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return2ozma@lemmy.world to A Boring Dystopia@lemmy.world · 1 year ago

56% of Americans can't afford a $1,000 emergency expense: We are 'living in a paycheck-to-paycheck nation,' money expert says

www.cnbc.com

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  • cross-posted to:
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56% of Americans can't afford a $1,000 emergency expense: We are 'living in a paycheck-to-paycheck nation,' money expert says

www.cnbc.com

return2ozma@lemmy.world to A Boring Dystopia@lemmy.world · 1 year ago
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  • cross-posted to:
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The current economic environment is ideal for shopping around for high-yield savings products and building your emergency savings.
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  • Franklin@lemmy.world
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    1 year ago

    That’s by design. It’s the natural end result of trying to maximize exploitation.

    • FenrirIII@lemmy.world
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      1 year ago

      Yay Capitalism!

    • Feathercrown@lemmy.world
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      1 year ago

      “By design” and “natural end result” aren’t the same thing, but it’s a little from both columns anyways

      • Franklin@lemmy.world
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        1 year ago

        Fair enough

  • rothaine@lemm.ee
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    1 year ago

    Aka wage slavery.

    If you can’t afford to miss a paycheck, you can’t afford to say no to your boss.

    And if you can’t afford to miss a paycheck, you don’t have time to prep a resume, go out for interviews, or other activities that would allow you to find a new job.

  • henfredemars@infosec.pubBanned
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    1 year ago

    How does this compare to typical? Haven’t Americans generally had a significant portion of the population living paycheck to paycheck?

    • crusa187@lemmy.ml
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      1 year ago

      This number has been steadily increasing over time. It was 30% in the 90s, 40% in the 2000s. Then with the ‘08 recession and onslaught of shit since then, it spiked up into the 60s for a while around ‘21. I am surprised it’s back down into the 50s again, but maybe that speaks to just how little $1k can buy you after the exploitative price gouging of the past few years.

  • some_guy@lemmy.sdf.org
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    1 year ago

    We’re fucked. But Lonnie can still buy a company and run it into the ground, so the system works!

  • Noble Shift@lemmy.world
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    1 year ago

    deleted by creator

    • Fal@yiffit.net
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      1 year ago

      I pay $3.50 at Safeway in San Francisco. According to this https://www.usinflationcalculator.com/inflation/milk-prices-adjusted-for-inflation/ it’s generally cheaper than it has been except for the last few years.

  • AllonzeeLV@lemmy.world
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    1 year ago

A Boring Dystopia@lemmy.world

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