Breaking news: in one of the most productive countries / economies in the entire history of humanity, the majority of people creating that productivity do not get to enjoy the rewards of that productivity.

same as it ever was.

  • OldWoodFrame@lemm.ee
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    11 months ago

    The median savings is $5,300. So at the bare minimum, 12% of America has over $5,300 in savings but considers themselves “paycheck-to-paycheck.”

    • IHadTwoCows@lemm.ee
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      11 months ago

      One fun thing I am learning is that if you have worked all your life and paid into the social safety net then you aren’t qualified for SSDI if you own over $3000 worth of assets.

      There are very good reasons to enact massive amounts of violence against the GOP and their voters; they literally kill and destroy for pleasure.

    • Drusas@kbin.social
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      11 months ago

      If you only have about 5K in savings, you need that in savings for emergencies such as medical expenses or suddenly needing to move due to rent increases. That is paycheck to paycheck.

    • pan_troglodytes@programming.dev
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      11 months ago

      jeez. that’s the low-end of my goal for yearly savings. I generally average a bit more, at least the last few years.