Ask Lemmy

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[–] BottleOfAlkahest@lemmy.world 16 points 2 years ago (4 children)

...everyone's point isn't "wow you suck for having only 10k in savings". Everyone calling out the OP is saying "in my country/area cost of living is very high and with 10K in savings I would be in a bit of a panic".

Also telling people to "get educated" while they react to the US cost of living being out of control just makes you sound like a dick.

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[–] Magister@lemmy.world 4 points 2 years ago (10 children)

There are people earning 10k/month who are living paycheck to paycheck, so for them 10k saving is just one month

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[–] ilmagico@lemmy.world 1 point 2 years ago

Yes, exactly this

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[–] SCB@lemmy.world 1 point 2 years ago

Ideally you want 3 months of living your life with 0 cuts to be "safe" so 10k is not enough to fundamentally change how most job searches would go.

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[–] regalia@literature.cafe 0 points 2 years ago (1 child)

You can link all the articles you want, but I challenge you to check apartments near you and try to find the cheapest one.

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[–] Orbituary@lemmy.world 3 points 2 years ago (1 child)

Bruh, I live in Seattle. The cheapest ones are still in the $1000s for minimal sq/footage. My place is $1700/m w/parking at 640 ft.

Average people who work in service or labor can't afford to live here if they have a family. Commuting on 90 or I-5 or 99 is always a slog, so living outside of the city incurs massive time and effort, which aren't sunk costs. Gas is $5-6/gal here. Public transit is better than most places, but still bad. And we haven't even brought up the homeless dilemma, rampant drug use, and property crime.

Most cities are like this now. Dallas/Ft Worth are cess pools. Miami is a mess. Tampa, SFO, LA, NYC, and so on... If people don't see it, it's because they're ignoring it or are in a bubble.

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[–] regalia@literature.cafe 3 points 2 years ago

I know your pain very well lol, that's why I moved from Washington. Seattle is pretty ghetto too, so I didn't want to live in the city. I wanted more Bellevue/Redmond/Issaquah/North Bend area, but the cheapest places there were like $1200+ and that was considered dirt cheap that went really fast. Now I'm stuck in a shitty red state in a medium-sized town for the time being. I was so optimistic when I was growing up in WA like 15 years ago and wanting to stay there my whole life. Now it's overcrowded as hell, expensive, and all the other things you mentioned!

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[–] serial_crusher@lemmy.basedcount.com -2 points 2 years ago (1 child)

Your point is valid, but LendingClub’s numbers are bullshit. People keep quoting that press release like it’s science.

LendingClub’s business is in person to person loans (they act as a middle man between the investors and borrowers). Person to person loans are risky because the kind of people taking them out tend to be desperate and have no money, so unless everything goes right, they end up defaulting on the loan.

LendingClub puts out this bullshit article inflating the number of people “living check to check” to try and make it seem like their person to person loans are less risky. They want you to think you’re lending money to people with a 6 figure income could just sell one of their Teslas to pay you back, not people who took out the loan because their 1991 Chevy Corsica needed repairs and without it they can’t get to their job at Burger King.

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[–] Orbituary@lemmy.world 1 point 2 years ago (1 child)

They're not the only source. If you want to equivocate, cool, but your experience isn't everyone else's.

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