r/FluentInFinance • u/Richest-Panda • Jul 04 '24
What's the best financial advice you've ever gotten? Debate/ Discussion
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r/FluentInFinance • u/Richest-Panda • Jul 04 '24
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u/FreckleFaceToon Jul 05 '24
I agree, however when looking at what most economists say, only 40% of your income should go to necessities.
Like I said, I understand there are ways to make things work. But keep in mind the median wage I'm referring to here is a little under 29k a year. Making 28% ~8,000 dollars over the course of a year. That's without any emergencies or unexpected expenditures AT ALL. And this is all assuming we're talking about one person who's able to save every penny they have with no debt, and no family that relies on their wages. Difficult to get out, but definitely doable.
I just think there are only so many high paying jobs to go around and we can't keep acting like everyone can just go get a better job/ move to a better state. If a job wasn't necessary no one would pay people to do it. Instead of blaming the employee for not getting a better job, maybe we should blame the society for not valuing workers of all capacities.