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Because other payments are monthly (rent, ISP, mobile phone contract, subscriptions - at least in Europe), so having a constant money in <-> money out equilibri
by LeonidasXIV 5y ago
Because other payments are monthly (rent, ISP, mobile phone contract, subscriptions - at least in Europe), so having a constant money in <-> money out equilibrium makes sense. Unless these things are also charged every 2 weeks in the US.
- checker 5y agoPlenty of US places pay twice a month, so you get the monthly budget consistency and get your money sooner.
- beeboop 5y agoI think the idea in the US is that if you're having to wait an extra two weeks to get paid, you're essentially having to "float" half your monthly income all the time. This impacts people who are on the poorer end of the scale, and there's a very high percentage of Americans that don't have more than a few hundred dollars to their name.