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

[Michael's Black Son]

Oh i can

But i just don’t want to

 

[Mac Brown]

A lot of us who live in the five largest cities in this country take for granted the amount of opportunity compared to the vast majority of the country

 

[EndDomination]

I travel all over the world so yes, have you? Theres mile long stretches in usa with homeless people, you have places in usa without clean running water, and you have people dying because they cant cant a medication. What developed country is like this?

TIL thecoli.com considers the USA to be a shythole equivalent to places like India and Afghanistan because of a few homeless people.



Btw did you know LA the place you said was not a third world shythole has the highest population of homeless in the US?

The US certainly does have third-world conditions throughout.

We are not nearly as uniform economically as most first-world countries are,
https://www.washingtonpost.com/opin...e7-aae0-cb18a8c29c65_story.html?noredirect=on

 

[EndDomination]

nikka what??? Even the poorest areas of the USA are better than 70% of the world

Nah. We had Syrian refugees come through and get put in some of the worst parts of St. Louis.

Them nikkas wanted to go back

 

[Bumblebreh]

Exactly

My cousin live in DMV and just makes $40,000 a year and he living good... minimum debt, no kids and live within his means

My other cousin and his wife both live in DMV and combine to make $180,000 a year and has 2 kids, but they living check to check, cause of child care and his wife wants to compete with her girlfriends and their husbands

And I bet his wife wanted to be a sahm.You get married and you take on financial liabilities and you are left to pay alimony and child support if things do not work out.

 

[KENNY DA COOKER]

They can't handle a $400 expense, but do an audit of their budget and you'll see most spent at least that amount on dining out and non-essentials for the month.

Make no mistake, I spend some money on things just because I want it, but I make sure I save at least a few hundred every month and work a 2nd job to do it. Once I paid off my car, went right back to putting 3% back in my 401k, 2% in my HSA with the company matches, and stacking cash. People I know in my family cashing out part of their 401ks and pensions when they switch jobs80% of people ain't ready for this upcoming recession AT ALL.

/Close thread

Bad decisions play a big part

One of my white coworkers quit the job a month ago....because he felt he was obligated to the evaluation raise that myself and many others obtained...and felt disrespected that he didn't receive it

In his late 40s .... Just automatically thought he would find a job in no time...

WRONG..dude is now cashing in his 401k as we speak cause he hasn't received any call backs from the interviews

And now is behind on car note and had to move back with Mom

Cause he never saved any bread ...while spending it on Hunting Club fees 1k a month

Same thing with a homegirl of mine....she is a struggle "gospel artist' / promotor she doesn't make half my net salary but yet she decided to have a Hot Girl Summer this year...partied every weekend...cruise on the carribean....

Then just this morning I recieve a text from her requesting 50$ on PayPal cause she needs help for her utilities

Smh......u right people are not preparing themsleves for this recession

 

[Kuwka_Atcha_Ratcha]

The fallacy in this statement is that there are places in those states you just named that fit the same criteria

I was being generous

 

[itsyoung!!]

America is nowhere close to a 3rd world country. One of the worst living conditions I've seen is the homeless folks that be in those tunnels in Vegas, but persons in a third world country would easily take that over what they got now.

would they really does concrete or dirt feel different when they sleep on it in America than other countries we got premium dirt or something ? does the view of a sky scraper some how suppress the hunger that comes with homelessness help me understand the thought process on why being homeless in a 3rd world country would be worse than say skid row in LA or tenderloin in San Francisco


America is fukked up, more than people wish to admit.

 

[Saysumthinfunnymike]

but 0% of coli members

 

[Piff Perkins]

A lot of white people are living like this. So much focus is on black and brown people being painted as struggling or poor but there are way more white people out here on their ass. Biggest difference is they're better at faking it because their whiteness is a shield. They walk into a store looking normal, with that chippy white person voice...and you'd never know they're on Medicaid and barely scraping by.

The thing that convinced me to change my poor money management ways was when I had my first tire blow on me. I was on the freeway with my brother. Pulled to the side and got AAA to come out luckily. Got to the tire place and found one another one of my tires was on its last legs, so I had to buy two. Luckily the day before, I got paid so I was good. But if that shyt had happened a few days earlier I would have been screwed.

If you have Bank Of America...they got a "keep the change" option that will round up change and send it from your checking to your savings account. So like if you spend $10.80 on gas, it'll send 20 cents to your savings. It's a great way to add money each time you buy shyt. But you gotta keep money in your savings for it to work. I used to keep everything in checking. Started out putting $100 in saving and leaving it there. Then I'd add a little more each month until I got a decent job and was able to save more. Having $1000 stored away can be a life saver if you're struggling.

 

[DonFrancisco]

My two cents:

1) this is the USA. We have fewer regulations for commericals. We are bombarded with ads in every turn of our lives. From the cell phones to mail. One of the economic indicator is consumer spending which accounts for almost 70% spending. These companies depend a lot on consumer spending money. We make dollars but we overspend and we have a lot of bills.

