2/3 of US would struggle to cover $1,000 crisis

[BuffaloBud]

I could but there would be some definite pressure on the budget after the fact.

[4merper4mer]

Understood, but with the remaining money you can't set aside $20 per week to save $1040 over the course of a year? You have to admit that most people piss away far more than $20 per week on nonsensical **** that they have no need for. I am not trying to claim sainthood here as I am as guilty as anyone but I do have money set aside for the emergency situation that will inevitably occur.

Did the article mean just a single 1k expense or being able to cover one for everybody?

[sodbuster]

There are no poor people in America.

Only idiots who complain that they don't have as much stuff as their neighbor.

 

Seriously, welfare alone is more money than 90% of the rest of the planet's average annual income.

No, there are truly poor people in this country, it's just that there are far, far fewer than some want you to believe.

[Just Jack]

Without touching any credit cards or getting loans, I could cover a $5K crisis right now. Including credit cards, well, let's just say I've scared myself with how much I have available there.

[PromoTheRobot]

There are no poor people in America.

Only idiots who complain that they don't have as much stuff as their neighbor.

 

Seriously, welfare alone is more money than 90% of the rest of the planet's average annual income.

Then why don't more people just drop out and sign up for welfare if it's like Club Med?

[Maury Ballstein]

Without touching any credit cards or getting loans, I could cover a $5K crisis right now. Including credit cards, well, let's just say I've scared myself with how much I have available there.

Time to hunt for just jacks safe

[4merper4mer]

Then why don't more people just drop out and sign up for welfare if it's like Club Med?

 

 

Because capitalism provides opportunity to do more than that all the while funding welfare. Human nature is a multifaceted thing but a strong component of it is to strive to excel. This compulsion drives effort where there is a reward at the other end. If the reward is too hard to see then the status quo becomes the goal, like in commieville.

[Just Jack]

Time to hunt for just jacks safe

You'll never find my Folgers coffee cans hidden in the woods by the third maple tree with the weird knot halfway up its trunk.

[DC Tom]

A "$1,000 crisis?" I've never seen a crisis that cheap. If you can't cover a "$1,000 crisis," you can't manage your money or a crisis.

[PromoTheRobot]

 

 

Because capitalism provides opportunity to do more than that all the while funding welfare. Human nature is a multifaceted thing but a strong component of it is to strive to excel. This compulsion drives effort where there is a reward at the other end. If the reward is too hard to see then the status quo becomes the goal, like in commieville.

But capitalism also creates inequalities where hard working people are driven to poverty. For example, factory workers whose plant closes because the venture capitalists can profit by doing so.

 

The middle class that defined America is vanishing and the number of those living in poverty is increasing. It's convenient to believe that flaws in character is what makes one man wealthy and another destitute.

[4merper4mer]

A "$1,000 crisis?" I've never seen a crisis that cheap. If you can't cover a "$1,000 crisis," you can't manage your money or a crisis.

 

 

Had Joe survived San Diego his crisis would have cost about $1000 to treat. Just an example.

[4merper4mer]

But capitalism also creates inequalities where hard working people are driven to poverty. For example, factory workers whose plant closes because the venture capitalists can profit by doing so.

 

The middle class that defined America is vanishing and the number of those living in poverty is increasing. It's convenient to believe that flaws in character is what makes one man wealthy and another destitute.

 

 

Note that I did not say anything about individual people, just human nature in general. Note that I did not utter a word about character flaws. Note that the original point you tried to refute was that US welfare recipients have more income than 90% of the world's population. Note that this 90% is simply of the people alive today, when you look at this over time, the US poor are "richer" than 99+% of people who have ever lived, including ancient kings and queens. Note that the factories being closed were opened by capitalists in the first place. Note that trying to equalize incomes will result in the gradual stripping away of the incentive to excel which is such a big part of human nature. Note that it has done this in all of the communized world and the only ones who excel there are those in power and criminals....and these are often the same individuals.

