/biz/ - Business & Finance

[Anonymous No.53587077]

How come so many people don't have emergency savings?

[Anonymous No.53587092]

>>53587077

If I got cancer I'd let it take me

[Anonymous No.53587097]

I see money in account I must spend. I see no money in account I must spend. Simple as.

[Anonymous No.53587113]

>>53587077
1pbtid bot thread. likely the same "poster" as this thread. >>53584835 jannies clean this fucking garbage up.

[Anonymous No.53587118]

>>53587077
I wonder what % of euros can afford 1k for emergency expenses considering their average salary is like 25k a year

[Anonymous No.53587138]

>>53587097
What do you spend it all on?
>>53587113
No, fuck off.
>>53587118
Things cheaper, but likely it's very similar in Europe as well. I want to know why.

[Anonymous No.53587258]

>>53587077
it all boils down to our financial system
a debt based monetary system requires spending levels to always increase
this isn't even debatable, they advertise their inflation targets (albeit lower than reality)
saving money is harshly punished
those that do save almost have to put it into increasingly speculative assets
people are dumb, but there is a driving force pushing their behavior

[Anonymous No.53587285]

>>53587077
they can;t stop eating avocado toast

[Anonymous No.53587288]

>>53587258
But what's even a benefit of all of this? It seems to induce consumerism which is a drain on resources and time.

[Anonymous No.53587292]

>>53587077
this is me right now, fuck my life. Working on it.

[Anonymous No.53587311]

>>53587288
the "benefit" is that it destroys society which is what they want

[Anonymous No.53587363]

>>53587077
lol because the majority of people are slaves

[Anonymous No.53587375]

Most people don't spend time in the evening typing. They are out having drinks or dinner. Their weekends are booked with expensuve getaways and shop fir clothing daily when surfing on the internet

[Anonymous No.53587393]

>>53587375
And why do they do this?

[Anonymous No.53587405]

>>53587077
Credit access.

[Anonymous No.53587410]

>>53587288
politicians can always promise more than taxes can pay for
businesses get a steady flow of consumers
consumers are continually distracted from their actual lives (this is an unironic pro), "omg did you try the new caramel mocha grande with gold sprinkles". what they're really paying for is a 15 minute distraction from other things.

[Anonymous No.53587414]

>>53587077
Because rent is too damn high and wages are too damn low!

[Anonymous No.53587455]

I get deebly goncerned when my savings account dips below $2k and then go into survival mode for a couple months

[Anonymous No.53587479]

>>53587393
Boredom. Keeping up appearances. You name it.

Everything is cheap when money is.

If you've ever had a gf, you'd know all free time is filled in with silly activities

[Anonymous No.53587509]

>>53587455
I think people should probably have even more than 2k.
>>53587410
>>53587479
Is there anything to be done to improve the situation and get people to save up more?
>>53587258
And get out of this bind too?

[Anonymous No.53587518]

>>53587077
There's a lot of worthless non-whites in Amerika

[Breakroom !!1sGRVCL7Exa No.53587519]

>How come so many people don't have emergency savings?
My rent is $1200/mo. Any funds left over goes straight into the purchasing of pain pills.

[Anonymous No.53587536]

>>53587077
Because they invest it all... Right?

[Breakroom !!1sGRVCL7Exa No.53587553]

>>53587536
I've had better payouts just playing scratch tickets.

[Anonymous No.53587593]

>>53587077
These "studies" are always misleading and made to grab headlines, if you go into details they were only asking how much money people could take out of their savings accounts in an emergency, the number comes out low because most people have the majority of their money tied into things like investments, don't believe that everyone is as poor as these headlines make them out to be.

I for one would have to say I don't have $1,000 in "savings" to cover an emergency expense, because I don't even have a savings account and all my extra cash goes into my Fidelity investment accounts.

[Anonymous No.53587596]

>>53587553
Are you the Walmart Wagie?

