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Let's skip small business for now. The economy is structured to leave most of the people with just enough money to buy couple of beers after covering basic expe
by FpUser 6y ago
Let's skip small business for now. The economy is structured to leave most of the people with just enough money to buy couple of beers after covering basic expenses. It simply leaves no room for few month worth of savings. And every accident (like a visit to dentist) adds to financial instability.
Not everyone works cushy 6 figures IT job and hangs on HN.
- tonyedgecombe 6y agoSavings rates tend to be much higher in poorer countries. It's clearly not just about how much people earn.
- SketchySeaBeast 6y agoI'd like to see some stats for that - I just did a quick google search and returned a top 10 list from investopedia[1] which has it evenly split between high and low earning countries. [1] https://www.investopedia.com/articles/personal-finance/022415/top-10-countries-save-most.asp https://www.investopedia.com/articles/personal-finance/02241...