Current Events > 57% of Americans can't afford a $1,000 emergency expense

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MelbuFrahma4
02/11/23 6:47:47 PM
#1:


https://fortune.com/recommends/banking/57-percent-of-americans-cant-afford-a-1000-emergency-expense/

Are you one of them?

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Irony
02/11/23 6:48:05 PM
#2:


I have a credit card

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Southernfatman
02/11/23 6:50:08 PM
#3:


"Just stop being lazy and bootstrap yourself by working 3 different jobs." - the right.

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Payzmaykr
02/11/23 6:51:15 PM
#4:


I could, but it would affect me more than I would like it to.
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ShadowMan033
02/11/23 6:51:30 PM
#5:


Thats pretty alarming. $1000 legitimately isnt a lot of money

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Solid_Sonic
02/11/23 6:51:32 PM
#6:


Please stop reminding me how broken, nonfunctional, and unfair society is. I beg you. I am tired of waking up every day hating where I live and being embarrassed what country my passport belongs to.

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tripleh213
02/11/23 6:53:51 PM
#7:


Not me

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a-c-a-b
02/11/23 6:56:20 PM
#8:


I could come up with the cash if it was an emergency but $1000 is a lot to me.

I'd probably have to get a friend to lend me part of it and then stop buying anything non-essential until I could pay it back.

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#9
Post #9 was unavailable or deleted.
EyeWontBeFooled
02/11/23 7:41:31 PM
#10:


[LFAQs-redacted-quote]

As long as he won't want to tear you down for it, right?

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Gamingsince1989
02/11/23 7:52:47 PM
#11:


Outside of utilities, car insurance and streaming services, I don't have any bills anymore. House and cars are paid off. I only spend money on food, alcohol, occasional gambling and games I'm interested in. I'm not rich by any means, but I could live comfortably with what I currently have in savings for quite a while if something happened without having to resort to credit cards.
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Jshipp24
02/11/23 9:01:05 PM
#12:


I just dropped 3k for a transmission rebuild unfortunately but Im still doing alright, tax return helped out a lot though, it cushioned that blow

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NOM
02/11/23 9:01:46 PM
#13:


Surprised it's not higher tbh

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Kloe_Rinz
02/11/23 9:03:14 PM
#14:


Theres people on this board who unironically believe you should just work a 40 hour full time job and then pick up a 20 hour side hustle to be allowed to afford anything
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Blue_Inigo
02/11/23 9:03:49 PM
#15:


ShadowMan033 posted...
Thats pretty alarming. $1000 legitimately isnt a lot of money
Wrong

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krazychao5
02/11/23 9:05:03 PM
#16:


Blue_Inigo posted...
ShadowMan033 posted...
Thats pretty alarming. $1000 legitimately isnt a lot of money

no lies detected.meme

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_Rinku_
02/11/23 9:08:08 PM
#17:


I could, but it would wipe out most of the cushion I have.
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Prismsblade
02/11/23 9:10:33 PM
#18:


No, but I'll be buying a house soon, and the down-payment will eat up the majority of my total assets.

But I'll still have have a good chunk left still for emergencys.

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AzNDarkSamurai
02/11/23 9:12:06 PM
#19:


I definitely cant. It sucks when a lot of your money goes to supporting the family. FML

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Northlane
02/11/23 9:13:17 PM
#20:


I refuse to believe it

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Jiek_Fafn
02/11/23 9:16:54 PM
#21:


So I can exploit 57% of people in an emergency for only $1000? Thank you for the info, TC. Please contact me if you ever find yourself in this type of situation.

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#22
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Dragon56
02/13/23 1:24:28 AM
#23:


no i am smart with my money
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Heartomaton
02/13/23 1:36:55 AM
#24:


Right now I couldn't afford a $50 emergency expense, let alone $1,000.

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YugiNoob
02/13/23 1:51:53 AM
#25:


Well at least we're slowly improving

https://www.cnn.com/2021/01/11/success/1000-emergency-expense/index.html

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lifespeedrunner
02/13/23 2:01:59 AM
#26:


Sad. America is messed up.
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Lost_All_Senses
02/13/23 2:05:41 AM
#27:


And that's just for the ambulance

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kingdrake2
02/13/23 2:40:37 AM
#28:


i'm screwed :(.

limited income means month to month. cant even save a dime.

if republican's hold government hostage (which may end up happening when it defaults in the summer) i'm even more screwed until they resolve it.

