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(ABC News)   Americans are in such lousy financial shape that 4 in 10 say they could not come up with $2,000 if their lives depended on it   (abcnews.go.com ) divider line
    More: Sad, Americans, Financial Industry Regulatory Authority, Pew Charitable Trusts, Sufis, confidence interval  
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6870 clicks; posted to Main » on 08 Apr 2014 at 10:16 AM (2 years ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2014-04-08 11:58:09 AM  
E5bie:  
 

That gives you about $5000 a month to retire on (minus the full cost of your health care, a hellovalot) ,  

To each their own. I'm for the plan that doesn' ...



What does healthcare have to do with Social security.   Healthcare is a very complicated issue.

The item being discussed was saving for retirement.

Pointing out that the example was double what the average income was does not have any effect.
Simply divide the result by two.
 with Social Security, your kids get half of zero.

You still get 3x as much and retire 10 years sooner.
 
2014-04-08 11:59:18 AM  
Do they mean 4 in 10 adults of working age without mental or physical disability?

Because there are a ton of children out there who don't have $2k.  Retards too. And people in prison.

So that number is either disappointingly high or totally understandable.
 
2014-04-08 12:01:01 PM  

Lawnchair: SlothB77: doubt that.  4 in 10 americans don't have $2000 worth of stuff they can sell if their lives depended on it?  If you own a flat screen tv, a couch and a bike or a car, you are getting pretty close to that number.

The car?  Sure.  That'd be the #1 asset for millions of Americans.  Of course, a lot couldn't readily sell it for much more than they have on the note.

The flat-screen TV?  The 40-50" TVs the middle-class have are $350 or so brand new at Best Buy.  They might get $150 on Craigslist
The couch?  Either they got it used or they're still paying it off.  In any event, dozens of couches are $125 or less on Craigslist in my town.  Hell, a not insignificant number are free.
Bike?  Again, Walmart/Target sell a lot more of them than proper bike shops.  And Walmart/Target bikes ain't worth poop.  $50 at most.  If they did buy a semi-quality Specialized or Trek... $100-150 used.

So, car, yes, that would be the "thing they could sell".  All the other trinkets?  Are pretty much rounding errors in terms of realizable value.


Kids.  They can sell the kids.
 
2014-04-08 12:01:01 PM  

Mr_Fabulous: I really hate to sound like a complete dick about this, because I know I have been very lucky in life to this point. And whatever success I have managed to enjoy has been only partially attributable to my own efforts, attitudes and commitments.

But still...it needs to be said.

The only reason I spend a couple of hours each day making snarky comments on internet discussion boards is because I can afford to. And if I couldn't, then I wouldn't.


But you are aware that there are many out here on Fark who are not in your position. Some are under-employed some are unemployed (I even suspect some are paid shills but I am not sure how much that shait pays) the point of the article is not that Mr Fabulous is doing well it is that many are not. You seemed to think it was about you.
 
2014-04-08 12:02:51 PM  

doglover: Nutsac_Jim: The reason for this is that some people, not wanting to work, will just find a woman with a welfare-paid apartment and hang out.

Yes. This is totally the majority of all people.

Keep farking that chicken.


So, lest see.  I said "Some people"
and your turned that into "the majority of all people"

Do you always alter someone's argument and defeat it and claim victory?
 
2014-04-08 12:03:29 PM  
I could pull a couple grand off, but I doubt I could do it twice.

Back when silver was $50 an ounce, I made a habit of taking twenty bucks on payday and getting a couple rolls of half dollar coins to dig through for the silver ones. At that point, a silver half was worth about $20 just in melt value. A roll could bring about $400 for $10 in expenses.

That pulled a couple grand at a time when we really needed the money.

Problem is, the silver halves are basically tapped out. I still do this on payday, but I get maybe 1 out of 5 or 6 rolls. It's pure profit, but nowhere near where it was.

If I liquidated the coin collection I've built since I was a kid, I could probably pull about another five or six grand, but again, that's a one-time draw.
 
2014-04-08 12:03:55 PM  

freewill: I believe the median family income with two working parents and two children is around $75,000,


Well you are wrong, unless you're trying to fudge numbers. Even without the kids, you've got two adults on $50k per year. It's doable, but only if plan on working until you die or never, ever having any fun.
 
