Despite the strong job market, most Americans don't have enough emergency savings. More than two-thirds of people in the US — 68 percent — say they're worried they wouldn't be able to cover their living expenses for just one month if they lost their primary source of income tomorrow, according to a recent Bankrate survey.
In part, this can be seen in the growth of the subreddit 'Poverty Finance.' The firs time we wrote about it in 2021, the online community had 847K members. Now, the number has more than doubled, standing at 1.9 million. So since financial struggles have remained a pressing issue, we have decided to revisit this corner of the internet, and show you what the gang have been posting lately.
This post may include affiliate links.
Same Here My Brother
2meirl4meirl
To Be Honest
Money buys survival. Try being happy when you're starving to death in the middle of the street. "Nobody wants to work anymore". NO! We never WANTED to work. We work because dying of poverty is the ONLY other alternative for most of us.
People say sosialism is for weak or dumb states, but in reality sosialism pays you a little money every month so you dont Jack up crime rates and hang in the streets every day. Its very smart and so mych easier.
Load More Replies...
Money alleviates a huge amount of stress and anxiety. Money buys a safer environment, physical comfort, medical and dental care. Money can't make you happy, but it can sure take away a lot of the problems that make people unhappy.
Agreed!! I would be A LOT happier if I had MORE money to spend on “a safer environment, physical comfort, medical and dental care…” Conversely, I would be A LOT happier if “a safer environment, physical comfort, medical and dental care” cost a lot less.
Load More Replies...
Rich people say money doesn't buy happiness in an attempt to dissuade hungry poor people from eating them.
Load More Replies...
Money= Necessities Necessities = Peace Peace = Happiness ✨Girl math✨
You don't always need money to be happy, but having money does make it easier. When you don't have to worry about you basic necessities like food, you have room for happiness.
Indeed. A sense of security does wonders for digging a soul out of constant worry
Load More Replies...
Money is peace of mind and safety it’s just sucks living day to day when anything could happen
And when u aren't constantly worrying about money, u can focus on things that actually MAKE you happy
Since when did it become mandatory for work to be "fun." It's called work because in most cases it isn't.
Money can’t buy happiness but it can buy you doggos and that’s close enough
Knowing my kid has a roof over his head and food in his belly and a warm place to sleep sure makes me happy, I dunno about the rest of you...
My mother's answer was that If she had to be miserable, she preferred to be so wíth money rather than without
Money does buy happiness, absolute b******t from the idiot that started this.
There was a study done on this very point--it found that money increases happiness up to a point. Once you have enough to cover your necessities (meaning good housing, good food, etc., not just barely sleeping indoors), a cushion for emergencies, and a reasonable amount of "fun money," having more doesn't do anything for you, happiness-wise. (At the time of the study, the amount they landed on was $75K a year, but that was a while ago, so it will have gone up.) So the saying is good advice for rich people, but flat-out wrong for those who are struggling to afford a decent life.
Being broke gives me the motivation to actually cook my food and use the "emergency" rice.
Through my 47 years of life experience, I can tell you without a doubt; money does not buy happiness. It does however, make misery a lot more tolerable 😬
This Post Brought To You By My Third "New" Tire This Year Since I Can't Afford A Full Set
I'd never buy one tire (unless I had one ruined by a puncture). It's always better to buy two at a time otherwise the wear is unbalanced and they don't last as long. It really sucks if you can't afford to do that :(
I Think About It Every Day Too, But For Different Reasons
We didn't need science to tell us that LOL I already know I'm stressed!
We All Know Someone Like This
Checks Out
This is a catch 22 for the banks though. They've come under fire for lending too much, too easily to people who can't service the loans (or at least have difficulty doing so). So refusing to lend people money if they'd struggle to pay it off is actually them being *more* ethical. So refuse to lend, they're bastards for refusing. Merrily lend, they're bastards for foreclosing on people when they can't pay. The killer is, as it's always been saving that damned deposit. The biggest problem is inflation has made the deposit so big it's almost unachievable :(
Preaching To The Choir
When This Hits
I have always wanted to win an appliance. I like getting useful gifts. Ironically, when I enter a raffle or a lucky draw, I usually win something I can't use myself. So far, I have won a cd from famous artists who I don't even like, so many dolls, a photo album of japanese boy bands whose name I don't even know, a bicycle that is far too small for me, a woman blouse (I am a man) and other things I can't quite remember. The most useful thing I have ever won is an electric kettle.
