Most of America cannot absorb a sudden expense of 400-1000 dollars.
Comment on It will trickle down any second now
GhostedIC@sh.itjust.works 1 month ago
The bottom 50% of households have an average net worth of $629?
Maggoty@lemmy.world 1 month ago
UltraMagnus@startrek.website 1 month ago
Taking into consideration the large amount of credit card debt, student loans, mortgages, etc.? It’s plausible.
DeICEAmerica@lemmy.world 1 month ago
People who don’t own their homes, cars, etc have no net worth other than what’s in their savings. Most of us are living day to day. It’s not that hard to fathom.