2014-04-08 12:04:38 PM  
ecx.images-amazon.com
 
2014-04-08 12:04:57 PM  

SlothB77: I doubt that.  4 in 10 americans don't have $2000 worth of stuff they can sell if their lives depended on it?  If you own a flat screen tv, a couch and a bike or a car, you are getting pretty close to that number.  throw in a gun, computer and cell phone or other random appliances and you can get there.

but yeah, after you sell all that stuff, you don't have much left.


I forget that old people still think a used flat screen is worth more than $200 after a few years.
 
2014-04-08 12:06:47 PM  

whizbangthedirtfarmer: For most people on the lower to lower middle class spectrum, money is a bit of an abstraction, and they develop the habit of easy in, easy out. I was like that when I was a teen (I grew up relatively poor), and it was only in my mid 20s that I started to save up. The kids have 529s with another ten years to go before they need them, we had a sizable down payment on the house, and we have few other big bills. We paid off our cars early, and, yeah, they're older (my wife's car turned 12, mine 7), but they still have zero maintenance attached to them. No, we may not have thermometers and Bluetooth in our cars, but that's a fair tradeoff in order to get our savings built up and our kids' college funds bulked up. So many people, though, can't do with sacrifice. The new PS4 beckons, and so they buy it, even though that's all they had in their account.


Do you mean people are supposed to sacrifice a little in order to save up and have enough money in order to live month to  month?

How can that be? They are entitled to those video games and eating at Macdonalds every day
 
2014-04-08 12:06:54 PM  

Nutsac_Jim: doglover: Nutsac_Jim: The reason for this is that some people, not wanting to work, will just find a woman with a welfare-paid apartment and hang out.

Yes. This is totally the majority of all people.

Keep farking that chicken.

So, lest see.  I said "Some people"
and your turned that into "the majority of all people"

Do you always alter someone's argument and defeat it and claim victory?


You haven't given an argument. You've posted some drivel on an internet forum.

Actually develop an argument, toss your hat in the ring, and maybe I'll vote for ya.
 
2014-04-08 12:07:40 PM  

SlothB77: I doubt that.  4 in 10 americans don't have $2000 worth of stuff they can sell if their lives depended on it?  If you own a flat screen tv, a couch and a bike or a car, you are getting pretty close to that number.  throw in a gun, computer and cell phone or other random appliances and you can get there.


You're obviously not poor.

A poor person has a car that they bought for less than $1000, a couch that was free or from a thrift store, and a TV they got at Walmart or online for a couple hundred dollars. Chances are that most of their non-essential appliances are in the same boat.
 
2014-04-08 12:08:27 PM  
Aren't we all 17 Trillion in debt?
 
2014-04-08 12:08:38 PM  

JusticeandIndependence: freewill: I believe the median family income with two working parents and two children is around $75,000, although it's been a while and I may have misremembered.

You did.

 median household income fell slightly to  $51,017 a year in 2012, down from  $51,100 in 2011


I'm not going to be mean to you about your reading comprehension, but if you read the sentence that came immediately after that you would realize that...

Median household income (all households) is NOT THE SAME THING as median family income (all households with children), nor is median family income the same thing as median family income with two parents and two (or three) children, the group doglover was trying to apply that number to.

Averaging in the incomes of people who are not trying to raise families (like non-working students and retirees on fixed incomes) to bring the number down then yelling "how is anybody supposed to raise a family on that?!" is fundamentally dishonest, though I doubt doglover was doing it on purpose.
 
2014-04-08 12:09:03 PM  
media-cdn.tripadvisor.com

They don't have shiat to take to the pawn store?  Don't have a car to use for a title loan?  Can't take a cash advance on a credit card?  Don't have a single relative who can give them a loan?

I was paycheck to paycheck for most of my life and I don't think there was a point in my life between 21 and 39 when I didn't have an outstanding debt of some kind (credit card, car loan, etc.) but I could come up with a couple grand within a business day one way or another.  Cash advance, call grandpa, call dad, sell some stuff, get a title loan on the car, etc.  And that's just assuming I stuck to legitimate sources of money.  If it was really life or death, I'd rob the hell out of something or someone.
 
2014-04-08 12:11:35 PM  

Rapmaster2000: SlothB77: I doubt that.  4 in 10 americans don't have $2000 worth of stuff they can sell if their lives depended on it?  If you own a flat screen tv, a couch and a bike or a car, you are getting pretty close to that number.  throw in a gun, computer and cell phone or other random appliances and you can get there.

but yeah, after you sell all that stuff, you don't have much left.

