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☆ Yσɠƚԋσʂ ☆@lemmy.mlM to United States | News & Politics@lemmy.mlEnglish · 2 years ago

Only Richest 20% of Americans Still Have Excess Pandemic Savings

www.bnnbloomberg.ca

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Only Richest 20% of Americans Still Have Excess Pandemic Savings

www.bnnbloomberg.ca

☆ Yσɠƚԋσʂ ☆@lemmy.mlM to United States | News & Politics@lemmy.mlEnglish · 2 years ago
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Only Richest 20% of Americans Still Have Excess Pandemic Savings - BNN Bloomberg
www.bnnbloomberg.ca
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Americans outside the wealthiest 20% of the country have run out of extra savings and now have less cash on hand than they did when the pandemic began, according to the latest Federal Reserve study of household finances.
  • Nakoichi [they/them]@hexbear.net
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    2 years ago

    “Just spend less than you earn” fucking genius lol

    Why hadn’t anyone thought of that before?

    • tallwookie@lemm.ee
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      2 years ago

      deleted by creator

      • Assian_Candor [comrade/them]@hexbear.net
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        2 years ago

        Just save more money bro when rent is $1500 and you make $8 an hour

        • tallwookie@lemm.ee
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          2 years ago

          deleted by creator

          • Assian_Candor [comrade/them]@hexbear.net
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            2 years 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

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