63% of US workers unable to pay a $500 emergency expense, survey finds
63% of workers unable to pay a $500 emergency expense, survey finds. How employers may help change that
I just want to know what type of emergency only costs $500 anymore?
Uber to the hospital.
Emergency pizza and ice cream?
A simple blown tire that renders you only reliable way to work that doesn't pay enough to cover your basic living expenses is a catastrophic emergency that could cost around 500 bucks.
A part of a tree falling on your windshield.
Seriously, that's what it ended up costing me, and I did part of the body work needed to be able to fit a new windshield in right. If I hadn't kept the tools around, that would have been another 500.
Mind you, the 500 I did pay out included some other body work I just couldn't physically do. The glass and installation of the glass was "only" 150 ish (can't remember what the tax was).
The one before that, that was barely under 500 was the AC unit for the house freezing up and fucking the compressor.
And 500 is a single emergency. You get hit by multiple, and you're fucked .
Exactly. A cheap car repair is that with labor. Add kore than one thing in a few months and most people start to really bleed.
And somehow these CEOs are still talking about pandemic money 3 years later.
They are. And it would be funny if it weren't such utter bullshit. As if the sizeable chunk of the population that lives paycheck to paycheck could actually afford to hold on to a couple thousand dollars in stimulus funds. When shit is waaayyyy more expensive than it was 3 years ago and wages haven't really climbed that much.
My employer got $600,000 in ERC. Meanwhile, I haven't had a pay increase in over 2 years. Been with the company for over 10 years.
The $800 stimi will never be forgotten.
The “pandemic money” is the $2,000 I was given 3 years ago? No, I still have that squared away in case of a rainy day.
Nobody has any fucking money. You can't afford medical, you can't afford a house, you can barely afford a car. You can barely afford rent. Everything is more expensive. Food, gas, everything. Wages can't keep up with inflation and employers could give a shit.
And yet nothing is being set on fire.
Time for a good old fashioned French revolution.
This is why predatory payday loan companies still exist.
I work full time for CVS and I have 26 cents in my bank account, nevermind 500. I literally cannot save, every cent is expenses. When an emergency happens I am straight up fucked every time.
An emergency happened for me in june and I was homeless by July, working fucking full time. Thank fuck I have a family I can stay with.I fucking hate this country. Literally standing in line to donate plasma for gas money. Christ.
I'm tired, boss.
America is kinda fucked up. Seeing it from the outside, nothing is surprising, the solutions are fairly obvious. If nothing else, the direction in which to go. Yet, it's just dumb and dumber.
You had a real shot at change with Bernie Sanders. At least one of the three pieces. At this point, you'll have a revolution within the next 5-10 years that changes the two party system, or it's lights out.
Neither of these options is going to happen. The country will not fail, and there will be no revolution.
Whatever happened to Andrew Yang? Been praying for my universal income
Yanggang is still around, but it's not looking likely we're getting any kind of party nomination. I think it's microwaved Bidem for dinner this round.
How much has the price of milk gone up in the last 4 years?
Same article from decades ago. This is nothing new, it's not gotten better, it won't get better anytime soon.
Employers could pay their employees' student loans, stop forcing them to commute, and pay them well
That's no bueno
First it was 40%, now it’s 63%
What the fuck is this? "How employers might help change that" Answer: they wont, they just might be forced to let employees give themselves a fee-free loan from their own retirement account, oh and here's a slightly different new emergency savings account. It's still all just your money...What the actual fuck?
What about the half of US workers that don't have a retirement account? I guess fuck them?
Isn't the answer simple? HIGHER WAGES.
Man, this made me incredibly angry.
Paying higher wages doesn't get people to start bank accounts, much less retirement accounts.
Many people on the poorer end of the spectrum literally hide money in their walls/mattresses rather than get bank accounts - I know many of these people firsthand.
Higher wages or lower costs, but lower costs would kill the stock market
And if you're in a HCOL city the municipality is probably thriving off the property taxes.