63% of workers unable to pay a $500 emergency expense, survey finds. How employers may help change that

return2ozma@lemmy.world to News@lemmy.world – 517 points –
63% of workers unable to pay a $500 emergency expense, survey finds. How employers may help change that
cnbc.com
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Fuck employers, everything is TOO FUCKING EXPENSIVE

Wage increases are getting blown out of the water by inflation and cost of living. Everyone is really starting to feel that pinch. So naturally now is when the feds decide to unfreeze school loans. Really telling of how out of touch our government is

That's not true, median wage up on an inflation-adjusted basis

Cherry-picking stats that show people earning more doesn’t not even begin to describe the economic hardships so many people are facing. Yes, it is possible to live frugally if one wants to live only to survive. But the things in life that bring us just a bit of joy are more expensive than ever. For many, they are completely out of reach.

More people were facing economic hardships before than now because they earned less.

https://www.census.gov/content/dam/Census/library/visualizations/2022/demo/p60-277/figure1.pdf

The poverty rate is close to all-time lows

No shit the poverty rate is at an all time low. They didn't adjust it to 50k which is really where the new poverty line is.

Source: I made it up

Better than having your terrible take.

What's the comparable number in 2019? What percentage in poverty before the pandemic vs. now? If you don't have the answers to these questions, you're not actually contributing to the conversation

Numbers are pointless, as may be explaining myself further. There is no use in trying to counter numbers with numbers as many of these statistics are disingenuous already.

I mean, everyone is employed and has more money than before, but let's not stop us from being mad about the economy

Jesus dude, maybe take a minute from your Facebook level "research" and look around at the people you're claiming are doing SO MUCH BETTER struggling to rent a 1 bedroom because "hurr number higher!" Than people who bought homes and had yearly vacations on a single income with an entire family just decades prior. Get a grip, man.

That's just anecdotal evidence. What's the actual proof? You can't just say people are struggling more now than before without showing me the facts

Oh, uh, there were hurricanes.

Supply chain.

You understand.

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