria (by far, I might add) than the US.

[quote author=adconline post=50008949]
Over 75% of Americans have savings in 401K, stocks,annuities, life insurance, mutual, CDs, IRA.

The statement was about having 2000K to use under an emergency. Those sources of income you listed cannot be available under emergency.

Make I park for here.

[quote author=Adelaide2 post=50009064][/quote]
Not having $2000 is not a yardstick for measuring wealth. Those assets can always be monetized unlike in Naija where most people live under $2/day. Btw, $2000=N1m in Naija, how many can boast of having N200k emergency fund in Naija? A few weeks ago, an engineer with Halliburton was asking me for N150k to pay his child's delivery in a hospital.

Don't give us reasons to be complacent and accept this suffering and no hope situation as a way of life but rather give me a reason why I should fight for a better life for myself and generation. America is not a yardstick for where I should be.....

Emancipate yourself from mental slavery and let's evaluate ourselves with our achievements so far with better comparisons and not reasons for complacency.

Honey, u can't just compare Nigeria to America. Just. Don't.

Ever heard of a phrase called "social security"? Ever heard of a thing called "section 8 Housing"? Ever heard of "Dole" "WiC" and "food stamps"?

Go study these ones first. You'll know that suffering in America doesn't compare to suffering in Naija.

Adelaide2:
This is information as seen in a US Bank (SunTrust Bank) lobby today

1. Up to 76% of Americans live paycheck to paycheck (what you call ''from hand to mouth'' in Nigeria)
2. Nearly 50% of Americans could not come up with $2000 in the event of an emergency
3. Almost 27% of Americans have no savings at all
4. Close to 70% of American parents have no idea how much to save for their kid's college


How do these facts compare with similar facts in Nigeria?

In spite of this baloney isnt it ironic thay you see Nigerians queuing up day and night at the American embassy to get out of this place?

MrsPhyno:
Honey, u can't just compare Nigeria to America. Just. Don't.

Ever heard of a phrase called "social security"? Ever heard of a thing called "section 8 Housing"? Ever heard of "Dole" "WiC" and "food stamps"?

Go study these ones first. You'll know that suffering in America doesn't compare to suffering in Naija.

gotcha

Poverty is no respector of countries.