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> 6 months of your monthly burn is cutting it way too close. You should save until you have at least two years. Tell that to the nearly 50% of Americans who li
by roymurdock 10y ago
> 6 months of your monthly burn is cutting it way too close. You should save until you have at least two years.
Tell that to the nearly 50% of Americans who live month to month and would not be able to produce an extra $400 in savings to cover an emergency. The average American consumer is a powerful spending workhorse that keeps our economy running, but it is dangerously close to running out of gas.
http://www.theatlantic.com/magazine/archive/2016/05/my-secret-shame/476415/ http://www.theatlantic.com/magazine/archive/2016/05/my-secre...
- viraptor 10y agoThe context here is tech jobs though. I don't expect many SV employed engineers to live month to month (unless they're making really bad decisions)