I just want to know what type of emergency only costs $500 anymore?
63% of US workers unable to pay a $500 emergency expense, survey finds
Submitted 2 years ago by return2ozma@lemmy.world to workreform@lemmy.world
Comments
AnotherPerson@lemmy.world 2 years ago
Tolookah@discuss.tchncs.de 2 years ago
Uber to the hospital.
Emergency pizza and ice cream?
inclementimmigrant@lemmy.world 2 years ago
A simple blown tire that renders you only reliable way to work that doesn’t pay enough to cover your basic living expenses is a catastrophic emergency that could cost around 500 bucks.
southsamurai@sh.itjust.works 2 years ago
A part of a tree falling on your windshield.
Seriously, that’s what it ended up costing me, and I did part of the body work needed to be able to fit a new windshield in right. If I hadn’t kept the tools around, that would have been another 500.
Mind you, the 500 I did pay out included some other body work I just couldn’t physically do. The glass and installation of the glass was “only” 150 ish (can’t remember what the tax was).
The one before that, that was barely under 500 was the AC unit for the house freezing up and fucking the compressor.
And 500 is a single emergency. You get hit by multiple, and you’re fucked .
SocialMediaRefugee@lemmy.world 2 years ago
Had a tree limb fall during a storm and crush my wife’s car roof. That was an f.u. moment.
ohlaph@lemmy.world 2 years ago
Exactly. A cheap car repair is that with labor. Add kore than one thing in a few months and most people start to really bleed.
AccmRazr@lemm.ee 2 years ago
And somehow these CEOs are still talking about pandemic money 3 years later.
jubilationtcornpone@sh.itjust.works 2 years ago
They are. And it would be funny if it weren’t such utter bullshit. As if the sizeable chunk of the population that lives paycheck to paycheck could actually afford to hold on to a couple thousand dollars in stimulus funds. When shit is waaayyyy more expensive than it was 3 years ago and wages haven’t really climbed that much.
Morcyphr@lemmy.one 2 years ago
My employer got $600,000 in ERC. Meanwhile, I haven’t had a pay increase in over 2 years. Been with the company for over 10 years.
ohlaph@lemmy.world 2 years ago
The $800 stimi will never be forgotten.
greendakota99@lemmy.world 2 years ago
The “pandemic money” is the $2,000 I was given 3 years ago? No, I still have that squared away in case of a rainy day.
Clown_Tempura@lemmy.world 2 years ago
Nobody has any fucking money. You can’t afford medical, you can’t afford a house, you can barely afford a car. You can barely afford rent. Everything is more expensive. Food, gas, everything. Wages can’t keep up with inflation and employers could give a shit.
CADmonkey@lemmy.world 2 years ago
And yet nothing is being set on fire.
ilickfrogs@lemmy.world 2 years ago
Time for a good old fashioned French revolution.
SocialMediaRefugee@lemmy.world 2 years ago
That worked out so well…
dangblingus@lemmy.dbzer0.com 2 years ago
How employers may help change that? PAY YOUR FUCKING PEOPLE MORE MONEY.
quams69@lemmy.world 2 years ago
I work full time for CVS and I have 26 cents in my bank account, nevermind 500. I literally cannot save, every cent is expenses.
Sanctus@lemmy.world 2 years ago
I’m tired, boss.
malloc@lemmy.world 2 years ago
This is why predatory payday loan companies still exist.
1984@lemmy.today 2 years ago
The land of the fee.
okamiueru@lemmy.world 2 years ago
America is kinda fucked up. Seeing it from the outside, nothing is surprising, the solutions are fairly obvious. If nothing else, the direction in which to go. Yet, it’s just dumb and dumber.
You had a real shot at change with Bernie Sanders. At least one of the three pieces. At this point, you’ll have a revolution within the next 5-10 years that changes the two party system, or it’s lights out.
SCB@lemmy.world 2 years ago
Neither of these options is going to happen. The country will not fail, and there will be no revolution.
librechad@lemm.ee 2 years ago
Whatever happened to Andrew Yang? Been praying for my universal income
BrandonMatrick@lemmy.world 2 years ago
Yanggang is still around, but it’s not looking likely we’re getting any kind of party nomination. I think it’s microwaved Bidem for dinner this round.
SocialMediaRefugee@lemmy.world 2 years ago
I still see LOTS of people with massive trucks, muscle cars and SUVs though.
CADmonkey@lemmy.world 2 years ago
Next time you see one of the fancy lifted “brodozer” trucks, pay attention to the tires. Often times they’re in bad shape, nearly worn out.
That’s because they bought this thing for $700 per month and never took into account that the fancy tires are $300+ each.
bob_wiley@lemmy.world 2 years ago
[deleted]dfc09@lemmy.world 2 years ago
True, financial literacy is pretty lacking, but that’s more of an education issue than “their fault”
Most dealerships and banks will happily approve a loan that’s too high to be realistic. It’s predatory, I make $20/hr and got approved for up to $300k for a mortgage. I bought a house worth half that and it’s still a lot. Just feel like banks really shouldn’t let people sign loans worth 80% of their monthly income
escapesamsara@discuss.online 2 years ago
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.
Strangle@lemmy.world 2 years ago
How much has the price of milk gone up in the last 4 years?
inclementimmigrant@lemmy.world 2 years ago
Same article from decades ago. This is nothing new, it’s not gotten better, it won’t get better anytime soon.
yessikg@lemmy.film 2 years ago
Employers could pay their employees’ student loans, stop forcing them to commute, and pay them well
luckyhunter@lemmy.world 2 years ago
“Rich men North of Richmond” intensifies!
Hazdaz@lemmy.world 2 years ago
Americans live above their means.
SoBoredAtWork@lemmy.world 2 years ago
Yeah. Too much avocado toast. /s
LaunchesKayaks@lemmy.world 2 years ago
God forbid I treat myself to something nice once a year.
lapommedeterre@lemmy.world 2 years ago
That’s no bueno
BertramDitore@lemmy.world 2 years ago
What the fuck is this? “How employers might help change that” Answer: they wont, they just might be forced to let employees give themselves a fee-free loan from their own retirement account, oh and here’s a slightly different new emergency savings account. It’s still all just your money…What the actual fuck?
What about the half of US workers that don’t have a retirement account? I guess fuck them?
Isn’t the answer simple? HIGHER WAGES.
Man, this made me incredibly angry.
SCB@lemmy.world 2 years ago
Paying higher wages doesn’t get people to start bank accounts, much less retirement accounts.
Many people on the poorer end of the spectrum literally hide money in their walls/mattresses rather than get bank accounts - I know many of these people firsthand.
dangblingus@lemmy.dbzer0.com 2 years ago
A bank account isn’t going to magically make you richer.
lateraltwo@lemmy.world 2 years ago
Higher wages or lower costs, but lower costs would kill the stock market
mayo@lemmy.today 2 years ago
And if you’re in a HCOL city the municipality is probably thriving off the property taxes.