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I hate how true this is.
(lemmy.world)
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this post was submitted on 02 Jan 2025
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I actually saved that much in about 5 months.
Lucky you?
https://www.cnbc.com/2024/11/19/bank-of-america-nearly-half-of-americans-live-paycheck-to-paycheck.html
there's always gotta be at least one "let's all pay attention to how this isn't a problem for ME" chud in the comments
Nearly half means not half, so that's better than 50/50 odds to not be living paycheck to paycheck. That's not really that lucky, statistically speaking
How does that not still make the statement in the meme true? Because I think it still does. If you're not living paycheck-to-paycheck it doesn't mean you are able to amass $5000 in savings, it means you're not at risk of going into debt (or at least more debt than you're probably in thanks to things like student loans).
Yeah! Sucks for the Americans, though.
Wow that's amazing, billionaires must totally think you're one of them.
I wonder what he does. As a "working man."
Lots of people are able to "save" $10k per year, depending on your definition of savings (for example, putting it into a retirement fund) but anyone who thinks they are well-off because of it don't realize where they stand on the class ladder. If you continue to stash away that ten grand every year it'll take you 42 million years to match Elon Musk's current net worth. That's so long ago that the Eurasian landmass was still a blob of disconnected islands.
Jokes on you, I was indoctrinated to believe Earth was created like 5,000 years ago.
Plenty of workers can save that money in 5 months. I don't even think that someone need a high paying job for that, depending on your expenses. Problem is that that money buys you little nowadays.
What's that? No even a 1% of an average house anyways.
See my link about half of Americans living paycheck-to-paycheck and then realize that plenty of the ones that aren't have stuff they want to spend the remaining money on to make their lives less miserable like entertainment.
Is it possible? Maybe. Is it healthy for your mental state? Probably not in a lot of the other half of Americans who can afford to save anything at all.
The only idea that comes to mind is working for the mining industry in Austalia. My cousin's husband was a carpenter there and apparently made bank. Although from the stories they told me, most would not save a significant portion. Apparently they tend to work 14 days on, 14 days off or in similar arrangements, and be flown in and out around their shifts. A significant portion of their colleagues would choose to fly to Bali instead of their respective Australian cities, spend their 14 days off there and immediately use up their wages. Weird lifestyle overall.
Very similar situation in western Canada's oil industry, except replace Bali with drugs and big trucks.
I'm a PhD researcher. I make just over €1250 a month, grant money. Portugal.
Sounds like grad students get fucked over everywhere.
I guess? €1250 is the average national wage here, I think. I'd argue we have low wages as a nation, not so much as grad students, you know what I mean? I'm not upset at my situation, even if it's not a lot of money.
Oh, well if you're fine with it, fair enough. I just feel like, considering what grad students will be doing in the future, they deserve more than average.
Why would you say that?
I put that much every month into my savings account.
See how stupid this contest is?
What contest? What are you people on...
Gaslighting doesn't really work when seemingly everyone else gets the point.
Oh, I was just gaslighting! Thank you for clarifying.
IKR? It's not hard. Whoever posted this without accounting for the inflation since 1950 really just told everyone he has no try in him.
You're right. I should have just tried harder to be wealthy but I couldn't afford to buy the bootstraps to pull myself up with.
If you think that's wealthy, that's just more indication of your mental blocks.
I think it's wealthier than half the country. Far more than half, in fact. Because plenty of the people who aren't living paycheck-to-paycheck still want to do things like go out to eat a couple of times a month or buy the latest games just so their lives aren't totally miserable, so they aren't able to save up $5000 either.
Congratulations on your privilege though.
Loser count go brrrrr
Well, I'm in a very privileged position... For a lot of people it's not easy at all. Making minimum wage in my country there's no way you can save that much, for example.