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Kloe_Rinz
02/13/23 3:27:16 AM
#29:


why should someone have to pay for an ambulance again? what are the justifications americans give for this clearly inferior health system
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Secret_Asian_Man
02/13/23 3:33:15 AM
#30:


Fortunately, I'm no longer in that position.
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VampireCoyote
02/13/23 3:48:02 AM
#31:


Yep

i could afford maybe a few hundred dollar emergency at most

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The_Wheelman1
02/13/23 3:53:25 AM
#32:


ShadowMan033 posted...
Thats pretty alarming. $1000 legitimately isnt a lot of money
Not to you it isn't. It is to everyone else.

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MabusIncarnate
02/13/23 4:01:04 AM
#33:


Kloe_Rinz posted...
why should someone have to pay for an ambulance again? what are the justifications americans give for this clearly inferior health system
Idk but you pay roughly $20 for every wee woo from the siren until you get there.

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Hoodroar
02/13/23 4:04:10 AM
#34:


I can afford it but I'm sure not paying it. Bring on the debt. >_>

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Kloe_Rinz
02/13/23 4:08:32 AM
#35:


The_Wheelman1 posted...
Not to you it isn't. It is to everyone else.
You missed his point
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runewalshPSiv
02/13/23 4:12:41 AM
#36:


I'm not. I have credit cards as well as money in the bank.

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VeggetaX
02/13/23 4:14:00 AM
#37:


The_Wheelman1 posted...
Not to you it isn't. It is to everyone else.
1k is a lot of money. Dunno why that dude thought it wasn't

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Glob
02/13/23 4:18:03 AM
#38:


MelbuFrahma4 posted...
https://fortune.com/recommends/banking/57-percent-of-americans-cant-afford-a-1000-emergency-expense/

Are you one of them?

No. I am neither American nor in that position.
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MabusIncarnate
02/13/23 4:24:27 AM
#39:


VeggetaX posted...
1k is a lot of money. Dunno why that dude thought it wasn't
People working 40 hours making below $10 an hour after taxes pull in like $1200 a month, just gotta start making coffee at home and people like this should have no problems lol.

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Mew
02/13/23 4:35:40 AM
#40:


Do Americans not have any savings? Wth

I mean 10k or even 5k I can understand but 1...

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Dragon56
02/13/23 8:49:25 AM
#41:


Mew posted...
Do Americans not have any savings? Wth
we have the newest iphone and gucci purse though
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Patchwork
02/13/23 9:19:21 AM
#42:


I had to drop 6k for an emergency just back in August, and Im probably in this category now. Still trying to rebuild.

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BettyWhite
02/13/23 9:20:02 AM
#43:


I mean... Have you seen the cost of rent proportionate to the average salary?

A lot of people are fucked without having to have a roommate or live with family.

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DipDipDiver
02/13/23 9:26:47 AM
#44:


Stats like this make me feel a little better about my situation, because even though I perpetually feel like I'm struggling with money I could definitely afford a $1000 emergency without impacting much
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UnfairRepresent
02/13/23 9:35:38 AM
#45:


This is working as intended as far as the rich is concerned

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s0nicfan
02/13/23 10:15:05 AM
#46:


I really wish articles like this would also include comparable numbers for other countries. 57% sounds bad, but maybe it's better than most of our allies. Maybe it's way worse. I have no idea.

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AloneIBreak
02/13/23 10:17:23 AM
#47:


I wouldnt want to plunk out a thousand bucks suddenly, but I could do it if I had to. Not much more though.

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Unknown781
02/13/23 10:20:04 AM
#48:


Dragon56 posted...
no i am smart with my money
Yea, using tax payers money since you don't work.
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lifespeedrunner
02/13/23 10:21:21 AM
#49:


UnfairRepresent posted...
This is working as intended as far as the rich is concerned
They want you working 2-3 jobs and being a side hustler now, back in the 40s and 50s just one person in the household had a full time job the other stayed home and could watch the kids
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Unknown5uspect
02/13/23 10:22:42 AM
#50:


Guess who just got a $1000+ emergency expense they can't afford? This guy.

FML.

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