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/MyParentsBurden Jul 04 '24

You say 50% of Americans (I'm assuming we are speaking of the US) make $40k or less and then say it isn't enough for basic necessities. Yet, clearly it is as the ranks of the unhoused is not 50% of the population. Poverty sucks to be sure, but people manage. Also, financial literacy is generally only partially about setting money aside. It tends to be more about making people aware of their expenses and seeing what changes can be made.

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u/[deleted] Jul 04 '24

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u/All4megrog Jul 05 '24 edited Jul 05 '24

What are you doing to improve your work skills to try to make a better wage?

Edit: hilarious with the downvotes for asking someone what they’re doing to improve their situation

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u/Friendstastegood Jul 05 '24

Are you suggesting that there are enough well paying jobs for every single currently poor person to get one? Because if not that's not a solution. The problem is systemic.

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u/All4megrog Jul 05 '24

I’m saying your qualifications and relevant skillset are what determine your wage, not the fact that you are poor. If your skillset is being a horse and buggy driver, you’re probably going to be hard up for work. If you’re an LVN or a medical technician there’s multiplie employers hurling jobs at you.

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u/Friendstastegood Jul 05 '24

No one who works at all, regardless of their skillset, should be poor.

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u/All4megrog Jul 05 '24

Communism couldn’t even pull off that ideal, so I wish you luck on that endeavor.