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Cake day: June 14th, 2023

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  • MarxMadness@lemmygrad.mltoAntiwork@lemmy.mlAn economic lesson...
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    7 days ago

    The response here to “people must be financially illiterate if they can’t live without income for months!” is no, they aren’t illiterate, they live in an economy designed to keep a ton of people in precarity.

    Everyone understands it’s nice to have some money set aside for rainy days. It’s such a simple lesson that calling it “financial literacy” is almost condescending. The problem isn’t that people haven’t heard of saving, it’s that decent-paying jobs aren’t common, basic costs like housing and healthcare are rising rapidly, and even if you do everything right there are a thousand ways to get a fat bill dropped on your lap that takes you back to square one.