You look at the bottom 50%, zero savings. And when you factor out government transfer payments for food stamps and welfare and all the rest, negative savings rates. Half of America has less than $1,000 in savings. The average is $600. Now seriously, could you imagine going home tonight and going, I only have $600. I'm one missed check and I'm in trouble. (52:35–52:40)
CLAIM
Asserts that half of Americans have savings of less than $1,000.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
