Reply to Raise your hand if you don't have access to $500 for emergency

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]It's one thing to make a decision as a family that you won't lend the money to your friends. It's entirely different to come on here to ask such a moronic and tone deaf question. Millions of people don't have any savings. Millions of people don't have healthcare. Millions of people live paycheck to paycheck. [/quote]

OP- do you feel superior now? [/quote]
DP.. to me, some of the "millions of people" are in the situation that they are in due to their own making.  They refuse to save and cut spending.

Yes, millions can't afford healthcare. That's a shameful indictment of the healthcare system in this country. But,we aren't talking about a $6000 medical bill here. [/quote]

My BIL is in the military and his wife is a teacher. They have two kids. They live in a modest house. They coupon. They drive old cars. They go camping for vacations. And they keep trying to get a $500 emergency fund saved up, and when it gets up to $400 or so it keeps getting spent on something like a car repair or a trip to the ER.

I am sure some people don’t have an extra $500 to deal with an emergency, but you can safely assume that’s the exception and not the rule. Remember  that the minimum wage is $7.25. [/quote]
I don't know about $500, but 56% of people don't have $1000 for emergencies.  So, in that regard, it's not the exception.

Places that have a $7.25 minimum wage also tend to have lower col.   But, maybe Rs should fight for higher minimum wages.[/quote]

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