I forget that old people still think a used flat screen is worth more than $200 after a few years.


I paid something like $600 for my main TV. I bought it six and a half years ago. I doubt I could get more than $100 for it on Craigslist today considering that similar new TVs today easily run under $300.
 
2014-04-08 12:12:35 PM  

jtown: [media-cdn.tripadvisor.com image 550x412]

They don't have shiat to take to the pawn store?  Don't have a car to use for a title loan?  Can't take a cash advance on a credit card?  Don't have a single relative who can give them a loan?

I was paycheck to paycheck for most of my life and I don't think there was a point in my life between 21 and 39 when I didn't have an outstanding debt of some kind (credit card, car loan, etc.) but I could come up with a couple grand within a business day one way or another.  Cash advance, call grandpa, call dad, sell some stuff, get a title loan on the car, etc.  And that's just assuming I stuck to legitimate sources of money.  If it was really life or death, I'd rob the hell out of something or someone.


Some of us don't have any rich relatives.  Some day I hope to be the pseudo-rich uncle.
 
2014-04-08 12:13:58 PM  

monoski: Mr_Fabulous: I really hate to sound like a complete dick about this, because I know I have been very lucky in life to this point. And whatever success I have managed to enjoy has been only partially attributable to my own efforts, attitudes and commitments.

But still...it needs to be said.

The only reason I spend a couple of hours each day making snarky comments on internet discussion boards is because I can afford to. And if I couldn't, then I wouldn't.

But you are aware that there are many out here on Fark who are not in your position. Some are under-employed some are unemployed (I even suspect some are paid shills but I am not sure how much that shait pays) the point of the article is not that Mr Fabulous is doing well it is that many are not. You seemed to think it was about you.



I believe you missed my point entirely.
 
2014-04-08 12:14:00 PM  

Fubini: SlothB77: I doubt that.  4 in 10 americans don't have $2000 worth of stuff they can sell if their lives depended on it?  If you own a flat screen tv, a couch and a bike or a car, you are getting pretty close to that number.  throw in a gun, computer and cell phone or other random appliances and you can get there.

You're obviously not poor.

A poor person has a car that they bought for less than $1000, a couch that was free or from a thrift store, and a TV they got at Walmart or online for a couple hundred dollars. Chances are that most of their non-essential appliances are in the same boat.


But it's only $50 a month for satellite.  you can afford that easy.....

farm5.staticflickr.com
 
2014-04-08 12:14:04 PM  
I couldn't come up with 1/10th of that if my life depended on it, lol.

Oy vey.

SlothB77: I doubt that.  4 in 10 americans don't have $2000 worth of stuff they can sell if their lives depended on it?  If you own a flat screen tv, a couch and a bike or a car, you are getting pretty close to that number.  throw in a gun, computer and cell phone or other random appliances and you can get there.

but yeah, after you sell all that stuff, you don't have much left.


Take it from someone who did precisely what you're talking about a couple of years ago to get over that "emergency hump"- your shiat ain't worth what you think it is on the open market.

After I lost my job we lived off of savings and my wife's earnings while I looked for more work.  That work never came, and so when the money ran out and things like food and rent were no longer feasible the car was the fist thing to go.  Figured we could walk or bus wherever we needed to travel.  Had bought it from a friend for about a grand a few years earlier, managed to sell it for around $600.  That bought us about a month of rent and painful feet.  At the end of that time we still hadn't made any progress and said, "fark it- everything must go" and had a garage sale.  Sold almost every single thing we owned.  Every wedding present, every nice thing we've ever bought for ourselves or each other, every tool, every device, every appliance.  Came out with about $300.  Not enough to make rent (and we'd already been skipping meals for a while by that time) but enough to get us to her parent's place in a shiatty jobless town in New Mexico.  shiat sort of got worse from there.

But I can't tell you how much simpler maintenance of your life gets when all you own is a change of clothes and a mattress.  So, you know, tiny victories.

I'm beginning to feel like the tatsuma of poverty threads.
 
2014-04-08 12:14:58 PM  

Nutsac_Jim: I'll take a stab at it.

Instead of sapping you for 12.5% and the promise of giving you some back later, you
keep your 12.5% and invest
it in some nice trustworth S&P500 IRA.


