.webp?h=8 "P-Hat (blue) - Ughhhh coming up with different descriptions for RuneScape party hats")
https://old.reddit.com/r/poor/comments/1ai1qov/america_is_unlivable
open question to non reddit soys because I am interested, my general impression is that these people are still fat as heck and order doordash 6 times a week while paying off a 100k car on credit.
If you make like 15$/hr mcdonaldings in America are are not r-slurred how is quality of life actually.
in the UK min wage generally means probably having to house share if you live in an urban area and having to eat non brand food
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The American poor have some of the highest quality of life of any poors, but are still poors, if that makes sense. They (we
) have access to the most of the same amenities as wealthsigmas, but much lower quality. Being poor is expensive; if you rent everything instead of owning it you don't build wealth.
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That doesn't make sense the way you described it. Obviously you're not accumulating wealth if your income is low, that alone doesn't make being poor more expensive.
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If you can't afford a $500 repair bill, you finance it, but you have shit credit, so you end up paying it off in 24 monthly payments of $60, because that's what you can afford. So you end up paying almost $1500 for a $500 bill.
All those numbers are made up, I'm not gonna try and figure using real interest rates of people with bad credit.
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having liquid cash is expensive too due to inflation.
And I'm not entirely sure about this, but my gut feeling is that when you can afford monthly $60 payments, you can also afford to just put a monthly $60 (or $20 which would be enough based on your "math") in an emergency fund beforehand. Sounds like a skill issue to me.
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Well yeah, part of being "poor" in current year America is being shit at planning ahead.
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