3 ms·

I don't think that's really relevant to the question of "how much" $1900 is, really. I'd say most people "choose not to" save $1k than "cannot". I saved up a r

I don't think that's really relevant to the question of "how much" $1900 is, really. I'd say most people "choose not to" save $1k than "cannot". I saved up a reasonable amount of money on $14/hr in Boston after graduation by living with roommates, not having a car, living frugally, etc. And conversely, I know plenty of people (developers even, who make lots of money!) who don't have that much saved.

tluyben2 7y ago
Well, if you google the 'issue' about people being able to get $1000 if they really need it is pretty dismal reading. When you check reddit groups about finance as well; savings or not, most people cannot get $1000 today if they really needed to. People who make lots of money theoretically (developers etc) in western countries can get to $1000 any time even without savings. Other jobs, not so much. Also in non western countries (where developer wages average $500/mo for instance) this is very different. I work with a Russian devs daily and they simply don't make so much, especially in certain parts of Russia. With kids and mortgage having the luxury to pull 2k$ out while not working for money is a big issue for many people. I agree with you having savings or not might not be relevant of how much $1900 is, but that article was only one example and to me it seems relevant because if you don't have it in savings, how would you risk quitting your job? The tone of the reddit post shows that this person considers this actually to be a lot of money and from what I see I would say most people on earth would consider it a lot of money. The fact that you or I don't consider it to be a lot is kind of the echo chamber of HN we are in.
- Jamwinner 7y ago
  The lack of finacial education combined with lack of self control really is dismal, but more a reflection of cultural and intellectual neglect than actual available funds for those who need them. High schools currently provide no monatary guidance, and its a farce.

tluyben2 7y ago

Well, if you google the 'issue' about people being able to get $1000 if they really need it is pretty dismal reading. When you check reddit groups about finance as well; savings or not, most people cannot get $1000 today if they really needed to. People who make lots of money theoretically (developers etc) in western countries can get to $1000 any time even without savings. Other jobs, not so much. Also in non western countries (where developer wages average $500/mo for instance) this is very different. I work with a Russian devs daily and they simply don't make so much, especially in certain parts of Russia. With kids and mortgage having the luxury to pull 2k$ out while not working for money is a big issue for many people. I agree with you having savings or not might not be relevant of how much $1900 is, but that article was only one example and to me it seems relevant because if you don't have it in savings, how would you risk quitting your job? The tone of the reddit post shows that this person considers this actually to be a lot of money and from what I see I would say most people on earth would consider it a lot of money. The fact that you or I don't consider it to be a lot is kind of the echo chamber of HN we are in.

Jamwinner 7y ago
The lack of finacial education combined with lack of self control really is dismal, but more a reflection of cultural and intellectual neglect than actual available funds for those who need them. High schools currently provide no monatary guidance, and its a farce.