return2ozma@lemmy.world to Work Reform@lemmy.world · 1 year ago63% of US workers unable to pay a $500 emergency expense, survey findswww.cnbc.comexternal-linkmessage-square51fedilinkarrow-up1417arrow-down17cross-posted to: news@lemmy.world
arrow-up1410arrow-down1external-link63% of US workers unable to pay a $500 emergency expense, survey findswww.cnbc.comreturn2ozma@lemmy.world to Work Reform@lemmy.world · 1 year agomessage-square51fedilinkcross-posted to: news@lemmy.world
minus-squareescapesamsara@discuss.onlinelinkfedilinkarrow-up2·1 year agoFinancially illiteracy is a point; but it’s not a point for 50+% of the US. Median wage is $50k/year, which is far too low to ever purchase a home, so they’re affected by the median rent being $1,383. which is half their net income.
minus-squarebob_wiley@lemmy.worldlinkfedilinkEnglisharrow-up1arrow-down1·1 year ago$500 is savings is a much lower bar than buying a home.
Financially illiteracy is a point; but it’s not a point for 50+% of the US. Median wage is $50k/year, which is far too low to ever purchase a home, so they’re affected by the median rent being $1,383. which is half their net income.
$500 is savings is a much lower bar than buying a home.