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I’m not sure what any of that has to do with the topic at hand? My parents also fled communism. It’s not that poor people don’t want to save and invest; it’s t
by borski 3y ago
I’m not sure what any of that has to do with the topic at hand? My parents also fled communism.
It’s not that poor people don’t want to save and invest; it’s that because cost of living in most places has far outpaced salaries, there literally is no money to save.
Most Americans live under mountains of debt. My mother had thousands and thousands of dollars in credit card bills because she had to, in order to survive and support a family of four. And we lived in the projects in Brooklyn.
She never told me about it until I was in my twenties, because she never wanted to worry me with it, and moreover, she never wanted me to know we were poor. Pride is a real thing.