2) the US isn't 3rd world but we do a poor job in education and human development. In some ways the desired and even undesired jobs create a huge competition between foreign and US born workers. Honestly the fact we are so rich this shouldn't be an issue. Our workforce should be so skilled that we should get jobs no question asked.

The real argument shouldn't be about creating barriers for foreigners it should be about educating and create a huge pool of skilled, domestic labor. Our current economic and political system makes this very hard. Also the inequality due to race and class create a vicious cycle of underskilled and Underdeveloped human beings. Those people don't contribute a lot economically and those areas becom worse and worse.

 

[Kyle C. Barker]

Nah. We had Syrian refugees come through and get put in some of the worst parts of St. Louis.

Them nikkas wanted to go back

I remember reading that article

 

[EndDomination]

It's funny how people in this thread all are not of the 40% yall are some delusional muthfukkas

Right. More online nonsense. Right now, I could take a $400 expense to the chest and keep it pushing, but I'm a student with CoL loans, and a job.

Ask me three months ago, and I'd have been in the red.

A lot of income is variable, especially for younger people.

 

[saturn7]

Well, how about a UN report then?

OHCHR | Statement on Visit to the USA, by Professor Philip Alston, United Nations Special Rapporteur on extreme poverty and human rights*

Sit down and read it because that report goes into the full details of why they came to their conclusions.

This report is pretty damning of the U.S.

"3. The United States is one of the world’s richest, most powerful and technologically innovative countries; but neither its wealth nor its power nor its technology is being harnessed to address the situation in which 40 million people continue to live in poverty."


"7. In talking with people in the different states and territories I was frequently asked how the US compares with other states. While such comparisons are not always perfect, a cross-section of statistical comparisons provides a relatively clear picture of the contrast between the wealth, innovative capacity, and work ethic of the US, and the social and other outcomes that have been attained.

• By most indicators, the US is one of the world’s wealthiest countries. It spends more on national defense than China, Saudi Arabia, Russia, United Kingdom, India, France, and Japan combined.
• US health care expenditures per capita are double the OECD average and much higher than in all other countries. But there are many fewer doctors and hospital beds per person than the OECD average.
• US infant mortality rates in 2013 were the highest in the developed world.
• Americans can expect to live shorter and sicker lives, compared to people living in any other rich democracy, and the “health gap” between the U.S. and its peer countries continues to grow.
• U.S. inequality levels are far higher than those in most European countries
• Neglected tropical diseases, including Zika, are increasingly common in the USA. It has been estimated that 12 million Americans live with a neglected parasitic infection. A 2017 report documents the prevalence of hookworm in Lowndes County, Alabama.
• The US has the highest prevalence of obesity in the developed world.
• In terms of access to water and sanitation the US ranks 36th in the world.
• America has the highest incarceration rate in the world, ahead of Turkmenistan, El Salvador, Cuba, Thailand and the Russian Federation. Its rate is nearly 5 times the OECD average.
• The youth poverty rate in the United States is the highest across the OECD with one quarter of youth living in poverty compared to less than 14% across the OECD.
• The Stanford Center on Inequality and Poverty ranks the most well-off countries in terms of labor markets, poverty, safety net, wealth inequality, and economic mobility. The US comes in last of the top 10 most well-off countries, and 18th amongst the top 21.
• In the OECD the US ranks 35th out of 37 in terms of poverty and inequality.
• According to the World Income Inequality Database, the US has the highest Gini rate (measuring inequality) of all Western Countries
• The Stanford Center on Poverty and Inequality characterizes the US as “a clear and constant outlier in the child poverty league.” US child poverty rates are the highest amongst the six richest countries – Canada, the United Kingdom, Ireland, Sweden and Norway.
• About 55.7% of the U.S. voting-age population cast ballots in the 2016 presidential election. In the OECD, the U.S. placed 28th in voter turnout, compared with an OECD average of 75%. Registered voters represent a much smaller share of potential voters in the U.S. than just about any other OECD country. Only about 64% of the U.S. voting-age population (and 70% of voting-age citizens) was registered in 2016, compared with 91% in Canada (2015) and the UK (2016), 96% in Sweden (2014), and nearly 99% in Japan (2014)."

OECD = Organisation for Economic Co-operation and Development

 

[NotAnFBIagent]

I came out of college BROKE.

I worked a shytty retail job and lived in a run down crappy apartment. My parents had the means to put me up for 5-7 years if they wanted to, but I guess I’m prideful and I chose to make it on my own.

I budgeted by not spending my money on frivolous crap. My money went to my rent first, bills and then food. That left me with 60% of my pay check. That 10% I used for luxuries once or twice a month.

If people didn’t spend their money on silly shyt, it would be more than feasible to save at least half of your pay check. But people don’t want to live within their means, or they want to keep on producing kids they can’t afford.

Also, it’s about putting your money into things that appreciate: guns and butter baby.

How much were you making at your retail job and how much was your rent, bills and food to where it only took up 40% of your income
Numbers sounding real iffy