Just Sociology

Media Bias and the Problem of No Savings: A Multi-Faceted Approach

The American media landscape is often criticized for exhibiting political bias, particularly concerning its coverage of politics and economic issues. This article delves into the topic of media bias in American media and discusses two subtopics related to this issue.

The first subtopic examines right-wing bias in American media, particularly with respect to its promotion of a pro-capitalist, pro-business, and neoliberal policy agenda. The second subtopic focuses on agenda setting and bias in news articles, particularly in the context of content analysis that highlights the precarious financial life of many Americans and the unequal national income distribution.

The second main topic explores the analysis of a news article on savings in America and highlights two subtopics. The first subtopic examines bias in the article, particularly in its right-wing and neoliberal lens and individualizing the problem.

The second subtopic explores the lack of emphasis and consideration of low-paid jobs, inequality, and state intervention in the article.

Right-wing bias in American media

American media has been long criticized for exhibiting right-wing bias by promoting a pro-capitalist, pro-business, and neoliberal policy agenda. This agenda is typically promoted through the editorial stance and political affiliation of mainstream news media outlets, such as Fox News, The Wall Street Journal, and The Economist.

These outlets frequently frame issues in the context of free-market capitalism and individualism, positioning government intervention as a barrier to economic growth and prosperity. This perspective is evident in their coverage of issues such as tax reform, minimum wage laws, and social safety net programs.

One key example of this right-wing bias is the coverage of the 2017 Tax Cuts and Jobs Act, which was promoted by the Republican-led Congress and signed into law by President Trump. Major news outlets frequently portrayed the tax cuts as a boon to the middle class and a catalyst for economic growth, while downplaying the benefits to the wealthy and the potential harm to social safety net programs.

This coverage ignored the fact that a significant portion of the tax cuts went to corporations and the wealthy, while leaving the middle and working classes with relatively little relief.

To counter right-wing bias in American media, it is crucial to promote a diversity of perspectives, particularly from independent outlets and non-profit organizations.

Such perspectives can offer a more nuanced and critical perspective of government policies and their impact on the broader population. Additionally, media consumers should encourage and support outlets that prioritize investigative journalism and data analysis that uncover the true impact of policies on the economy and society.

Agenda setting and bias in news articles

Agenda setting and bias in news articles are common phenomena in American media and can have significant impacts on public perception and policy. News articles frequently frame stories in ways that influence the interpretation and understanding of events, particularly with respect to political and economic issues.

Analysis of news content often reveals subtle biases that are perpetuated through the framing of issues. One area where such bias is evident is in coverage of savings and personal finance.

Content analysis of mainstream news coverage reveals that such coverage is typically framed in the context of individual responsibility and lifestyle choices, ignoring the structural factors that contribute to precarious financial life for many Americans. Such factors include low wages, income inequality, lack of access to affordable healthcare, and limited social safety net programs.

This framing ignores the reality that financial problems often arise from external factors beyond individual control or decision-making. To address this bias, it is crucial for media outlets to provide comprehensive coverage of the structural factors that contribute to financial insecurity, rather than focusing solely on individual behavior.

Such coverage should consider data analysis and qualitative research that highlight the experiences of those affected by economic inequality and structural barriers.

Analysis of a news article on savings in America

News coverage of personal finance and savings often reinforces dominant neoliberal discourses that place the burden of financial security on individuals. In this context, a recent article published by CNBC titled “Americans Aren’t Saving Enough for Emergencies – Here’s How to Fix That” is worth examining.

Bias in the article

The article exhibits a clear right-wing and neoliberal bias, promoting individual responsibility for financial security while ignoring the structural factors that contribute to financial insecurity for many Americans. The article is illustrated with images of people stockpiling cash at home and encourages readers to contribute more to their savings accounts.

The article suggests that if Americans simply took on more work or cut their spending, they could save more money and avoid financial insecurity. The article fails to acknowledge the reality that many Americans are low-paid, working multiple jobs or facing challenges such as lack of affordable healthcare or predatory lending.

Lack of emphasis and consideration in the article

The article also lacks emphasis and consideration of the broader socioeconomic factors that contribute to financial insecurity. The article never mentions low-paid jobs, wage stagnation, or the fact that many American households face significant debt burdens.

The article ignores the potential role of government intervention, such as tax policies or social safety net programs. The article also fails to consider the impact of structural barriers, such as discrimination, on the financial wellbeing of marginalized groups.

A more comprehensive and balanced approach to news coverage of savings and personal finance should acknowledge the broader socioeconomic factors that contribute to savings and financial insecurity. News coverage should also consider the impact of government policies and structural factors, such as systemic racism or income inequality, on financial outcomes.


Media bias in American media is a complex issue that requires a nuanced and critical approach. This article highlights two subtopics that demonstrate the extent of the problem, particularly with respect to right-wing bias and agenda setting in news coverage.

The second main topic explores the analysis of a news article on savings in America, highlighting the need for a more comprehensive and balanced approach to news coverage of personal finance issues. Ultimately, a diverse media landscape that includes a range of perspectives is crucial to promoting media literacy and informed public discourse.

Reasons why Americans have no savings

Despite the importance of saving for emergencies and retirement, many Americans are struggling to build up a savings cushion. This subtopic explores the reasons why Americans have no savings and highlights two key factors: consumption and spending habits and economic and social factors.