Can Anyone Explain Where My Starbucks Money Is Going?
I haven't bought Starbucks in over a decade. I should be a billionaire! 😂
My Current Financial Strategy
Goddamnit
At least I can starve and freeze to death with a roof over my head 👍
Tell Me About It
It's A Real Struggle Out Here. We Barely Make Enough To Support Ourselves
Why do they need to be replaced!? And there’s enough people here already, more than enough in fact
Sad In A Way You Just Gotta Laugh It Off As You Take It
Guy I’m Talking To Told Me This: Thought It Belonged Here
Ridiculous
Federal minimum wage in my country is USD $15 an hr. Average monthly rent here is USD $1,575. It really amazes my why anyone would want to migrate to the US.
Hm
Is that even possible though? There's just something about seeing a lounge, or dinner table or whatever sitting on the curb that screams "you should check that out" no matter how well off you are.
Too Close To Home
Every. Freaking. Time
It's the water bill for me. For some reason the city only bills us quarterly for water and that means an automatic $150+ bill every three months. I don't know why they do this. They don't know why they do this, but it just is how they do this.
Accurate, I Love Spending Time At Home
This Hit Close To Home
I never sign up for anything that asks for my bank account details, for this very reason.
Let The Good Times Roll
Relatable
I've broken my body, never complained, never took time off when my back and knees hurt so bad I could barely walk so I'd seem like a dedicated employee only to have them hassle me when I needed a couple extra days after my dad died. 19 years at that company and I knew I had to get out of there. Take care of yourself. Work your scheduled hours, go home and have a life. Companies don't care about you no matter what BS they try and sell you. Self employed now - broke - but happy in what I do.
Who Made This Meme About Me ?
"If I sleep through the weekend, that's two whole days I do not have to worry about food, electricity, water, etc.."
Bought A Burger For Dinner. "A" Burger
Got Myself A Motivational Pin At The Thrift Store
In Trying Times Like These, It's Important To Remember This Advice
I Used To Think Going To Macdonald’s When I Was Young Was Exquisite
Kids with a playground in their backyard, or a tree house.
Me After Paying Rent And Bills This Month
My niece dating now--"you have the WHOLE basement to yourself....hey boy haaayyy"
The jerks who howl that increasing the minimum wage will result in $20 tacos and robotized restaurants clearly have never tried to live on minimum wage.
We’re already paying $20 for tacos. they just skipped the increased wage part
Load More Replies...
I adore vampire movies, books, and shows because I'm so curious how they can afford being alive forever.
Easy, eat and rob some rich people, then invest the money for a few centuries. It's not like they need to buy groceries. Free meals are just walking around. Or be like Lestat, and inherit a treasure trove from your maker. 😄
Load More Replies...
Being considered poor would actually be a step up from my current financial situation.
$10 per hour wage in australia is livable only if the govt. removes income tax and gst.
Where I live wages were raised. Then five months later costs for all life essentials tripled. Sometimes I wonder if there is a connection.
The jerks who howl that increasing the minimum wage will result in $20 tacos and robotized restaurants clearly have never tried to live on minimum wage.
We’re already paying $20 for tacos. they just skipped the increased wage part
Load More Replies... I adore vampire movies, books, and shows because I'm so curious how they can afford being alive forever.
Easy, eat and rob some rich people, then invest the money for a few centuries. It's not like they need to buy groceries. Free meals are just walking around. Or be like Lestat, and inherit a treasure trove from your maker. 😄
Load More Replies... Being considered poor would actually be a step up from my current financial situation.
$10 per hour wage in australia is livable only if the govt. removes income tax and gst.
Where I live wages were raised. Then five months later costs for all life essentials tripled. Sometimes I wonder if there is a connection.
