Despite the strong job market, most Americans don't have enough emergency savings. More than two-thirds of people in the US — 68 percent — say they're worried they wouldn't be able to cover their living expenses for just one month if they lost their primary source of income tomorrow, according to a recent Bankrate survey.
In part, this can be seen in the growth of the subreddit 'Poverty Finance.' The firs time we wrote about it in 2021, the online community had 847K members. Now, the number has more than doubled, standing at 1.9 million. So since financial struggles have remained a pressing issue, we have decided to revisit this corner of the internet, and show you what the gang have been posting lately.
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Same Here My Brother
2meirl4meirl
To Be Honest
Money buys survival. Try being happy when you're starving to death in the middle of the street. "Nobody wants to work anymore". NO! We never WANTED to work. We work because dying of poverty is the ONLY other alternative for most of us.
This Post Brought To You By My Third "New" Tire This Year Since I Can't Afford A Full Set
I'd never buy one tire (unless I had one ruined by a puncture). It's always better to buy two at a time otherwise the wear is unbalanced and they don't last as long. It really sucks if you can't afford to do that :(
I Think About It Every Day Too, But For Different Reasons
We didn't need science to tell us that LOL I already know I'm stressed!
We All Know Someone Like This
Checks Out
This is a catch 22 for the banks though. They've come under fire for lending too much, too easily to people who can't service the loans (or at least have difficulty doing so). So refusing to lend people money if they'd struggle to pay it off is actually them being *more* ethical. So refuse to lend, they're bastards for refusing. Merrily lend, they're bastards for foreclosing on people when they can't pay. The killer is, as it's always been saving that damned deposit. The biggest problem is inflation has made the deposit so big it's almost unachievable :(
Preaching To The Choir
When This Hits
I have always wanted to win an appliance. I like getting useful gifts. Ironically, when I enter a raffle or a lucky draw, I usually win something I can't use myself. So far, I have won a cd from famous artists who I don't even like, so many dolls, a photo album of japanese boy bands whose name I don't even know, a bicycle that is far too small for me, a woman blouse (I am a man) and other things I can't quite remember. The most useful thing I have ever won is an electric kettle.
Can Anyone Explain Where My Starbucks Money Is Going?
I haven't bought Starbucks in over a decade. I should be a billionaire! 😂
My Current Financial Strategy
Goddamnit
At least I can starve and freeze to death with a roof over my head 👍
Tell Me About It
It's A Real Struggle Out Here. We Barely Make Enough To Support Ourselves
Why do they need to be replaced!? And there’s enough people here already, more than enough in fact
Sad In A Way You Just Gotta Laugh It Off As You Take It
Guy I’m Talking To Told Me This: Thought It Belonged Here
Ridiculous
Federal minimum wage in my country is USD $15 an hr. Average monthly rent here is USD $1,575. It really amazes my why anyone would want to migrate to the US.
Hm
Is that even possible though? There's just something about seeing a lounge, or dinner table or whatever sitting on the curb that screams "you should check that out" no matter how well off you are.
Too Close To Home
Every. Freaking. Time
It's the water bill for me. For some reason the city only bills us quarterly for water and that means an automatic $150+ bill every three months. I don't know why they do this. They don't know why they do this, but it just is how they do this.
Accurate, I Love Spending Time At Home
This Hit Close To Home
I never sign up for anything that asks for my bank account details, for this very reason.
Let The Good Times Roll
Relatable
I've broken my body, never complained, never took time off when my back and knees hurt so bad I could barely walk so I'd seem like a dedicated employee only to have them hassle me when I needed a couple extra days after my dad died. 19 years at that company and I knew I had to get out of there. Take care of yourself. Work your scheduled hours, go home and have a life. Companies don't care about you no matter what BS they try and sell you. Self employed now - broke - but happy in what I do.
Who Made This Meme About Me ?
"If I sleep through the weekend, that's two whole days I do not have to worry about food, electricity, water, etc.."
Bought A Burger For Dinner. "A" Burger
Got Myself A Motivational Pin At The Thrift Store
In Trying Times Like These, It's Important To Remember This Advice
I Used To Think Going To Macdonald’s When I Was Young Was Exquisite
A cabinet with a bunch of fluffy white towels you don’t actually use
Load More Replies...A pool. Above ground, below ground, didn't matter. You had a pool.
Going to the store and buying whatever you needed and add on whatever you wanted without counting and adding the total in your head
My mom sewed for a rich lady. She had 3 daughters who were a couple years older than my 2 sisters and me. At summer's end, the girls got all new school clothes. The lady 'paid' my mom with their old clothes. They were beautiful and luxurious, like wool skirts and mohair sweaters. My mom was so happy to see us going to school in lovely clothes and proud that she was able to get them for us.
Growing up in England in the 60's, any family who had a colour TV was thought to be rich
Playing tennis, going to skating rinks, having meals at restaurant. Few things that only the super rich students did in my school. Its not that we never ate outside but it was more of snacks. An important meal like breakfast, lunch, or dinner would be always at home.
I literally thought having a dishwasher was the epitome of wealth
Load More Replies...Having a dishwasher. A freezer that makes ice. Appliances that aren't second-hand.
Name brand anything! Eating out for a birthday without only going somewhere with a coupon.
