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The world exists beyond the US. Purchasing power is also a thing. Median gross salary in Poland is $18000, and about $14000 net. They earn less than 1200 per m
by PartiallyTyped 3y ago
The world exists beyond the US.
Purchasing power is also a thing. Median gross salary in Poland is $18000, and about $14000 net. They earn less than 1200 per month, of which 300-400 is spent on rent excluding utilities, add another 50-100 utilities, 200 for food, then gas and transport and you quickly see that the savings are minuscule.
How can you buy stock on 200 (at best) after all expenses?
- prepend 3y agoYou’re proposing a simple problem to solve. Select a percentage that you want to save (say 5-10%) and save that. So if you have $200/month put $10-20 into an index fund and retire in 40 years. This is the same way Americans do it. Purchasing stock hasn’t been difficult for decades and there are many zero fee index funds that you can put small amounts into each month. I can’t find percent Polish people who own stock but I will bet you $1000 that it’s greater than 0.01%.
- PartiallyTyped 3y agoThe difference is that for the average Polander, cutting 10% of their income means substantial significantly less purchasing power without lots to gain.
- hsjqllzlfkf 3y agoWhat do you mean, without lots to gain? You were just arguing that the shareholders were gonna benefit so much from new productivity gains. I don't get your obsession with Poland. It's a country I have a soft spot for, even though it's not my country of origin, but most importantly my argument is entirely orthogonal to that.