This is where you farked up.  The country is full of idiots.  If you gave them their 12.5% back, they would not invest it, they would spend it.  Then they'd hit an age/health status where they could no longer work and be farked.

I agree with you, people CAN invest and plan and do better than the government programs.  But they don't and it's immoral to let people die/starve/freeze in old age merely because they're stupid.
 
2014-04-08 12:15:20 PM  

freewill: JusticeandIndependence: freewill: I believe the median family income with two working parents and two children is around $75,000, although it's been a while and I may have misremembered.

You did.

 median household income fell slightly to  $51,017 a year in 2012, down from  $51,100 in 2011

I'm not going to be mean to you about your reading comprehension, but if you read the sentence that came immediately after that you would realize that...

Median household income (all households) is NOT THE SAME THING as median family income (all households with children), nor is median family income the same thing as median family income with two parents and two (or three) children, the group doglover was trying to apply that number to.

Averaging in the incomes of people who are not trying to raise families (like non-working students and retirees on fixed incomes) to bring the number down then yelling "how is anybody supposed to raise a family on that?!" is fundamentally dishonest, though I doubt doglover was doing it on purpose.


Yep, I did read too fast.  No problem.
 
2014-04-08 12:15:54 PM  

Nutsac_Jim: E5bie:  
 

That gives you about $5000 a month to retire on (minus the full cost of your health care, a hellovalot) ,  

To each their own. I'm for the plan that doesn' ...


What does healthcare have to do with Social security.   Healthcare is a very complicated issue.

The item being discussed was saving for retirement.

Pointing out that the example was double what the average income was does not have any effect.
Simply divide the result by two.
 with Social Security, your kids get half of zero.

You still get 3x as much and retire 10 years sooner.


Not that it's a huge amount or anyting, but kids do get SS survivor benefits if they're parents die.  It helped good ol' Paul Ryan paid for college, donchaknow.
 
2014-04-08 12:15:58 PM  

MugzyBrown: JusticeandIndependence: You did.

 median household income fell slightly to  $51,017 a year in 2012, down from  $51,100 in 2011

You're not good at reading.


My mistake, carry on.
 
2014-04-08 12:17:39 PM  

Nuclear Monk: Lawnchair: SlothB77: doubt that.  4 in 10 americans don't have $2000 worth of stuff they can sell if their lives depended on it?  If you own a flat screen tv, a couch and a bike or a car, you are getting pretty close to that number.

The car?  Sure.  That'd be the #1 asset for millions of Americans.  Of course, a lot couldn't readily sell it for much more than they have on the note.

The flat-screen TV?  The 40-50" TVs the middle-class have are $350 or so brand new at Best Buy.  They might get $150 on Craigslist
The couch?  Either they got it used or they're still paying it off.  In any event, dozens of couches are $125 or less on Craigslist in my town.  Hell, a not insignificant number are free.
Bike?  Again, Walmart/Target sell a lot more of them than proper bike shops.  And Walmart/Target bikes ain't worth poop.  $50 at most.  If they did buy a semi-quality Specialized or Trek... $100-150 used.

So, car, yes, that would be the "thing they could sell".  All the other trinkets?  Are pretty much rounding errors in terms of realizable value.

Kids.  They can sell the kids.


www.creatingafamily.org
 
2014-04-08 12:20:16 PM  

lennavan: Nutsac_Jim: I'll take a stab at it.

Instead of sapping you for 12.5% and the promise of giving you some back later, you
keep your 12.5% and invest it in some nice trustworth S&P500 IRA.

This is where you farked up.  The country is full of idiots.  If you gave them their 12.5% back, they would not invest it, they would spend it.  Then they'd hit an age/health status where they could no longer work and be farked.

I agree with you, people CAN invest and plan and do better than the government programs.  But they don't and it's immoral to let people die/starve/freeze in old age merely because they're stupid.


You being the one who just proposed a plan that would have moved up the insolvency date of Social Security to later this year is what makes that funny.
 
2014-04-08 12:20:54 PM  

radarlove:  Take it from someone who did precisely what you're talking about a couple of years ago to get over that "emergency hump"- your shiat ain't worth what you think it is on the open market.

