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> If you only have $1000 in the bank, it’s not because you can save $1000 / year - it’s because that’s all you can save. But at least we all have our big scree

• kennywinker 6y ago
  Massive eye roll. Yes let's blame the poor for their bad purchasing decisions, instead of idk not getting paid enough? Like, ok... an entry-level iPhone ($20/month) and a big screen tv ($500, lasts ten years) That's $50/year + $240/year, call it $300 a year to get an iphone and a big screen tv. Amazing. Are you really here trying to tell me that $300/year is going to make the difference between crushing poverty and a healthy life and retirement? Now compare that with a $2/hour raise, which amounts to somewhere north of $300/month extra. $3600/year. Yeah, THAT is getting a lot closer to the difference between crushing poverty and a reasonable retirement.
  • loco5niner 6y ago
    Yes, I see that eye roll. This is a stereotype that comes up regularly specifically because it is such a prolific problem. I guarantee that a single iPhone purchase and a single big screen TV purchase are not the only poor purchasing decisions being made here. Yes, lets consider a $2/hour raise. That gets wiped out with a daily trip to take-out instead of regular meals at home, or even by a 750/mo car payment. Compare it to burning calories. It's much easier to not eat that 500 calorie hamburger than it is to run 5 miles. Our society should be giving our kids financial literacy instead of bombarding them with advertisements. "The best minds of my generation are thinking about how to make people click ads. That sucks." - Jeff Hammerbacher.