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VGPolyglot on 30 January 2018
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DonFerrari said:
VGPolyglot said:

I've got numbers to back it up:

https://www.cnbc.com/2017/09/13/how-much-americans-at-have-in-their-savings-accounts.html

75% of Americans have less than $10,000 in their savings account. I also don't know how many of the ones that do could just afford to put in 10k to start a business.

 

Also, considering that Brazil's economy is much lower per-capita than the US, I have a feeling it's even less likely in Brazil:

http://www.nationmaster.com/country-info/compare/Brazil/United-States/Economy

And do 75% of the americans not own a car that they could sell? That alone would make the 10k... and considering the average earning of the Americans is like 6x this per year, their lack of savings is much more on how they manage their money than the lack of making that money.

Also if you read again "group of people saving 10k" so it isn't a single person. And again look more and you'll find that a lot of these americans (and brazilian) started their business even though they don't have 10k in savings.

The average commute to work necessitates a vehicle:

http://www.prb.org/Publications/Articles/2014/us-commuting.aspx

So they can't just sell them.