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Broken_hippo, your response seems illogical to me. I am comparing a savvy person (Alice) and an un-savvy one (Bob) to show an example how even in a hard situati
by xyzelement 5y ago
Broken_hippo, your response seems illogical to me. I am comparing a savvy person (Alice) and an un-savvy one (Bob) to show an example how even in a hard situation, being thoughtful about your finances is worthwhile.
You respond with a list of generic hardships but the points remains that one can navigate them poorly or well. For example:
> Alternatively, most banks in his area charge fees to poor people
One example of being savvy is being aware of things like that. The fact that most banks do X doesn't matter as long as you have the savvy to use one which does not. So 99% of people might go for these rip-offs but the 1% of the people who doesn't is better of.
That's the point I am making - being poor but able to navigate this puts you at a massive advantage compared to others, all other things equal.
- oblio 5y agoWhich banks don't charge anything for having a bank account?
- kirubakaran 5y agohttps://www.google.com/search?q=no+fee+checking+accounts https://www.google.com/search?q=no+fee+checking+accounts
- Broken_Hippo 5y agoI'm pointing out that your examples just aren't based in reality, and aren't describing things that are "savvy" and "un-savvy". These also aren't massive advantages: The folks with tax checks are generally folks with children, and they aren't generally getting an advantage others in a similar situation aren't getting: Pretty much everyone knows about tax refunds. Childless folks don't get much, though, so it isn't really a massive advantage. None of it is. Even when "All other things equal". Unfortunately, what actually IS often a massive advantage is luck of circumstance. Somewhere to stay so you can get back on your feet, for example, or lucky enough to qualify for help paying for your medicine or your child's private school tuition. Lucky enough to be poor in an area you can walk to stores and work or lucky enough to live somewhere with a robust safety net. Lucky enough to be healthy, lucky enough to avoid getting pregnant, lucky enough to be able to buy birth control.