Your comments make me think you've never seen hardships in your life that weren't self-afflicted.

Life can be cruel even if you've made great plans and took all the precautions you could think of. Illnesses, accidents, the lack of a social net because your country was set up that way, crime, the list goes on.

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koakuma-chan 4 days ago | parent [-]

Illnesses and accidents are exactly the things you need savings for, and aren't really relevant here because they don't prevent you from saving until and after they happen. The issue appears to be that 50% of Americans live paycheck-to-paycheck and have no savings? I can't imagine how this could be anything other than them just spending money on shit they don't need.

And yes, I am assuming you live in a developed country. I have Ukranian citizenship and right now the Ukrainian government is abducting men who are over 24 years old and sends them to death. If you live in a country like that, true, you shouldn't worry about investing because you don't even have basic human rights.

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bilekas 4 days ago | parent | next [-]

> The issue appears to be that 50% of Americans live paycheck-to-paycheck and have no savings? I can't imagine how this could be anything other than them just spending money on shit they don't need.

Or that there's no standard minimum wage, or income protection if something does go wrong. Student debt is crippling to people in itself never mind hospital events.

That's so many people you should think "something must be wrong with the system"

> Illnesses and accidents are exactly the things you need savings for

It shouldn't be though, if you pay taxes, the government should be there for you in an emergency when it comes to health.

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koakuma-chan 4 days ago | parent [-]

> It shouldn't be though, if you pay taxes, the government should be there for you in an emergency when it comes to health.

As far as I know in the US your employer provides health insurance?

	▲	array_key_first 4 days ago \| parent \| next [-]
		Some jobs provide healthcare, many don't. Many people here, if they are not educated, are forced to work manual labor jobs. Those jobs will always work you under full-time, so they don't have to give you insurance. Usually that means you have to work another job. People who haven't lived that life just don't get. It just doesn't click in your head. You can work 60 hours a week and just barely make rent and food. Not only can you do it, I think most people are. And there's nothing you can do. There is no higher paying job waiting for you somewhere, because you don't have a college degree. How're you gonna get a college degree when you work 60 hours a week? Hm? You're not. You're stuck. Your best shot, really, is to work up through management. That's why you'll see people working at the same restaurant for 20 years. They must be so stupid, why don't they get a real job? No, actually, that's probably their best bet.
	▲	whoooboyy 4 days ago \| parent \| prev [-]
		Oh. No. Not in most jobs. Many jobs do provide some health care. If you are working many jobs in the US you get no health care. You have to pay for it yourself. Even jobs that provide it you still need to pay for it. The employer basically pays a portion of the insurance bill. Good employers pay a lot, bad employers pay none. Then you have deductibles. The amount you have to pay out of pocket every year before insurance does anything. If you have a ten thousand dollar deductible, insurance only kicks in at $10,001 and beyond.

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whoooboyy 3 days ago | parent | prev [-]

Shit you don't need like what? Rent is over 40% of pre tax income for most Americans. Health care is 30% of income for lower income Americans.

That's not leaving a lot of space for food, clothing, heating, transportation, education, entertainment, etc.