@[email protected] to Work [email protected] • 2 years ago63% of US workers unable to pay a $500 emergency expense, survey findswww.cnbc.comexternal-linkmessage-square78fedilinkarrow-up1469cross-posted to: [email protected]
arrow-up1469external-link63% of US workers unable to pay a $500 emergency expense, survey findswww.cnbc.com@[email protected] to Work [email protected] • 2 years agomessage-square78fedilinkcross-posted to: [email protected]
minus-square@[email protected]linkfedilink2•2 years agoFinancially illiteracy is a point; but it’s not a point for 50+% of the US. Median wage is $50k/year, which is far too low to ever purchase a home, so they’re affected by the median rent being $1,383. which is half their net income.
minus-square@[email protected]linkfedilinkEnglish1•2 years ago$500 is savings is a much lower bar than buying a home.
Financially illiteracy is a point; but it’s not a point for 50+% of the US. Median wage is $50k/year, which is far too low to ever purchase a home, so they’re affected by the median rent being $1,383. which is half their net income.
$500 is savings is a much lower bar than buying a home.