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re: 60% of American adults don't have enough in savings to cover a $1,000 emergency
Posted on 5/9/19 at 1:09 pm to TheCaterpillar
Posted on 5/9/19 at 1:09 pm to TheCaterpillar
quote:
That's not true at all.
Minimum wage is nothing and if you have children/dependents, it can be very tough to save money on that wage.
Is it harder with lower incomes? Sure. Is that an excuse? No. If you can't do it within 12 months then that person is clearly living beyond their means.
Heck, I could do it living on $600/month in college. $10/hr should be able to take home $1,400/month.
You think those people didn't have a job before kids? Every high school kid can have $1k sitting in a savings account for emergencies.
1
Posted on 5/9/19 at 1:37 pm to notsince98
quote:
You think those people didn't have a job before kids? Every high school kid can have $1k sitting in a savings account for emergencies.
How many high school kids are responsible for rent, utilities and health insurance?
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