Especially when you're highly motivated to sell now rather than hold out for a better price.

radarlove: Not enough to make rent (and we'd already been skipping meals for a while by that time)


Did you consider food stamps/unemployment/welfare/etc?  I know it's a giant blow to the ego but that really helps weather the emergency hump.  I've been a few months away from where you ended up, fortunately we did find jobs but I had my application in and a meeting all set up with the welfare office.  The funny thing is, with food stamps, my monthly food budget would have gone UP.  Mmmm Ramen Noodles!

radarlove: After I lost my job we lived off of savings and my wife's earnings


Money is supposedly the #1 reason people fight and divorce.  If you guys made it through that, you should be set.
 
2014-04-08 12:21:26 PM  

lennavan: Nutsac_Jim: I'll take a stab at it.

Instead of sapping you for 12.5% and the promise of giving you some back later, you
keep your 12.5% and invest it in some nice trustworth S&P500 IRA.

This is where you farked up.  The country is full of idiots.  If you gave them their 12.5% back, they would not invest it, they would spend it.  Then they'd hit an age/health status where they could no longer work and be farked.

I agree with you, people CAN invest and plan and do better than the government programs.  But they don't and it's immoral to let people die/starve/freeze in old age merely because they're stupid.


Nah. If this was the case, government would not limit 401k amounts per year.


Everyone knows an individual can get much more out of their money. SS was never designed to give a cushy retirement for 25 years. What was the average lifetime when it was enacted, 65?
 
2014-04-08 12:21:54 PM  

shirtsbyeric: Aren't we all 17 Trillion in debt?


I am not, just a mortgage. No credit cards, auto or student loans.
 
2014-04-08 12:22:32 PM  

doglover: freewill: I believe the median family income with two working parents and two children is around $75,000,

Well you are wrong, unless you're trying to fudge numbers. Even without the kids, you've got two adults on $50k per year. It's doable, but only if plan on working until you die or never, ever having any fun.


Let's get some actual facts on the situation (if it will link anyway).   The median household income for "married couple families" by Census figures is in fact $77,500.  That said, slightly under half of US 'households' fall into that category (there's also non-'household' people, like dorms and jails).
 
2014-04-08 12:24:23 PM  
Does Fark ever have incest threads? Just asking.
 
2014-04-08 12:24:28 PM  

doglover: freewill: I believe the median family income with two working parents and two children is around $75,000,

Well you are wrong, unless you're trying to fudge numbers. Even without the kids, you've got two adults on $50k per year. It's doable, but only if plan on working until you die or never, ever having any fun.


I'm sorry, I'm not trying to be a dick, but you're still misusing these numbers in a way that does not allow for a useful discussion. The "median household income" includes large numbers of households containing only non-working students and elderly. (I believe non-working elderly make up 14% of all households.) That's going to completely wreck the data.

Even in 2005, when the median household income was about $46,000, the Census reported dual-earner households to have a median income of $67,000. That's a huge difference.  I can't find the charts again, but I am pretty confident that the median was still higher for couples with two children, presumably because having two children tends to screen out very young couples who haven't started their families yet and also don't have much earning power due to a lack of professional experience.

OH HEY: I just found it for 2012.

http://www.census.gov/hhes/www/income/data/statemedian/

I'm not going to run the national average on that spreadsheet, but even in Kentucky, the median household income for a 4-person family (which may or may not include two working parents) is nearly $68,000. In neighboring Illinois, perhaps a more representative state, it's over $80,000.
 
2014-04-08 12:25:39 PM  
Before my divorce i had access to that kind of money readily. Since my divorce I have come perilously close to homeless several times. I have a good job with great benefits but i was so taken to the cleaners by my ex wife that my credit union at work turned me down for a measly $3,000 loan!

I once owned a five bedroom house now i live in a rented room in some other guy's house!

DIVORCE SUCKS!
 
2014-04-08 12:25:59 PM  
I think most Americans (at least 4 out of 10) don't know how to properly classify a financial emergency.
 
2014-04-08 12:26:01 PM  

BMFPitt: lennavan: Nutsac_Jim: I'll take a stab at it.

Instead of sapping you for 12.5% and the promise of giving you some back later, you
keep your 12.5% and invest it in some nice trustworth S&P500 IRA.

This is where you farked up.  The country is full of idiots.  If you gave them their 12.5% back, they would not invest it, they would spend it.  Then they'd hit an age/health status where they could no longer work and be farked.

I agree with you, people CAN invest and plan and do better than the government programs.  But they don't and it's immoral to let people die/starve/freeze in old age merely because they're stupid.