[Fadingpain]

 

 

Because capitalism provides opportunity to do more than that all the while funding welfare. Human nature is a multifaceted thing but a strong component of it is to strive to excel. This compulsion drives effort where there is a reward at the other end. If the reward is too hard to see then the status quo becomes the goal, like in commieville.

For your sake I hope you're really young.

A "$1,000 crisis?" I've never seen a crisis that cheap. If you can't cover a "$1,000 crisis," you can't manage your money or a crisis.

[PromoTheRobot]

 

 

Note that I did not say anything about individual people, just human nature in general. Note that I did not utter a word about character flaws. Note that the original point you tried to refute was that US welfare recipients have more income than 90% of the world's population. Note that this 90% is simply of the people alive today, when you look at this over time, the US poor are "richer" than 99+% of people who have ever lived, including ancient kings and queens. Note that the factories being closed were opened by capitalists in the first place. Note that trying to equalize incomes will result in the gradual stripping away of the incentive to excel which is such a big part of human nature. Note that it has done this in all of the communized world and the only ones who excel there are those in power and criminals....and these are often the same individuals.

Thanks Ayn Rand.

[Mike in Horseheads]

Just paid 2k at vet. Now I'm broke.

I just agreed to pay some smoe $1,400 to do a bunch of landscaping in my back yard.Figured I was just out of your service area.

[Tiberius]

Every person I see driving a big pick up truck that isn't using it for their job I consider a bad money manager

 

Every person I see smoking cigarettes I consider a bad money manager

 

And a whole bunch of other things people waste money on. Not surprising that people can't handle a $1000 bill

[4merper4mer]

Thanks Ayn Rand.

 

 

NP Karl

For your sake I hope you're really young.

 

 

 

So what is your take on human nature there old guy?

[DriveFor1Outta5]

I don't even want to join this argument as these posts are ridiculous. Haven't any of you ever heard of people living paycheck to paycheck? of course $1,000 might be something a lot of people don't have. I don't understand how welfare even became part of the argument. That's not what it was about. It was about the ability to withstand a $1,000 loss. Let's says you earn 25K a year and you obviously have to pay for somewhere to live. A $1,000 emergency fund is not something you're going to have. That being said, the example of someone making 100K a year, and not having $1K is slightly flawed. It all depends were you find your population sample. The results of the poll on this post prove that posters on this forum are likely to have a higher income. It's as simple as that. The demographic of this forum is mostly conservative white men. There's nothing wrong with that. I'm not a socialist who wants a revolution to redistribute wealth, but I don't feel people's need to insult others because of what they don't have. Plenty of people truly do waste money. This applies to both the poor and well to do. There are people who make 20K a year and waste, but there's just as many who make 100K a year who are wasteful as well. The article proves.

Edited May 20, 2016 by DriveFor1Outta5

[4merper4mer]

I don't even want to join this argument as these posts are ridiculous. Haven't any of you ever heard of people living paycheck to paycheck? of course $1,000 might be something a lot of people don't have. I don't understand how welfare even became part of the argument. That's not what it was about. It was about the ability to withstand a $1,000 loss. Let's says you earn 25K a year and you obviously have to pay for somewhere to live. A $1,000 emergency fund is not something you're going to have. That being said, the example of someone making 100K a year, and not having $1K is slightly flawed.

 

 

It says that number is 38%

[TakeYouToTasker]

But capitalism also creates inequalities where hard working people are driven to poverty. For example, factory workers whose plant closes because the venture capitalists can profit by doing so.

 

The middle class that defined America is vanishing and the number of those living in poverty is increasing. It's convenient to believe that flaws in character is what makes one man wealthy and another destitute.

If you can accomplish these three things, you have an exceptional chance of not being poor in America:

 

1. Don't get pregnant out of wedlock

2. Graduate from high school

3. Get and keep a job