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Only Richest 20% of Americans Still Have Excess Pandemic Savings (www.bnnbloomberg.ca)

submitted 11 months ago by [email protected] to c/[email protected]

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[–] [email protected] 12 points 11 months ago (2 children)

How did people not lose money during the pandemic, besides being stupid rich? The one piddly payment and unemployment I got from being laid off was way less than my normal earnings, so the cost to survive had to eat into savings and go onto credit cards. I still haven't recovered.

[–] [email protected] 9 points 11 months ago* (last edited 11 months ago)

Personally, working from home provided huge cost savings. I was also able to drop my personal phone to a bare minimum since I was always home and on wifi.

[–] [email protected] 2 points 11 months ago

I took on a second job.

[–] [email protected] 6 points 11 months ago (1 children)

HOLD THE FUCK ON.

"Pandemic Savings"

That is a hell of a fuckin way to say "Profiteering"

[–] [email protected] 6 points 11 months ago (1 children)

Hold up. Top 20% in US is only about $130k. Fairly easy for a dual income house to make.

Not exactly the sort of people who are profiteering off others.

[–] [email protected] 3 points 11 months ago

I'm just below this bracket and have increased savings from the pandemic.

I go to work everyday and don't want to profiteer off anyone.

[+] [email protected] -4 points 11 months ago* (last edited 10 months ago) (4 children)

[deleted]

[–] [email protected] 12 points 11 months ago (1 children)

"Just spend less than you earn" fucking genius lol

Why hadn't anyone thought of that before?

[–] [email protected] 5 points 11 months ago

Where do you live? I feel like your experience is very much tempered by your cost of living.

[–] [email protected] 4 points 11 months ago (1 children)

It helps when you use birth control

[–] [email protected] 5 points 11 months ago (1 children)

Only rich people should have kids, only white people are rich, no I am not a eugenicist why do you ask

[–] [email protected] 3 points 11 months ago

I'd argue nobody should have kids. At least for 20 years.

[–] [email protected] 3 points 11 months ago

Spending less than you earn isn’t a realistic prospect for A LOT of people. In many areas the cost of living has increased so dramatically that even those pinching pennies, eating simple cheap meals like chicken and rice every night are feeling it. The inflation numbers being distributed by the government are at this point, a straight up fabrication, with no relation to how the economy is actually functioning. In terms of actual costs real people are paying, things have doubled or tripled in cost across the board since 2020 at the grocery store, not to mention how outrageous rent has become. Unless you are also doubling or tripling your income every few years, it’s easy to see where all that money is going.