Consumption and spending habits

One major reason why Americans have no savings is due to their consumption and spending habits. Americans, on average, are consuming too much and saving too little.

This is driven by a culture of consumerism where people have been led to believe that they need the latest gadgets, cars, clothes, and holidays to lead a happy life. As a result, most Americans struggle to control their spending, leading to a situation where there is little or no money left to save.

Another significant contributor to Americans’ lack of savings is the high levels of household debt. Although some debts, such as a mortgage, are considered good debt, many others, such as credit card debt, personal loans, and student loans, can hamper the ability to save.

Americans are avoiding debt but are unable to prevent themselves from being caught in a debt trap. Finally, homebuyers are saving for their down payment that often makes it tough to keep money in the savings account.

The average cost of a home in America has gone up, and buyers are finding it harder to save in order to finally purchase a home. Many Americans are finding it impossible to strike a balance between saving for the down payment and building up an emergency fund.

To address this problem of consumption and spending habits, individuals must learn to track their expenses and practice budgeting. Automatic saving is another way to accumulate savings over time.

Americans can also take advantage of employer-sponsored retirement plans, such as 401(k)s, to automatically save for retirement.

Economic and social factors

Beyond consumption and spending habits, Americans’ lack of savings can also be attributed to economic and social factors, such as precarious jobs, unequal wealth distribution, low-paid jobs, and lack of government intervention. Many Americans are caught in precarious jobs or the gig economy, a work arrangement where workers are hired on a project-by-project basis, often without benefits or job security.

This type of work restricts the ability of workers to save for the future. Another factor that affects Americans’ ability to save is the unequal distribution of wealth in America.

The top 10% of households own roughly 70% of the nation’s wealth, while the bottom 50% owns less than 2%. This wealth gap means that many Americans have little or no financial cushion to fall back on.

Moreover, the lack of state intervention also plays a significant role in the lack of savings. Low-paid jobs, absence of affordable healthcare, and limited social safety net programs make it harder for many Americans to save money.

The lack of state intervention also means that many Americans have limited access to financial education and support programs, preventing them from building a stable financial future. To address this issue, government intervention is needed to support low-paid workers, redistribute wealth, and strengthen social safety net programs like healthcare, childcare, and education.

These interventions can be funded by putting increased taxes on wealthy individuals or corporations to ensure that the burden is not solely on the working class.

Suggestions for addressing the problem of no savings

This main topic explores solutions for addressing the problem of no savings. This topic highlights two subtopics: individual responsibility and the need for government intervention.

Individual responsibility

Individuals can take responsibility for their savings by changing their savings habits. One of the ways to inculcate saving culture is to utilize automatic saving, which directs a portion of one’s income to a savings account automatically.

This would help individuals accumulate savings over time without thinking about it. Another way individuals can take responsibility for their savings is by seeking financial education.

Financial literacy classes can assist individuals in learning money management strategies that are effective in planning and sticking to a budget, creating and following a savings plan, and avoiding debt. The final way to build a habit of savings is to start now.

It requires effort and discipline to start saving, and it gets easier with time. An initial modest amount can grow to a considerable sum when invested in the long run.

Need for government intervention

Government intervention is crucial in addressing the problem of no savings. State intervention in the form of increased taxation to redistribute wealth to low-income earners can reduce the wealth gap between Americans.

Such funds can be used to support low-paid workers, provide affordable healthcare and education, and improve infrastructure, thus reducing the structural barriers to savings. Furthermore, the government can call for more regulation of consumer spending such as capping credit card interest rates and requiring full disclosure of fees, which would help Americans avoid being trapped in a debt cycle.

The government can also invest in financial education programs directed towards low-income households to equip them with tools for savings, investment, and money management.


In summary, Americans face multiple barriers that prevent them from saving, including consumption and spending habits, income inequality, low paid jobs, and the absence of government interventions. The effective resolution of these issues requires a multi-faceted approach with greater responsibility assigned to individuals and government intervention.

Automatic saving, seeking financial education, and beginning to save right away can all assist individuals in practicing savings. Redistributing wealth, providing social safety net programs, and regulation of credit card debt can lay the foundation for government interventions to foster a culture of saving.

In conclusion, the issue of media bias in American media and the lack of savings among Americans is a complex problem that requires a multi-faceted approach. On the one hand, tackling individual consumption and spending habits through automatic saving and financial education is important.

On the other hand, addressing economic and social factors like low-paid jobs and wealth inequality through government intervention is crucial. By combining these efforts, we can promote better financial literacy, stronger social safety net programs, and a more equitable distribution of wealth, which will help both media consumers and Americans facing financial difficulties.


Q: Why is media bias a problem? A: Media bias can influence public opinion, political discourse and can lead to misinformation.

Q: What can I do to save more? A: You can track expenses, budget, learn to practice automatic saving or contribute more to employer-sponsored retirement plans.

Q: Why is government intervention in savings necessary? A: Government intervention can redistribute wealth, support low-paid workers, and strengthen social safety net programs, which enhances access to financial education and assistance.

Q: What are some of the economic and social factors that affect American savings? A: These factors include income inequality, low-paid jobs, unequal wealth distribution, and the lack of state intervention that contribute to Americans’ lack of savings.

Q: How can consumption and spending habits be changed to promote savings? A: Individuals can attempt to consume less and save more through budgeting, automatic savings, and changing the mindset towards the culture of consumerism.

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