You being the one who just proposed a plan that would have moved up the insolvency date of Social Security to later this year is what makes that funny.


What the fark are you talking about?  That's not even possible.  We just completely stop collecting Social Security money and we wouldn't reach insolvency for 3+ years.
 
2014-04-08 12:28:17 PM  
4 in 10 is only about 15% so that's not so bad.
 
2014-04-08 12:29:59 PM  

JusticeandIndependence: But it's only $50 a month for satellite.  you can afford that easy.....


A lot of poor rural people have satellite service because it's the only way to get TV or internet (especially since the digital TV switch). By the way, those dishes are practically worthless in the resale market, think $10-$50 worthless.

As others have pointed out, TV and internet service are pretty much non-negotiable in this day and age. I'd sooner get rid of my car than I would get rid of my internet service.
 
2014-04-08 12:30:24 PM  
Lawnchair:That said, slightly under half of US 'households' fall into that category (there's also non-'household' people, like dorms and jails).

I think the link I provided above is more useful for this reason.

"Median 4-person Families" is going to include 4-person families where there is only one parent with three children or where there are two parents, neither of whom work. It's the most suitable representation I can think of for what real people are trying to raise 2.5 children on in America, in the absence of a specific survey of dual-income 2-3 child households.

Interestingly, incomes seem to drop back off in 5-person families and still further in 6-person families. Idiocracy, or something.
 
2014-04-08 12:31:10 PM  
radarlove:
Take it from someone who did precisely what you're talking about a couple of years ago to get over that "emergency hump"- your shiat ain't worth what you think it is on the open market.

Truth.

I drastically slimmed down my life a while back.  Not out of monetary necessity, but out of desire to simplify my life.  When all was said and done, what I was able to sell paid for the gas, truck, and postage required to get rid of it all.  I might have made $100.

I could have potentially made maybe $500 total.  And that would be with me investing inordinate amounts of time finding the right buyer for everything.
 
2014-04-08 12:31:23 PM  
So 4 in 10 Americans have no TV, video game console, tablet, smart phone, car?

I'd assume that is because 4 in 10 Americans are also under the age of 20.
 
2014-04-08 12:33:09 PM  

Nutsac_Jim: lennavan: More than one-third of workers (36 percent) have only $1,000 saved for their later years

I really wish we could have a (D) Medicare / Social Security and a (R) one.  If you vote (R) consistently, then upon retirement, you get the (R) plan.  And yes, that means all along the way you get to pay whatever the lower tax rate associated would be.  We'll see how well that plan works out for you.

I'll take a stab at it.

Instead of sapping you for 12.5% and the promise of giving you some back later, you
keep your 12.5% and invest it in some nice trustworth S&P500 IRA.

So you are not a dumbass, and you make 100k just for giggles and it is near the cap for SS anyway.
using this tea part website
https://www.investor.gov/tools/calculators/compound-interest-calcula to r#.U0QMQPldXrQ

we assume historical average of 8% in the market.  None of that 25% that obama gives us.
You now have
$1,427,368.46   for retirement after 30 years.

30 years, mind you, not working until you are 70

That gives you about $5000 a month to retire on , assuming you back off the stock market and move to bonds and dividend stocks, and your money is only making 4%, and you don't take some of that and buy income generating rental properties. etc.

Or.. you can take the $1700 a month that Social security will give you.


Oh yeah, if you die when you are 61, on the R plan, your kids get all your money.  They can use it to pay off their student loans, which I hear that people have a hard time paying nowadays.  Or they can buy a decent small house and one of those small income generating rental properties.

But if you signed up for the D plan, you get $1700/mo.   And if you die at 61,
YOUR KIDS GET DICK.


Now recompute for $20k per year of income, not $100k.  It's the min wagers that SS is for, not above average incomes.  But you knew that already, and think the poor should starve to death once they're done serving their masters.

Also, your math is wrong - you won't get 12.5%.  You'll get 6.25%.  That guy paying you gets to keep the other 6.25%, and has no reason to give it to you.
 
2014-04-08 12:34:28 PM  

Serious Black: SlothB77: I doubt that.  4 in 10 americans don't have $2000 worth of stuff they can sell if their lives depended on it?  If you own a flat screen tv, a couch and a bike or a car, you are getting pretty close to that number.  throw in a gun, computer and cell phone or other random appliances and you can get there.

but yeah, after you sell all that stuff, you don't have much left.

