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 2 months ago
The bottom 50% of households have an average net worth of $629?
Maggoty@lemmy.world 2 months ago
UltraMagnus@startrek.website 2 months ago
Taking into consideration the large amount of credit card debt, student loans, mortgages, etc.? It’s plausible.
DeICEAmerica@lemmy.world 2 months 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.