[Anonymous No.53587604]

>>53587288
It creates the illusion of prosperity because it meets the criteria for a highly flawed definition of prosperity. When people say the country is Jewed, this is the sort of shit they're talking about. It's using a bunch of rhetoric and pilpul to needlessly complicate something that should be incredibly simple all so that it can make the people doing the smooth talking and the complicating richer and richer. The bigger the lie, the more angry people who can see the lie get and right now the lie is so big that it encompasses pretty much every aspect of existence. It's huge amounts of effort to convince people that the only way for an economy to operate is to burn down the currency so people go out and spend it on shit that shouldn't even exist in the first place. This sort of extremely myopic, "cut off your nose to spite your face" sort attitude justified through unrelenting and intelligence-insulting deception has come to be synonymous with the worst elements of Judaism.

[Anonymous No.53587610]

>>53587519
Rent is a problem in my country too, that is true. I lucked out that my parents have property in a city where I study and want to work in, so that helps. Otherwise you either have to live without savings, get a mortgage and be debt slave or maybe live with parents and try to find work where you live.
I wonder how to solve this shit to make housing a bit more affordable.

[Breakroom !!1sGRVCL7Exa No.53587658]

>>53587596
Yeah, it's me. What's going on, lil'man?

>>53587610
>I wonder how to solve this shit to make housing a bit more affordable
Me too. Sadly the buisness will be exposed by the time I'd find out.

[Anonymous No.53587688]

>>53587077
> Called “Yuropoor” daily on biz by Muricans
> Have well over 80K in savings
> 56% of you don’t even have 1K in savings

Disgusting.

[Anonymous No.53587697]

>>53587658
Do you hold any WMT?

[Breakroom !!1sGRVCL7Exa No.53587726]

>>53587697
No. It's my money and I need it now. Maybe if I was making $20/hr or something...

[Anonymous No.53587744]

>>53587688
if you are talking about retirement savings then the average American probably has twice what you have, the headling from OP is just clickbait, stay poor Europoor.

[Anonymous No.53587752]

>>53587077
Because wages haven't kept up with inflation

[Anonymous No.53587815]

>>53587077
Because they're stupid yolos that squander their money on shit they don't need or can't afford.

[Anonymous No.53587871]

>>53587744
I’m talking savings account, not a 401K or w.e. the fuck Americans call their retirement funds.

[Anonymous No.53587881]

>>53587077
Who the hell lets their money inflate away in (((savings)))

[Anonymous No.53587919]

they are non white

[Anonymous No.53587936]

>300k net worth
>$1500 in my bank account
ah jeez I'm just so broke thanks for the free health insurance ah oh no bro one single EMERGENCY WEEWOOWEEWOO would take me out

[Anonymous No.53587945]

Yes I wonder why

[Anonymous No.53588005]

>>53587405
>>53587936
Unironically the real answers.

[Anonymous No.53588055]

>>53587945
>you vill own nothing

[Anonymous No.53588185]

>>53587258
We simply produce so much so efficiently that we have to gear all of society toward consuming or we will not be able to move enough goods to remain profitable. This is a great book on the subject, basically consooooooom before the meme was invented

[Anonymous No.53588226]

>>53587726
>cans of beans slowly being crushed by pallets of water
Clean it up, wagie.

[Anonymous No.53588249]

>>53587092
My grandpa did this, I really wish he didn't. Never even told anyone until he finally went

[Anonymous No.53588312]

>>53587604
>The bigger the lie, the more angry people who can see the lie get and right now the lie is so big that it encompasses pretty much every aspect of existence.
nice

[Breakroom !!1sGRVCL7Exa No.53588375]

>>53588226
Sorry I'm not a maintenence associate. They make the bucks.

[Anonymous No.53588397]

Normalfags are terrible with money

[Anonymous No.53588481]

>>53588005
Not even close. The median US wage is 33k before taxes

[Anonymous No.53588508]

>>53587077
>>53587393

[Breakroom !!1sGRVCL7Exa No.53588522]

>>53588481
Someone tell the zoomers this.

[Anonymous No.53588527]

>>53588249
Im sorry anon. Maybe he just didn't want to be a spectacle. My grandmother passed from cancer last year and watching it all unfold wasn't pleasant at all.