reply to post by schuyler
"Just think: If you saved 10% of your income, no matter what that income is, in 10 years you would have a year's worth of income"
That statement is from someone that makes enough money to put food on the table and a roof over their head with extra.
How about people that are working two jobs, making barely minimum wage and a cheap apartment in my community is 700 a month.
With many people there is no "extra" every single cent goes towards shelter and food - very basic necessary stuff.
I'm seeing with each passing year more and more people in line for food that were once a strong middle class.
Some people make millions of dollars a year doing absolutely nothing and some people bust their arse for crumbs, often times these are the people that
get you your breakfast burrito and coffee or watch your children while you work.
We don't mind paying Beyounce millions to get up on a stage and shake her booty but we begrudge our teachers, day care workers and people that do the
real work even a half way decent salary.
I'm not putting your statement down as much as trying to wake people up that some people, through no fault of their own aren't able to save.
Many now days in this society are just barely making it.
Being able to save something is for those few who earn enough that they can afford to save.
I haven't or won't go into the cost of living going up each year. My husband, because my company is outsourcing me, will have to work until he is
We are lucky, my husband and I will have a decent pension and 401K in addition to SS. We have one small 10 year old car, a house almost paid off and
only use credit cards for emergencies.
We don't buy stuff on credit.
Most people around where I live buy hugh SUV's, big fancy homes and expensive clothes and laugh at us because we have lived modestly over the last 36
years of our marriage.
Still, saving for most people is becoming impossible.
[edit on 13-7-2010 by ofhumandescent]