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?
There are a lot of very poor people in the US compared to other developed countries. There are also a lot more extremely rich people. The inequality is palpable, and it shows in the stats. The US government also doesn’t step in with coverage when it comes to healthcare, unemployment and other emergencies to the same degree as governments in other western countries.