[czottmann]

Your comments make me think you've never seen hardships in your life that weren't self-afflicted.

Life can be cruel even if you've made great plans and took all the precautions you could think of. Illnesses, accidents, the lack of a social net because your country was set up that way, crime, the list goes on.

[koakuma-chan]

Illnesses and accidents are exactly the things you need savings for, and aren't really relevant here because they don't prevent you from saving until and after they happen. The issue appears to be that 50% of Americans live paycheck-to-paycheck and have no savings? I can't imagine how this could be anything other than them just spending money on shit they don't need.

And yes, I am assuming you live in a developed country. I have Ukranian citizenship and right now the Ukrainian government is abducting men who are over 24 years old and sends them to death. If you live in a country like that, true, you shouldn't worry about investing because you don't even have basic human rights.

[bilekas]

> The issue appears to be that 50% of Americans live paycheck-to-paycheck and have no savings? I can't imagine how this could be anything other than them just spending money on shit they don't need.

Or that there's no standard minimum wage, or income protection if something does go wrong. Student debt is crippling to people in itself never mind hospital events.

That's so many people you should think "something must be wrong with the system"

> Illnesses and accidents are exactly the things you need savings for

It shouldn't be though, if you pay taxes, the government should be there for you in an emergency when it comes to health.

[whoooboyy]

Shit you don't need like what? Rent is over 40% of pre tax income for most Americans. Health care is 30% of income for lower income Americans.

That's not leaving a lot of space for food, clothing, heating, transportation, education, entertainment, etc.