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Chase – as in JPMorgan Chase – does not understand why Americans do not save! But many Americans, including Elizabeth Warren, have ideas.
In a ridiculously ridiculous tweet now removed, Chase's official account offered some tips (associated with the #MondayMotivation hashtag) to Americans looking to create a savings account: just stop taking a taxi, get it Go to the restaurant and buy takeaway coffee.
It does not matter that 4 out of 10 adults can not even cover an emergency expenditure of $ 400, according to a 2016 report from the Federal Reserve. And that does not prevent the United States from finishing 19th for three consecutive years in a comprehensive analysis of the security of pension funds. It's your iced coffee that is draining your savings account!
Many Twitter users commented that Chase's tweet made it much easier for Americans trying to save money. And many of them also criticized JPMorgan Chase for receiving a $ 25 billion bailout from the government during the 2008 financial crisis. Maybe Chase should have just cut taxi fares?
Senator Elizabeth Warren, a major Twitter user, gave Chase her own advice, stating that wages stagnated in the United States as the cost of living rose, employers "not paying a living wage."
Chase – as in JPMorgan Chase – does not understand why Americans do not save! But many Americans, including Elizabeth Warren, have ideas.
In a ridiculously ridiculous tweet now removed, Chase's official account offered some tips (associated with the #MondayMotivation hashtag) to Americans looking to create a savings account: just stop taking a taxi, get it Go to the restaurant and buy takeaway coffee.
It does not matter that 4 out of 10 adults can not even cover an emergency expenditure of $ 400, according to a 2016 report from the Federal Reserve. And that does not prevent the United States from finishing 19th for three consecutive years in a comprehensive analysis of the security of pension funds. It's your iced coffee that is draining your savings account!
Many Twitter users commented that Chase's tweet made it much easier for Americans trying to save money. And many of them also criticized JPMorgan Chase for receiving a $ 25 billion bailout from the government during the 2008 financial crisis. Maybe Chase should have just cut taxi fares?
Senator Elizabeth Warren, a major Twitter user, gave Chase her own advice, stating that wages stagnated in the United States as the cost of living rose, employers "not paying a living wage."
The presidential candidate of 2020 is one of the most public and persistent enemies of the financial sector. In 2015, for example, Jamie Dimon, CEO of JPMorgan Chase, said Warren simply did not understand the banking system.
Warren, who helped found the Office of Consumer Financial Protection, responded that they were afraid of her.
"The problem is not that I do not understand the global banking system," Warren told HuffPost. "The problem for these guys is that I fully understand the system and how they make their money. And that's what they do not like at home.
In a recent New York Magazine article on Wall Street Democrats, Warren was named as the Wall Street boogeyman.
"She would torture them," a banker told the magazine.
"Warren scares their hearts," said another.
Chase quietly removed his tweet Monday afternoon and said his own #MondayMotivation was going to tweet better.
Coverage: Democratic presidential candidate Senator Elizabeth Warren, D-Mass., Speaks at a forum on labor issues organized by Service Employees International Union on Saturday April 27, 2019 in Las Vegas. (AP Photo / John Locher)
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