People Who Have Experienced Poverty Share What Most People Don’t Understand About Being Poor (34 Answers)

Thank god that donations are tax deductible, eh?

Ikr? They ear ten times our salary and then ask us to "support a cause"

F**K THE KARDASHIANSSS

1 million is a very small fraction of his income. to put this in perspective, his net worth (not his income from rapping) is apparently somewhere like 30 million in 2020. assuming half of it is invested in stocks, with a low-end yield of ten percent returns, yearly, is still going to be one point five million in largely passive income. this is ignoring that most people that wealthy will have their investments in places like hedgefunds, or other high-performance investments, that blow that ten percent return out of the water- and generally, you'll have a lot more than just half that invested. (it sitting around doesn't make all that much cash, relatively speaking.)

Have you never heard of the Bill Gates Foundation? Or have you been living under a rock? How about Dolly Parton giving millions to Covid vaccine research? There are many, many examples to choose from. This does not mean that I'm defending the super-rich in any way, but I don't believe that they're any better or worse now than they ever were.

Well, one recently tried to implode American democracy, let a pandemic kill over half-a-million citizens and sicken millions more, and then staged an actual coup with domestic terrorists and everything, for starters.

You don't hear about it because the contributions of the wealthy (and I don't say rich [there's a difference]) won't be disclosed. Are you not constantly plagued by people (or causes) asking for money? Believe me when I say you have no idea what is going on. Behind closed doors is the only way philanthropists can operate. Unfortunately, it's the same shameful way politics is operated.

Most wealth is generational.

the American dream is just that for 99% of us

Not working hard alone. You also have to be smart and have a plan. Like actually smart, not just good at something but overall like crazy smart and business minded and willing to do anything to make money. Either that or inherit or marry money.

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Ay. If hard work alone was all it took to be wealthy a lot of rich people would be dirt poor and a lot of people in so-called menial jobs or simply underrated jobs (teaching, care workers, nurses) would be up there with Bezos, Musk, et al.

Yeah and as if Jeff Bezos did half as much as this person has in his lifetime. He got money from his parents to start Amazon.

If you're very, very lucky, you might break even! People simply do not consider luck to be a factor at all, when sometimes its everything!

You can only succeed nowadays if you have money already, and connections. Don't even try otherwise.

I'm sure women in some African countries will be delighted to hear this /s

Would you consider yourself a success now? I'm just asking...

Yeah, c'mon Jan Glass, what happened?

And this anxiety about money never goes away, even after you start to make a lot of money. You still feel anxious about your bills, you feel anxious for buying yourself anything that seems nice, but that you need, like a coat or some shoes. Things you used to consider luxuries when you were poor. Yo uget anxious about spending it, saving it. The anxiety never completely clears...

Or better yet, what payment hasn't gone through yet?

I use to think that way also, but luckily most places have automatic payment which helps you to worry less

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What? Bad things are like cancer, dead parents or dead pets, abusive relationships etc. Money doesn’t buy those.

Where you live is critical --- 'food deserts' and corner shops indeed. And the cost of transport to your multiple low-paying jobs.

Plus there are studies that show that irregular income, unreliable employment, etc add to the incapability of having a consistent plan for food purchases or saving for a on emergency

Those small, independent convenience stores, the owners go to the grocery marts and buy their products to resell at nearly double the cost. If you see those guys that are purchasing entire stocks of product, they own a convenient store.

You dont spend more on a car than its worth. its dead and gone

Part of that is laziness. I see people crying poor all the time that spend $500 a month on junk food at the local donut shop, or massive amounts on addictions like gambling, drugs/alcohol/coffee. Having a pet when you can barely afford to feed yourself is another waste. More than half the people I meet that claim to be poor have enough money they are just poor money managers. Buying items at the corner store because you are too lazy to walk or take a bus a a few blocks to shop is a real cash eater. Proper cash man agent is a basic life skill that should be taught in school starting at about 10 years old so the people can learn how not to spend foolishly.

Amen. It's when you have to replace a tire on your car and find yourself having to decide between making rent or buying food. If you have credit you might put the tire on a credit card, which probably has a high interest rate because you're not making enough to get a card with a low rate. Then you struggle to pay the credit card payment and end up in a late payment loop until you can pick up side work or (if you're lucky) get a holiday bonus from work. It's just an endless cycle of BS until you somehow miraculously crawl out of it or die.