70% of Russians Have Savings, while 70% of Americans Live Paycheck to Paycheck — Jon Hellevig,

70% of Russians have savings, that will see them through 1- 2 months without other income. In the US, on the contrary, 70% have virtually no savings.

 In America, the bottom 55% have zero savings, while the following 24% – the core of the former middle class – have only $1,000 stashed away. A 2016 report, two-thirds of Americans are not able to afford even a $500 emergency cost of any sort. A staggering 78% of full-time workers are reported to be living from paycheck to paycheck. – However, the US has a very developed corporate welfare system, with most large corporations receiving regular IV injections of bailout money....

And very importantly, in addition to that, Russians have very little personal debt, negligible amounts compared with US households....

Precarity ratio.

Russian Faith
70% of Russians Have Savings, while 70% of Americans Live Paycheck to Paycheck

Jon Hellevig, Founder of Awara Group