On my third date with my now husband, it was mid week so just a quick fast food dinner. Anyway, I told him Lets go to El pollo loco, I have coupons! He was shocked! His first wife always ordered the most expensive thing on any menu and never concerned herself about the price even when he asked her to. Me and my coupons impressed him that night that I wasn't a self-centered inconsiderate person.
Load More Replies...Having "store bought" school clothes. My mom always made my school clothes when I was a young boy up until middle school. I remember once I wanted a Hang Ten shirt with the little embroidered feet on it when they first came out and my mom said "I'm not spending $10 on one shirt!". She could make me a whole school years worth of shirts for $10 back then.
A fridge. We had an icebox. (Yes, I'm old.) My aunt had a fridge. It had snacks. We didn't have snacks, either.
Having an upstairs, having a garden, having your own room (my friend and her brother had separate play rooms, rooms that weren't their bedrooms just for toys and playing in!), not wearing hand me downs and having to wait till Christmas for something new. I could go on.
"Nice" cars like Mercedes or BMW not standard ones like Ford or Toyota. Couple that with actually being able to buy a *new* car not a second hand one. That and owning a swimming pool.
The really rich kid in our street had Lego! And a "The cat in the hat" book. And clothes that weren't hand-me-downs from older cousins.
Going to the doctor. I wouldn't tell my folks I was burning up with fever because I knew we couldn't afford the doctor bill.
Having a Sky Box. I was so happy when my dad got one. My weekends were the best.
The girl in my class with her own horse. I thought she was rich. Certainly a little snob that one.
Being able to have the "fancy" chocolate in the cupboard. It was stuff like Ferraro rocher and toblerone that I thought was fancy
Actually, in England for many decades, it was usually cheaper to have a 2 story house than a bungalow, as you paid for half the land price for the same living area
Load More Replies...I’ve had water dispensers in my fridges my whole life, I never knew that they were considered a rich people thing, and my family is definitely not rich
Where I'm from, having a double storey house means you have money. Single storey houses are common and unappealing.
Money for extracurricular activities, drawer full of sweets, travel, pool
Having more than one house. Having more cars than drivers. Having other people to pick up your mess and watch your kids. I never wanted those things, but that's what I thought rich people did.
People who had a car. Or a trampoline in the backyard (I was born in the fifties)
Growing up in a bungalow, anyone who had bedrooms on an upper floor were really living! According to 8 year old me.
going on holiday EVERY YEAR. (the neighbours went camping every year, just a 2 hr drive ahead) insane luxury!
Grew up in 80s Scotland, having a big TV, a car and a sodastream were good indicators your dad wasn't one of the poor schmucks that couldn't find a job.
Birthday parties with friends and classmates. I always hated being invited to them, because I had to bring a gift from the dollar store, and little girls can be very judgy. Our birthday parties consisted of family members eating homemade cake and ice cream. It must be very expensive to feed and entertain all those extra kids!
Shopping for clothes. We either sewed our own or got hand-me-downs.
Europe in the 80s: Well off: Microwave. Wealthy: VHS video recorder, Ferrero rocher and Mozart Kugeln (which meant your parents traveled abroad) Rich: Satellite channels!
I'm in my 60's and still have never had a reason to have a passport. (US)
A place to live. A fridge with food in it. Being able to go to school consistently. Being able to do extracurricular activities. Toys that didn't come out of the trash. Birthdays where you got some of your cake too. So many things I didn't know I wanted or needed but never had. I told my therapist that I'm checking out once my last pet kicks the bucket in about 10-12 years and she just nodded. She gets it.
I have a fridge with an ice maker/water dispenser. I got done with constantly having to refill ice trays that nobody else saw
Kids that didn't move schools every year. A permanent stable home... I'm 44 and still don't have it. But I never brought children into my mess. 😕
I didn't realize it until I started house hunting, but my childhood really made me bank on the existence of haunted houses being sold for a song, and sticker shock is really setting in.
Me After Paying Rent And Bills This Month
My niece dating now--"you have the WHOLE basement to yourself....hey boy haaayyy"
The jerks who howl that increasing the minimum wage will result in $20 tacos and robotized restaurants clearly have never tried to live on minimum wage.
We’re already paying $20 for tacos. they just skipped the increased wage part
Load More Replies...I adore vampire movies, books, and shows because I'm so curious how they can afford being alive forever.
Easy, eat and rob some rich people, then invest the money for a few centuries. It's not like they need to buy groceries. Free meals are just walking around. Or be like Lestat, and inherit a treasure trove from your maker. 😄
Load More Replies...Being considered poor would actually be a step up from my current financial situation.
$10 per hour wage in australia is livable only if the govt. removes income tax and gst.
Where I live wages were raised. Then five months later costs for all life essentials tripled. Sometimes I wonder if there is a connection.
The jerks who howl that increasing the minimum wage will result in $20 tacos and robotized restaurants clearly have never tried to live on minimum wage.
We’re already paying $20 for tacos. they just skipped the increased wage part
Load More Replies...I adore vampire movies, books, and shows because I'm so curious how they can afford being alive forever.
Easy, eat and rob some rich people, then invest the money for a few centuries. It's not like they need to buy groceries. Free meals are just walking around. Or be like Lestat, and inherit a treasure trove from your maker. 😄
Load More Replies...Being considered poor would actually be a step up from my current financial situation.
$10 per hour wage in australia is livable only if the govt. removes income tax and gst.
Where I live wages were raised. Then five months later costs for all life essentials tripled. Sometimes I wonder if there is a connection.