this post was submitted on 10 Oct 2024
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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?

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[–] Rhynoplaz@lemmy.world 15 points 1 month ago (1 children)

I have a decent amount of money in a 401K that I can't touch, and some stocks I bought during a time when I fell into a bunch of money, but an unexpected $1000 would not be possible. I'm a 42 year old married man with 5 kids and a full time job at a small college.

I should be doing better than this.

[–] Cryophilia@lemmy.world 10 points 1 month ago (1 children)

With 5 kids, I'd say you're doing alright. Kids are so damn expensive.

[–] idunnololz@lemmy.world 3 points 1 month ago

Yeah being able to afford 5 kids is insane to me.