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63% of US workers unable to pay a $500 emergency expense, survey finds (www.cnbc.com)
submitted 3 years ago by to c/workreform@lemmy.world
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[–] 79 points 3 years ago (8 children)

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.

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  • [–] 3 points 3 years ago (2 children)

    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.

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  • [–] 3 points 3 years ago (4 children)

    Higher wages or lower costs, but lower costs would kill the stock market

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  • [–] 1 point 3 years ago (3 children)

    And if you're in a HCOL city the municipality is probably thriving off the property taxes.

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  • [–] 4 points 3 years ago (2 children)

    Property taxes actually need to be raised in most cities, especially for single-family homes.

    Everyone in the suburbs should pay a property tax premium for that benefit, for instance, to address the externalities of having suburbs.

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