this post was submitted on 12 Apr 2024
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Saving what, exactly? The problem is that people arent able to maintain a standard of living, meaning they can't certainly can't save.
Or in simpler terms, things are becoming so expensive that they are forced to decrease their standard of living to meet their needs. This isn't a personal finance issue.
Why don't you buy 4 houses, you rent 3 and live in one. You can ask your parents for the capital of you don't have it
^^^/s
Question is, was that standard of living with in their means in the first place, Americans are in 1 trillion of credit card debt. That's insane to me, we have a spending problem that is now seemingly worse because everything is expensive.
When you're already more or less locked in to a lifestyle and then hit with record inflation, not everyone is going to just cancel their lives and live like a pauper, especially families. Yes many people are grossly irresponsible with credit card debt, but that isn't the story for everyone. You'd have to be living under a rock to not see how insanely expensive life has become in the last few years. Sure people can sell off all of their possessions and move to Nebraska, but that isn't a reasonable solution.
I hear yah, personally I cancelled a bunch of streaming apps, making all my food and coffee at home and been hitting thrift stores and estate sales for things I need. I know shits expensive, my car is a 2006 and it eats gas but I'm not falling for the new car trap.
People have done all of what you have mentioned here but still living paycheck to paycheck. They did it because they already know they can't afford stuff. Now they're starting to stop eating healthy too. You going to claim vegetables are luxury? Fuck you if you do.
Grow micro greens and tomatoes indoors. Lights are cheap af.
Do you know what the majority of debt in this country is? Health care.
Get sick, go broke.
They’re using credit cards to buy essentials like groceries and gas.
We don’t have a spending problem, we have a wage problem. And people like you blaming the poor for the circumstances that people like you put them in is gross
That sounds like we have a Health cost problem. No reason for some meds to cost so much. We also get meds advertised to us, so they spend some money on that instead of lowering prices. Our health system I agree sucks.