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

[NotAnFBIagent]

Breh, what I’m saying is not hard to achieve. In fact, I would’ve saved a lot more back then if I knew then what I knew now.

I worked in a T-Mobile store 40 hours a week, plus commission. 40% of my basic salary went towards rent, the commission I earned covered other bills. The numbers are only iffy to people who can’t manage their money.

Like I said:
Rent gets paid first.
Phone bill (discount for being an employee)
Other utility bills.
Food (which I cooked so I saved a ton there)
Necessities (toiletries, cleaning etc)
No car at the time as I didn’t need it.

That left me with more than enough to put in my savings and a little luxury here and there.

So please enlighten me on how those numbers are iffy?

I’ll wait.

First you said 40% went to your rent bills and food etc, now it's 40% only went to rent.
Most adults have a car and 1 or 2 children, it's easier to save money when u living the bare minimum with minimal responsibilities

 

[Pete Wrigley]

Income Inequality Is a Structural Issue in U.S.: Columbia's Sachs

the graph in the first 30 seconds 'splains it all.

Damn, that was a good ass segment.

 

[Francis White]

Seems like this thread gets made every month, and it's only gonna get worse.

It does. It’s a thread for the coli accounts to shyt on people.

 

[Silver Surfer]

I can cover a surprise 4k

 

[UberEatsDriver]

Damn, that was a good ass segment.

It was a good ass segment but notice he said most of the other first world nations have high taxes.

According to the coli.com living with tiny taxes is the GOAT way of living.

You go on Facebook and every Cali,NY, and Illinois resident is complaining about high taxes.

Humans want all the services in the book but at the same time want to live tax free

 

[mannyrs13]

I can cover a surprise 4k

I thought it said 400.

 

[phcitywarrior]

Part of this is the system. Part is just poor money management skills on the the individual consumers part.

 

[Ezekiel 25:17]

How many are being underpaid for their labor; aren't a part of a union or collective bargaining agreement; live in an area with an inflated cost of living; are trying to cover student loan debt, medical debt, or credit card debt tied to maintain some semblence of balance?

How many got screwed over by absurdly high insurance rates, watched their house go under in 2008, lost of a family member that was a source of income, were laid-off or fired from their job, were imprisoned and are paying associated court/prison fees, and how many are caring for children, or a loved one?

The real questions you should be asking.

Well I guess they're shyt out of luck. Could be worse, People are starving in India.

Me personally, I refuse to struggle. I don't make much now, I don't have much of a savings, but I'm gone make it and not be apart of the 40%. It's gone happen eventually. Voting, keeping my job options open, etc.

Dog eat Dog world out here that doesn't seem to get better, so what you gone do? This is white America, what you gone do? You can get your pitchforks out, You can vote, you can move, you can make Goals, or you can continue to complain and struggle


Again this is white American, what's it gone be?

 

[Ezekiel 25:17]

Why do u even post on this bytch


U done got caught lying numerous times



Fake drug dealer

Fake 6 figure career based off a fake resume

Fake drug arrest
Fake white collar crime arrest


Kill yaself

Wrong person dawg. None of what you mentioned is me

 

[Still FloW]

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

damn, ya'lls country is a shyt HOLE .

wonder how you nikkas survive.. and still you got reality tv selling false dreams and hopes to the mass smh

 

[Mike Nasty]

I can cover a surprise 4k

HVAC guy: How are you financing this?
a Check.

HVAC guy: It must be nice to be able to write out a $4,000 check

Yes it is nice.

 

[EndDomination]

my pops was in construction, laid off in 08-2011. My family went from solidly middle class to EBT overnight, I experienced the shyt first hand as a shorty

I never understood daycare?

nikka it was 3 of us i was never in day care in my life neither was my siblings. We stayed over cousins, godmama, church friends, neighbors, grandparents cribs when my folks had to work.

You can’t tell me everybody don’t got an older auntie they can throw $50 to watch they kid

Not everyone lives by family. A lot of the childcare/day care stuff also includes preschooling; if you want your child to succeed against the wave of other children, that work neesd to start pretty early.

 

[RennisDeynolds]

Man I have never seen so many concentrated homeless people in other major cities that are home to some of the wealthiest people in the country.I have been to london,paris and I have only seen a handful.

Probably bc other countries had the sense to make readily available healthcare and education a priority while we maintain the number one slot bc we have the biggest warchest

Majority of homeless in Americahave real mental health issues, but the only place we have for them here are the street corner or a cell block

We lag behind in so many areas it's not even funny but I guess we have the biggest and best celebs

 

[Captain Crunch]

I'm sure we(ADOS) make a majority of that 40%

 

[MJ Truth]

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.