/biz/ - Business & Finance

[Anonymous No.50245588]

Whenever I think about how poor my life is going I think about this. Do you think it’s true? How do people own homes and cars yet can’t cover 1k?

[Anonymous No.50245612]

>>50245588
it's the bottom 56% of the population, most of which don't own houses and those that do are overleveraged to the max.

[Anonymous No.50245623]

>>50245588
I believe it. I was a 56 per center for a long time.

[Anonymous No.50245630]

>>50245588
Checked, unreal normalfags really are overleaveraged cattle

[Anonymous No.50245637]

>>50245588
it's called debt
i swear, everybody has collective amnesia these days
majority of americans are running around with debt up to their eyeballs
a couple of crypto bull runs hasn't changed that
thats how you know this whole stupid system is unsustainable

[Anonymous No.50245656]

>>50245588
>have $500 in savings
>get $1000 bonus from work
>time to celebrate
>take family to Applebees
>spend $800 on new phone

[Anonymous No.50245665]

these studies are bullshit because the definition of "emergency" changes the poorer you are

[Anonymous No.50245680]

I might have struggled with covering 1k as a college student, but I had 2k+ extra money immediately after my first paycheck from a real job.

Rent was 900 bucks in NYC because I didn't want to spend a shitload on just rent. The rest was just food and basic transport costs, which isn't -that- much.

Never had credit card debt that I didn't pay off immediately.

Normalfags can't even do that, I guess.

[Anonymous No.50245689]

>>50245588
>is it true, do poors exist?
>>50245623
>i bewieve in em
>>50245630
>sitting in a one bedroom apartment right now completely alone

[Anonymous No.50245702]

I have to shower at a gym because I had to keep working for $13 during the pandemic instead of getting unemployment + $300 bonus for 2 years.

[Anonymous No.50245708]

>>50245680
I know normalfags that if you give them $2000 they will spend $1990. If they woke up with $50k they would spend $20k to pay off their car plus $10k on student loan debt plus $5k to get a root canal plus.....

[Anonymous No.50245742]

>>50245680
>gets $2000
>spends more than $900
…so you don’t have $1000 then, dumbass.

[Anonymous No.50245767]

>>50245588
Ahhh yes the human sheep, nothing better than tying them up with debt with interest. Not mention, they did it voluntary how can I, a rich person refuse?

[Anonymous No.50245794]

the thing to remember about the bottom 50% of americans is, they pay zero income tax, infact they typically get thousands back when they file for all kinds of bullshit deductions.
so even with this being the case, they're still barely getting by, and far worse off than someone around the top 60-80%, who pays quite a bit in income taxes
what i'm saying is, there's a pretty hard cutoff between lower-middle and upper-middle class

[Anonymous No.50245798]

My roommate won't pay off her credit card so she can have savings so yeah I'd say a lot of people make me feel way better. Even if I didn't sell when I was worth seven figs and dumped to -85% I still can take some pleasure in knowing that there are a lot more people even more retarded than me

[Anonymous No.50245800]

I believe it women are terrible with money half the population is women the rest are probably broke men from single mother homes in poor states

[Anonymous No.50245815]

>>50245708
I knew a shitton of those retards in HS, but I guess they never change their habits.

>>50245742
>gets $2000
Literally where do I say that? 2000 wasn't my paycheck, retard. I had 2000 -extra- after expenses. You know, "emergency money."

[Anonymous No.50245847]

>>50245815
I'm from flyover country where it might be more common, but my parents never really made good money until my dad was in his late 50s and paid off their house and had no debt by then. It's completely a mindset problem. Buddy of mine, big dummy but a hard worker. He's a garbage man making like 50-70k/year. Has $0 at all times.

[Anonymous No.50245866]

>>50245637
This. Or they're privileged Whites who had a house handed down to them that they can't properly maintain.

[Anonymous No.50245867]

>>50245847
What doss he do with his money gamble whores drugs just goves it away?

[Anonymous No.50245894]

Man I could be wealthy if I got into crypto whenI first bought some 2 years ago it just took hours to pay for things with it so I thought it'd never be worth anything to people

[Anonymous No.50245920]

>>50245798
>his roommate is a femoid

[Anonymous No.50245954]

>>50245920
Could be worse. Rent is expensive where I am and we've lived together for a while. She used to be kind of a dyke but she had a glow up period and now I wanna bang her. I'm done living with strangers though so when we decide to part ways I'll just get my own place. Maybe a down payment on a house.

[Anonymous No.50246173]

>people who can't cover 1k expense

That means no one loves them, and no-one taught them basic life skills.

I give money to people I know who have unexpected expenses, and I don't expect to be paid back. The phrase "I know you would do the same for me" is a pretty surefire way to get them to pay you back though, worked all but one time.

Most poorfags are just clueless about money, and can really benefit from being helped out a little. If you get them to listen, and just teach them basic personal finance skills, you can change the entire course of their lives. The whole "teach a man to fish" bullshit is true regarding finance.

The hardest part is finding out whether or not someone is worth saving. Many such cases.

