124

How are you doing financially? (lemm.ee)

submitted 2 months ago by ContrarianTrail@lemm.ee to c/asklemmy@lemmy.world

105 comments fedilink hide all child comments

I read that half of Americans couldn’t cover an unexpected $1,000 expense. This sounds crazy to me. I understand that poverty exists, but the idea that an adult with a job doesn’t even have that amount saved up seems really strange.

What’s your relationship or philosophy with money? What do you credit for your financial success, or alternatively, what do you blame for your failures?

For the extra brave ones: how much savings do you have, and what are you planning to do with them?

you are viewing a single comment's thread
view the rest of the comments

[-] Wes4Humanity@lemm.ee 2 points 2 months ago

If inflation causes your costs to go up, can you, and all the other plumbers in your area just go ahead and raise your prices to make up for it? Yes... People who are paid by tax money can't just raise their rates. Even if they go private, Medicaid (in US) tells them what they can charge.

Anyway, I didn't mean to disparage plumbers. I was using them as an example of an equally important part of society, but that gets to adjust their prices as needed instead of having to wait for a literal act of Congress to adjust prices and pay for inflation.

[-] ContrarianTrail@lemm.ee 3 points 2 months ago

If inflation causes your costs to go up, can you, and all the other plumbers in your area just go ahead and raise your prices to make up for it?

Fair point. That indeed I can do.

this post was submitted on 10 Oct 2024

124 points (100.0% liked)

Ask Lemmy

27218 readers

1183 users here now

A Fediverse community for open-ended, thought provoking questions

Rules: (interactive)

1) Be nice and; have fun

Doxxing, trolling, sealioning, racism, and toxicity are not welcomed in AskLemmy. Remember what your mother said: if you can't say something nice, don't say anything at all. In addition, the site-wide Lemmy.world terms of service also apply here. Please familiarize yourself with them

2) All posts must end with a '?'

This is sort of like Jeopardy. Please phrase all post titles in the form of a proper question ending with ?

3) No spam

Please do not flood the community with nonsense. Actual suspected spammers will be banned on site. No astroturfing.

4) NSFW is okay, within reason

Just remember to tag posts with either a content warning or a [NSFW] tag. Overtly sexual posts are not allowed, please direct them to either !asklemmyafterdark@lemmy.world or !asklemmynsfw@lemmynsfw.com. NSFW comments should be restricted to posts tagged [NSFW].

5) This is not a support community.

It is not a place for 'how do I?', type questions. If you have any questions regarding the site itself or would like to report a community, please direct them to Lemmy.world Support or email info@lemmy.world. For other questions check our partnered communities list, or use the search function.

6) No US Politics.

Please don't post about current US Politics. If you need to do this, try !politicaldiscussion@lemmy.world or !askusa@discuss.online

Reminder: The terms of service apply here too.