United States | News & Politics

7188 readers

776 users here now

founded 4 years ago

MODERATORS

pangyuehung@lemmy.ml

yogthos@lemmy.ml

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

17 comments fedilink hide all child comments

you are viewing a single comment's thread
view the rest of the comments

[–] 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