this post was submitted on 13 Aug 2024
25 points (100.0% liked)

Personal Finance

3802 readers
1 users here now

Learn about budgeting, saving, getting out of debt, credit, investing, and retirement planning. Join our community, read the PF Wiki, and get on top of your finances!

Note: This community is not region centric, so if you are posting anything specific to a certain region, kindly specify that in the title (something like [USA], [EU], [AUS] etc.)

founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 0 points 2 months ago (1 children)

If you consider yourself broke and would like help, please make a post here. I and many others would love to help, but we need some information, such as:

  • household income
  • monthly expenses - broken down by category, like rent, utilities, groceries, restaurants, etc
  • debts - amount owed by account, type of account, interest rate, minimum payment
  • assets - value of car(s), cash, etc
  • skills/education - in case we want to explore more ways to make money

A lot of people get discouraged and believe that they're screwed, but I firmly believe there's always a way to financial stability, it just takes a lot of work and humility.

[–] [email protected] 0 points 2 months ago* (last edited 2 months ago) (1 children)

That's very noble of you, but in our capitalist systems, those who provide the most needed and valuable services are often paid the least. You may feel that telling someone to get better educated and moving somewhere cheaper will solve their problem, but then someone else will fill their past role. Our most expensive cities will always need janitors, line cooks, laborers, shelf stockers and many other roles that will never pay much. We can't all be coders making 6 figures working remotely from bumbfuck nowhere. This doesn't even take into account disabled people who can't provide much or any value in the eyes of our system. You basically want to tell people to bootstrap, just in a gentler way.

[–] [email protected] 0 points 2 months ago (1 children)

I'm not sure why you got up on your soapbox to put someone down like that. They didn't say any of the things you said. Their comment isn't even edited, and yours is...

[–] [email protected] 0 points 2 months ago (1 children)

Because this is a forum where people share perspectives. If you don't want to hear them then don't read the comments.

[–] [email protected] 0 points 2 months ago (1 children)

Lol. You wrote a comment in reply to another comment. Usually replies are for responding to what the preceding comment said. Perspectives that follow the preceding perspectives.

If you want to say something about things that nobody has said, you can just make a new post.

[–] [email protected] 0 points 2 months ago* (last edited 2 months ago)

The original post is that 50% of Americans consider themselves 'broke'.
@[email protected] a solution that would be considerate if 0.1% of working class Americans considered themselves broke.
@[email protected] offers an analysis why a 'pull yourself together' solution doesn't work when the issue starts hitting 50+% of a nation. That means there's something systemically going wrong and any suggested 'pull yourself by the bootstraps' solution is going to be met with more and more anger from a larger and larger crowd.