So people should sell their primary source of transportation when they have an emergency? Wouldn't that impede them from making more money in the future and, thus, prolong the emergency?


Liberals have assured me that cities are the only acceptable places to live and that cities have adequate public transportation. Also you can walk anywhere or take a taxi.
 
2014-04-08 12:34:46 PM  

Delawheredad: Before my divorce i had access to that kind of money readily. Since my divorce I have come perilously close to homeless several times. I have a good job with great benefits but i was so taken to the cleaners by my ex wife that my credit union at work turned me down for a measly $3,000 loan!

I once owned a five bedroom house now i live in a rented room in some other guy's house!

DIVORCE SUCKS!


I hear your pain... one of the things I hope that come out of same sex marriages is that when they start getting divorces they are just as vocal about the inequities in the divorce laws as they were in the marriage laws.

Being the bread winner in a marriage ends up making you a slave in divorce... the only reason why I am not paying alimony now is that I saved up all her credit card debt, by just paying the minimum payments, that she amassed in my name after she left (almost 40k) and would only agree to alimony if she was responsible for the debt... she said it would bankrupt her, so I ate it and in return I never have to pay her another dime.
 
2014-04-08 12:35:40 PM  

Delawheredad: Before my divorce i had access to that kind of money readily. Since my divorce I have come perilously close to homeless several times. I have a good job with great benefits but i was so taken to the cleaners by my ex wife that my credit union at work turned me down for a measly $3,000 loan!

I once owned a five bedroom house now i live in a rented room in some other guy's house!

DIVORCE SUCKS!


Same boat.  Ex gets over half of my net income.   I'm still paying off all the communal debt.  I have a tiny house that I
  rent that I can only afford because I'm living in an economically-depressed town.

Still have the CC and L.O.C. debt to pay off--it'll be a couple of years still.
 
2014-04-08 12:37:04 PM  

Stibium: $45 a month for unlimited everything is hardly ridiculous.


You do know that people are able to live without any cell phone at all right?

$45 a month for a year is $540. I cheap burner phone with pay as you go would save you most of that money.

It's fine if you want a smart phone and data plan, but if you have one you can't cry poverty. At best you can cry "poor life choices"
 
2014-04-08 12:37:18 PM  

SpectroBoy: Wasilla Hillbilly: SpectroBoy: If you can't scrape together $2K with a gun to your head one of two things is true.

A) You are truly very poor

B) You prioritize badly.

Hint: If you have cableTV, or a smart phone, or Netflix, or recent nice clothes then B is probably where you are at.

Although I don't have any of the things mentioned in your hint, I have to admit that both A and B apply to me and yes, B is the main factor in A. My only 'luxury' is my 3mb DSL connection, which I think would actually end up costing me more if I didn't have it.


I purposely didn't list an internet connection. Having internet can save people a tons of money shopping and also helps with finding a job (or doing a job). I sort of consider internet a staple at this point. It's hard to be a part of society without it.


You can use the internet for free in most  libraries
 
2014-04-08 12:39:02 PM  

Thunderpipes: Those people don't need to come up with $2,000. Government will do it for them by taking from me.


You poor baby.

Bless your heart.
 
2014-04-08 12:39:04 PM  
SlothB77: I doubt that.  4 in 10 americans don't have $2000 worth of stuff they can sell if their lives depended on it?  If you own a flat screen tv, a couch and a bike or a car, you are getting pretty close to that number.  throw in a gun, computer and cell phone or other random appliances and you can get there.
but yeah, after you sell all that stuff, you don't have much left.


Rapmaster2000: I forget that old people still think a used flat screen is worth more than $200 after a few years.


And that there is somebody with cash just waiting to buy your used stuff at a price you need.
And then at what point is it that you know you are just giving shiat away?
 
2014-04-08 12:39:43 PM  
*sigh*

That's not even remotely surprising. But, hey, the CEO needs that second boat.
 
2014-04-08 12:41:04 PM  

Geoff Peterson: The Muthaship: And 8 out of 24 can't reduce a fraction.

4 in 10 sounds worse than 2 in 5, I guess, but to me 2 in 5 sounds worse.

[the more you know.jpg]


People are used to doing things in tens. Ten fingers, ten toes, ten numbers in the decimal system. That is why they use the 4 in 10, even if it is a bad fraction to use.
 
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