Do you have a personal bank account with more than 100k?
 

poll

are the respondents poor?

Yes

If we had more Asians here, the number of big savers would be higher. As it is, we have a bunch of haoles who live hand to mouth.

1. Most of us aren't that old
2. Most of us don't have our assets tied up in bank accounts

what percent of your money is liquid? (i.e. savings and money-market)

Single biggest asset is equity in my home. Next biggest is 401k. Third biggest is my savings account but it ain't even close to my 401k balance. I'm not very liquid at this stage in my life.

Do you pay "extra" into your home every month?

For me, roughly speaking, my equity in my home, 401k, and savings are about equal.

But I plan to buy another home, so that's why we have focused on savings.

Actually, probably not enough.

It seems to me that raising the FDIC limit to $250k is a pretty meaningless gesture - kind of like your typical American wedding these days. I don't know very many wealthy people, but the few I do know wouldn't even think of putting over $100k in a single account.

Those of you with financial acumen, is there really a non-symbolic usefulness to this act? If not, and we are truly in a "crisis", why are they wasting time on this type of nonsense?