[Anonymous No.50246189]

>>50245867
if you ask someone with an average income and no savings where it goes, they'll give you a vague narrative answer that they believe is true, but raw data would reveal how clueless they are. most of them honestly don't know where the money goes.

a small percentage actually do know where the money goes, but that doesn't mean they make good decisions. i had a neighbor back in 2009, turned out he made 90k, so pretty good money for suburban/semi-rural ohio. anyways, he gets a new laptop, is completely clueless about files, and asks for my help bringing stuff over. there were files everywhere, so i run a full disk search for common extensions and turn up a bunch of budget.xls temp files in an excel directory. beyond all the common stuff (mortgage, car, food, etc.) there were church donations, kids allowances, 401k loan payback, consolidated credit card paybacks, kids athletic league fees and educational materials (homeschooled), etc. he actually didn't own a single thing, the house, cars, etc. all had high remaining balances. i honestly don't know how someone functions when they work full time and have zero savings to show for it.

[Anonymous No.50246260]

>>50245588

why would you keep anything in savings account? even precovid it didnt make sense to lose 2% a year to inflation. i'm pretty sure there's a relationship between golden bullrun of last few years and people with low saving account balances.

[Anonymous No.50246596]

>>50246260
I keep 3-6 months of expenses at all times. Worth having for an emergency

[Anonymous No.50246791]

>>50245588
does it matter when your entire peer group has brand new off road spec silverados?

clearly you're fucking losing the life enjoyment game, inflation will make your future pointless, all the chads are living it up now and praying to die at 40 before the big time suffering comes

[Anonymous No.50246812]

>>50246596
My debit account requires a $4k minimum to avoid monthly fees (thanks TD).
I have two credit cards, one which collects 1.35% interest and I pay off all transactions immediately. I have about 8k cash and 4k in a mutual fund.
Overall, I have around 50k in assets and no debt. And this is working PT in retail.

[Anonymous No.50246827]

>>50246812
weak tier could have been done with no job at all

[Anonymous No.50246829]

>>50246596
>nooo u cant do that. you have to put it all in bitcoin and lose 50%

[Anonymous No.50246891]

>>50245588
I was hit with a pretty big reality wave when I was talking with a friend about amd's stock, said the share price was really low at only high 70s per share and my friend looked at me really weird and said, "70 bucks is a lot of money bro... I can't afford to buy shares"

Well... guess $70 is basically nothing once your portfolio starts swinging in the tens of thousands every single day...

[Anonymous No.50246995]

>>50246891
I'm developing a bad habit of finding 10/10 normie sluts on snapmap and offering 30 bucks for nudes. a lot of them are married which makes it even more hot. sometimes I scam them if they send it to me without payment.

[Anonymous No.50247033]

>>50245588
Did somebody say 56%?

[Anonymous No.50247055]

>>50246995
lol
30 bucks
man

[Anonymous No.50247066]

So what you're saying is 56% of Americans are non-white. That's pretty scary.

[Anonymous No.50247078]

>>50245612
>it's the bottom 56% of the population
aka, the majority of it.

[Anonymous No.50247247]

>>50245588
a gun is so much cheaper when you're too sick

[Anonymous No.50247343]

>>50245588
I am so far past this I can no longer relate. I find it kind of sad you know, but there have to be losers for this game to work. And there are ALOT of losers.

I hate the game so much, and I love it at the same time. Really pisses me off when the whales start fucking with us minnows/tunas, but I mean, what we gonna do? Not like there's a replacement system ready to go. Just keep rolling with the punches and carve my sliver of pie. I get a strange enjoyment out of understanding the rules of this game when so many people don't. Most people are too dumb to learn it, so not really worth trying to teach for the most part. It must be miserable being part of the 50% on the wrong end of wealth distribution.

[Anonymous No.50247378]

>>50245588
I spend more money on gacha per month than food. I have about 15k in savings though

[Anonymous No.50247435]

>>50246173
You'd be surprised how unforgiving and toxic american families are (continentally speaking). Out of the house as soon as they are adults. A few of my friends shacked up together in this situation. The ones who didn't became thieves. Even one of the cutest men I ever saw tried robbing a place and was arrested. His dad is a cop too. A shame. Finances and money aren't taught to high schoolers or any student really but would it make a difference when we are in the midst of an economic downturn-- again? I'm a millennial and most of my group of graduates have no clue about what is happening

[Anonymous No.50247484]

>>50245954
Make a move and then buy a house when it all goes to shit

[Anonymous No.50247486]

I'm a burger, I don't even have $200 in savings, I lost my job so I'm just falling behind, can't get ahold of UI because they won't accept phone calls been trying for weeks, tried calling the labor board on my ex employer for not giving me my final check, same problem 4 hour wait, phone just shuts off on you.

If you think America is fine check again it's rapidly getting worse.

[Anonymous No.50247492]

>>50245588
did they survey all age groups of Americans? Kind of disingenuous to count children. Illegals too.

[Anonymous No.50247507]

>>50246827
Lol

[Anonymous No.50247539]

>>50247486
Unless you live in a shithole state you can just apply online for ui

[Anonymous No.50247587]

>>50247539
Oh I did, they require more information, it's a shitty state worst part I don't even live there, I might be able through my state but my state absolutely fucked its UI system up with covid as well as the state I work in so it's been backlogged for years, I just want to work and be left the fuck alone but this worlds trying to make people crazy I swear, it's working well my week has been a test of me trying to maintain my inner demons.

[Anonymous No.50247857]

>>50245588
If I recall right some of these studies include the "i'd put it on a credit card and pay it off before the due date" answer as being "unable to cover" even though many of those people probably have the money to spare.
So it depends how the question was asked.

[Anonymous No.50247927]

Don't get complacent this isn't your competition this is the dregs of society.

[Anonymous No.50248020]

>>50247033

[Anonymous No.50248125]

>>50245588
I can cover 1k, but I don't own a home. Who's the real loser here?