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Only Richest 20% of Americans Still Have Excess Pandemic Savings (www.bnnbloomberg.ca)

submitted 1 year ago by yogthos@lemmy.ml to c/usa@lemmy.ml

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[–] Nakoichi@hexbear.net 12 points 1 year ago (1 children)

"Just spend less than you earn" fucking genius lol

Why hadn't anyone thought of that before?

[–] tallwookie@lemm.ee -1 points 1 year ago (1 children)

no idea. perhaps easy credit/debt is to blame?

[–] Assian_Candor@hexbear.net 4 points 1 year ago (1 children)

Just save more money bro when rent is $1500 and you make $8 an hour

[–] tallwookie@lemm.ee 2 points 1 year ago (1 children)

if you make $8/hr, you dont live somewhere that has $1500/mo rent - you get roommates or you move.

[–] Assian_Candor@hexbear.net 3 points 1 year ago* (last edited 1 year ago)

There is a book you should read called Nickle and Dimed by Barbara Ehrenreich. It’s a journalist account of trying to live for I think 3 months on minimum wage in the US. It’s a light quick read and you might appreciate the perspective.

Equally importantly it is from 2001 and $5.15 then is equivalent to $9 today, almost 25% higher than the current federal minimum wage