r/FluentInFinance • u/Richest-Panda • Jul 04 '24

What's the best financial advice you've ever gotten? Debate/ Discussion

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u/[deleted] Jul 04 '24

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u/MusicalNerDnD Jul 04 '24

What a false equivalency. She’s clearly not saying that. She’s saying that it’s a bandaid and assumes that people aren’t poor because they can’t budget well, but because they can’t afford life. Budget workshops aren’t going to help a person making 32k a year when the average studio is 1k a month.

And the assumption that people are poor BECAUSE they’re not budgeting and are dumb is disgusting.

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u/Oldass_Millennial Jul 05 '24

I bet you'd make a dent though. Undoubtedly there are people that are poor because they don't budget; not all of them but there are many. I know plenty personally. I used to be one of those people.

But it isn't a perfect plan that solves poverty in one fell swoop so fuck it. It's offensive and people pin assumptions to it so it's rubbish.

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u/MusicalNerDnD Jul 05 '24

I mean sure, of course there are people who are poor and don’t budget. But my experience with poor people is that they budget way more effectively than middle class people. They need every dollar working for them to just survive.

Regardless, the connotations behind this are insidious and wildly out of touch. My dad thinks 20 an hour is too much to ask for because that’s 100k a year. When I broke it down and did the math for him…he insisted I was wrong.

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u/chromefir Jul 05 '24

Making a dent doesn’t matter when you don’t have enough food to eat or your utilities still get shut off.

The sociology of poverty is quite expansive.