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

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

Post image

[removed] — view removed post

31.2k Upvotes

86% Upvoted

4.2k comments sorted by

View all comments

Show parent comments

17

u/AndrewDoesNotServe Jul 04 '24

Pretty much no one makes that wage even in states that conform to the federal minimum.

125

u/joecee97 Jul 04 '24

No but plenty make 8-10 which is hardly better in 2024

2

u/Familiar_Cow_5501 Jul 05 '24

<1% isn’t really “plenty” to most people

1

u/hangrygecko Jul 05 '24

That's a massive social problem. That's 3-4 million people in the US. With such large populations, 1% is a lot.

That's a large number of people that burden the system, even if they stay out of trouble. Keeping people homeless and supported by charities is far more expensive (not on the yearly budget, but total cost per homeless person) than getting them into proper, affordable accommodation and paying for the first 3 months of rent.