Tragic: 47 Percent Of Americans Don’t Have Just $400 Available For Emergencies

[Silkk]

who the fukk doesnt have 400 dollars jesus

A lot of people tbh, thats why most girls turn to selling

 

[itsyoung!!]

everyone on instagram seems to be eating

everyone a #cirocboys on instagram til that bill come in that club for that ciroc

lotta people stunt on the gram... people talkin about "just got some new balenciagas "

how you afford $600-1000+ shoes but cant pay $200 for VIP

or are those the china editions

 

[Ronnie Lott]

If you are one of the people who exposes themselves to the barrage of misinformation on Fox News, you might believe that there are no truly poor people in the United States.

Here’s some of their propaganda:


Let’s for a moment forget (because Fox News certainly does) that these numbers apply to people who have homes – and that more than 600,000 Americans are without homes altogether – and most homes by law have to have refrigerators. Many rentals simply come with air conditioning. Microwaves, cell phones, and computers have become necessities of modern life, as have cars in most places.
Here’s something Fox News won’t tell you: 47 percent of Americans – nearly half – have no economic cushion. If their car breaks down, there’s no money to fix it unless they borrow from family or sell something – if that’s even an option. If an unexpected medical emergency comes up, no money to pay for it, even if that emergency costs only $400.
Even for many who said they could handle the emergency, they would have to use credit cards, which is another problem facing poor and middle class Americans.
As much as Fox News would like you to believe otherwise, Americans are not whiners. Sixty-five percent of the respondents to the Federal Reserve questionnaire said that they are “doing okay” or “living comfortably.”
While it is true that in many cases America’s poor have material goods that many poor throughout the world do not have, it’s also true that America’s poor have one additional thing: negative wealth.
To be poor in America means things cost more. Credit isn’t impossible to get – in fact, it’s relatively easy – but it’s very expensive.

(A) study, based on a survey of more than 100 low-income individuals, found that most of the debts resulted from stretches of unemployment, medical costs, and student loans. The study also found that poor people are often overwhelmed by high interest rates that make it nearly impossible to pay down debts, then penalized again when prospective employers or landlords conduct credit checks before hiring or renting to them.
Source: Boston Globe​

Aside from having to pull themselves out of debt, people with bad credit, which can include too much debt, are often denied jobs, making the cycle of poverty even more pernicious.
Of course, none of that matters to Fox News pundits or viewers. They are somehow more comfortable with the idea that the super wealthy have billion dollar tax-free yachts than the idea that a poor person has a $50 microwave. Without the poor, after all, how would multi-billionaires like the Waltons of Wal-Mart stay multi-billionaires?
http://www.addictinginfo.org/2015/0...ave-just-400-available-for-emergencies-video/

@beaniemac

 

[KingTut]

Easy way i go about saving money that works for ME. Try it

• Open another bank account with an online bank.
• Destroy the debit card from said account.
• Setup weekly automatic transfers from your CURRENT bank account to the new one mentioned above. (Personally I do $75 every Monday and $100 every payday. I get paid every 2 weeks)

Just dont think about it (you won't) and it will happen I was horrible at saving money until i decided to do this back in September. As of today i have saved ...$4,577.39
Trust me if i can do this, so can you. I also have a mutual fund account that i contribute to. Ive had it for years and it's over $10K now

That's how I saved up for my last 2 years of college. But being in college and having $100 come outta my check every month would hurt like a mug. I was on that Ramen every night type shyt. Never went out to clubs or bars and maybe bought a pack of weak ass miller light once a month. Even now that I've started full time at a place getting barely above minimum wage till I graduate in December, I can't save shyt unless I literally wanna starve.


If I could do it all over again I probably would've waited to go to college and instead took up a trade for a few years so I could get a decent hourly pay and save up for tuition without having to pinch pennies.

 

[Yogi]

47 percent seems really high. It would be interesting to know how much the people surveyed spend each month. I know some people that live paycheck to paycheck that have the latest smart phones, fly clothes, and NFL Sunday ticket. If they really wanted to save, they could cut out a lot of that shyt.

 

[Sad Bunny]

And nikkas was dissing me for my 1000 savings which is now 1700

Plus I got 1600 in my joint account

 

[Couth]

... if you have a job and can't put your hands on 400 thats your fault.

Bet these same people have name brand clothes, tons of food, and internet and cable.

 

[mamba]

coli told me that 100k jobs are in surplus and that if you dont make at least 75k by your 25 you are a failure, as well that 60k a year is laughable

everyone just needs to get them certs

LOL! I'd wager that only 5% of the Coli actually makes more than $75K per year.

Probably a measly 0.1% makes more than $100K.

nikkas on here passing out like hotcakes.

 

[BlackManLiveFromLondon]

not about having 400 dollars but losing 400 dollars and still being able to pay bills and eat dumb fuk neega

you're back

Ive heard about the fire you spit in the booth

have you been in there recently

 

[TwistedMetal]

Well I be damn. Cuz according to the gram everybody a celebrity and ballin' outta control

Interesting

 

[Disclosure]

And when he had opened the third seal, I heard the third beast say, Come and see. And I beheld, and lo a black horse; and he that sat on him had a pair of balances in his hand.

And I heard a voice in the midst of the four beasts say, A measure of wheat for a penny, and three measures of barley for a penny; and see thou hurt not the oil and the wine.

Keep laughing and cursing the poor, what can possibly go wrong?

 

[KOohbt]

we are the 47%

this

 

[mamba]

... if you have a job and can't put your hands on 400 thats your fault.

Bet these same people have name brand clothes, tons of food, and internet and cable.

I stopped by the mall, today, to grab some new shoes. I purchased a pair of reasonably-priced shoes.

I saw nikkas exiting the store with 3-4 bags and then hitting up other stores.

nikkas love to love fresh.

The Black community will never get it together.

 

[PortCityProphet]

America and capitalism is gonna eat itself. Companies only caring about overhead not seeing the big picture.

 

[Stone Cold]

get a job brehs