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That percentage seems low
The other 70 % are already in poverty.
Life is so much less stressful if you just embrace the poverty.
It doesn't include the 11% who meet the definition of poverty. Based on the definition on the ALICE page, it's 29% of households above the poverty line who still can't afford the basics. It doesn't include people with inadequate savings who are making ends meet, albeit paycheck to paycheck, but who aren't trying to choose between rent/food/transportation and racking up credit card debt.
Way low. A fifth of people in the US have no emergency fund at all. A third have something squirreled away but not enough to cover 3 months of expenses. That's half the country right there that's living on the edge of ruin.
I'd save if I could. But yeah this sums it up.
They're Serfs, trapped in servitude with no escape, just how their Lords like it.
Actual serfs had more free time and ability to work for themselves, but they were far more constrained to their station.
I have a job. For years I've been trying to save up for an air conditioner. "Maybe I'll finally have enough saved up by this summer. No probably by winter I'll be able to afford one." is what I'm telling myself now and what I've been telling myself for years.
anyway, last summer All I could do exhausted after work everyday was lay here and sweat on a towel and drink water.
pretty sure I did that the summer before also.
Can you buy it on something like Affirm?
Hi I'm the 29% ๐ AMA
Voters love this so much they keep re-electing the same people.
Me lord likes the precarity.
this post was submitted on 11 May 2024
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