Comment on Nearly a quarter of U.S. households live paycheck to paycheck, report finds

• Zorque@lemmy.world ⁨4⁩ ⁨weeks⁩ ago

  When you’ve got rent to pay and mouths to feed, and paychecks dont arrive for another week (or more), sometimes it’s a necessity. And when emergencies arrive (as happens more and more often) people at this financial level generally dont have the “rainy day” fund to lean on.

  This is not exclusively a personal issue, it is mainly a systemic one. Sure, many people could do with some better financial literacy and personal responsibility… but that’s nowhere near the epidemic of parasitic opportunists eager to squeeze dry every person they can. The desperate being the easiest to exploit, in most cases.

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  • BombOmOm@lemmy.world ⁨4⁩ ⁨weeks⁩ ago

    paychecks dont arrive for another week (or more), sometimes it’s a necessity

    Absolutely. And then when the bill comes in six weeks, pay the balance.

    Credit card use is fine, carrying a balance on credit cards is what eviscerates your finances.

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    • Zorque@lemmy.world ⁨4⁩ ⁨weeks⁩ ago

      And more bills come in to pay in that six weeks. And mouths still need feed and heads still need roofing.

      “Just pay the balance” is great advice… if you actually have the money to do so. Most people in these situations don’t. Which is why they’re in that position in the first place. Suggesting otherwise is exceedingly out of touch with reality.

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