I read that half of Americans couldn’t cover an unexpected $1,000 expense. This sounds crazy to me. I understand that poverty exists, but the idea that an adult with a job doesn’t even have that amount saved up seems really strange.
What’s your relationship or philosophy with money? What do you credit for your financial success, or alternatively, what do you blame for your failures?
For the extra brave ones: how much savings do you have, and what are you planning to do with them?
It’s a little crazy when we’re talking about half of the population.
Look up prices for housing, food, etc. in your area and compare that to full time at minimum wage. Then consider a lot of companies only hire part-time and not full time. Then consider minimum wage is still the federal $7.25 in a lot of the country. See how that math looks.