Nearly 40% of Americans can't cover a surprise $400 expense

[Amor fati]

Sounds like Brits also, I can't say much about Australia, Canada or New Zealand.

 

[Spiritual Stratocaster]

This is why people shouldn't be so quick to move out their parents house when they are young.
Save your bread for a year or two then move out

American parents are shyt who force their kids out by being unbearable to live with.

 

[Paper Boi]

i'm good, but if i had a very serious health scare or something i'd probably be fukked. even with my insurance.

 

[The Devil's Advocate]

How many have new phones, new cars, and houses they can't afford? How often do they eat out?

Can't throw this statistic out there without going into good detail. Folks could make $100k/yr and still be broke

40% of americans make less than $15 an hour....

We really take things for granted.. For every 10-15 people you THINK are living good, making 50k a year, and doing well. There's a whole food service industry not making shyt... Whole retail industry not making shyt. Whole part time workforce not making shyt.. No degree having workforce not making shyt... Don't forget this includes older people too who may be phased out of the workforce... fukking minors and state gov workers... CO's... shyt police don't even make 50k.. You think the bus drivers are? The nikkas at the train station. The security at the office building.. The janitors.. Anybody involved in teaching



Most of america is fukking broke to lower middle class

 

[UberEatsDriver]

@The Computer you’re being generous. People should follow the Paki system and stay at their parents house until they can afford a house/condo to own or until they get married.


My parents are unbearable also but I’ve trained my mentality to just accept that I’m at least living rent free.

 

[throboss]

People's willfulness to spend all they've got is what spurs the economy, like consumer confidence. Given this stat, I wonder how much hotter the economy can get. I only hope that there are adequate safety nets for folks with no savings that have a minimal impact on those who have the income or discipline to save money.

 

[Rarely-Wrong Liggins]

40% of americans make less than $15 an hour....

We really take things for granted.. For every 10-15 people you THINK are living good, making 50k a year, and doing well. There's a whole food service industry not making shyt... Whole retail industry not making shyt. Whole part time workforce not making shyt.. No degree having workforce not making shyt... Don't forget this includes older people too who may be phased out of the workforce... fukking minors and state gov workers... CO's... shyt police don't even make 50k.. You think the bus drivers are? The nikkas at the train station. The security at the office building.. The janitors.. Anybody involved in teaching



Most of america is fukking broke to lower middle class

Nah, they're just not good with money. Just budget and you should be able to make $12 an hour at 30 hours a week stretch pretty far with enough left over for a comfortable savings.

 

[phcitywarrior]

It's not even because people don't have money, it's because they have no financial literacy. And who's fault is that? It's not as though handling money is a part of any public school curriculum. If you don't learn it from your parents (and most parents don't have the literacy in the first place), or venture out to learn it on your own, COMBINED with having the right emotional mindset to handle money properly (good luck being in a good financial position if you have low self esteem) and this type of shyt makes sense.

The majority of people who can't afford a surprise expense like a car repair have a late model smartphone.

On my mother the bolded is too real. Dap + rep

 

[Saysumthinfunnymike]

fukk a $400 hit. How many Americans got $1,000 or more in their savings right now. That's a number that I've seen and will surprise you. Again, on the coli it's 100% I'm talkin non-coli members

 

[Ezekiel 25:17]

When I ask people to look at their car expenses, they almost cry seeing how much goes into just maintaining it. At least you can get rid of your car.

I could’ve easily brought one within the first few years of leaving college but it didn’t make any sense. I see people buying expensive cars that depreciate the moment you drive it off the lot.

If you really want a car, then get it on finance/lease, never buy one outright unless it’s a long term investment. It makes no sense in buying anything that depreciates that quickly.

Yeah you figure a car note + gas + full coverage. That's gotta be $600 a month

40% of americans make less than $15 an hour....

We really take things for granted.. For every 10-15 people you THINK are living good, making 50k a year, and doing well. There's a whole food service industry not making shyt... Whole retail industry not making shyt. Whole part time workforce not making shyt.. No degree having workforce not making shyt... Don't forget this includes older people too who may be phased out of the workforce... fukking minors and state gov workers... CO's... shyt police don't even make 50k.. You think the bus drivers are? The nikkas at the train station. The security at the office building.. The janitors.. Anybody involved in teaching



Most of america is fukking broke to lower middle class

Well that's too damn bad. We all in this system together. If you 35 yr old man working at McDonald's or Walmart, get off yo ass and make a change. I worked at Walmart, paid for my community college classes and now have an actual career

Gotta get up and vote in every government Municipality, go back to school, get a trade, join the Air Force of something.

Am I Harsh? Yeah, because I don't feasibly see McDonald's and Retail jobs paying $17/hr. So maybe these people should take matters in their own hands and improve themselves. Those jobs are meant for teens and college students anyway, not grown ass adults.

If y'all manage to make McDonald's pay y'all $17/hr you have my praise and I do hope y'all get those wages. Outside of that, not my problem. I refuse to lose.

 

[MoneyTron]

Nah, they're just not good with money. Just budget and you should be able to make $12 an hour at 30 hours a week stretch pretty far with enough left over for a comfortable savings.

Pretty ignorant considering the cost of living varies significantly in the US.

$12/hr in Wedowee, Alabama can work. $12/hr at 30 hours in any top 10 metro? Forget it. You won't have a roof over your head.

 

[Francis White]

Nah, they're just not good with money. Just budget and you should be able to make $12 an hour at 30 hours a week stretch pretty far with enough left over for a comfortable savings.

Are you insane? 360 before taxes is comfortable on what world? Not earth. Please explain how to pay rent and commute on that budget of yours? You usually make intelligent post but this is borderline retarded. I didn’t even put in food, utilities and phone.

 

[Barnett114]

Are you insane? 360 before taxes is comfortable on what world? Not earth. Please explain how to pay rent and commute on that budget of yours? You usually make intelligent post but this is borderline retarded. I didn’t even put in food, utilities and phone.

He was being sarcastic

 

[MoneyTron]

He was being sarcastic

My bad. My man needed a /s on that post.

 

[#1 pick]

In the sticks, this is 100% true. shyt, I been through it before myself way back. It's possible.