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An expensive car repair is not 6 months of living expenses. It's completely unrealistic to expect a 22-year-old waiter to have saved $10,000. And any model of
by JamesBarney 7y ago
An expensive car repair is not 6 months of living expenses. It's completely unrealistic to expect a 22-year-old waiter to have saved $10,000. And any model of the world where that is an assumption is going to be terribly flawed.
- bluGill 7y agoMost 22 year old waiters have other options. If you can move back in with your parents that greatly reduces how much you need to have saved to cover 6 months of living expenses. There are lots of reasons someone won't have 6 months of expenses. Most are rare situations (most people are not just getting started in life). If everybody makes saving 6 months expenses a goal they work to before most people will achieve it. When it is only a minority that can't take care of themselves it is a lot easier on the rest of us.