No seriously, between the prices of everything we literally can’t afford to save any money at all. We are part of those households that couldn’t survive a missed paycheck
I saw the trajectory 15 years ago and was able to secure a rental with rent increase guidelines and take other steps to keep costs low, meaning my monthly expenses are something like $600 for three people. That's the only way I built savings.
Anyone who didn't prepare (or is just getting started) is basically fucked.
Aye. In the 2010s, I had extra money for hobbies, socializing, and saving. Car insurance has gone up about 10x, though, power about double, my mortgage is about what my old place now rents for, and what little I have extra is going into prepping against more inflation and possibly lockdowns again. I expected to settle into my house, and then work on saving, again, but the funds just aren't there, even though I'm making about 2.5x what I did 10 years ago, and have barely changedy standard of living.
It's crazy, and it happened too fast to financially adapt, even seeing it coming. I was just getting back on my feet from 2008, on the mid 2010s...
My company wage-matches on a retirement plan, so my "savings" are simply the maximum on that they're willing to match. After all, 100% ROI instantaneously is about the best you can ever do in the markets. But I'm not allowed to touch for many, many years, without jumping through a LOT of hoops. Savings I actually realistically have access to? Probably a year, assuming ideal conditions.
…people have savings?
No seriously, between the prices of everything we literally can’t afford to save any money at all. We are part of those households that couldn’t survive a missed paycheck
I feel for you.
I saw the trajectory 15 years ago and was able to secure a rental with rent increase guidelines and take other steps to keep costs low, meaning my monthly expenses are something like $600 for three people. That's the only way I built savings.
Anyone who didn't prepare (or is just getting started) is basically fucked.
Aye. In the 2010s, I had extra money for hobbies, socializing, and saving. Car insurance has gone up about 10x, though, power about double, my mortgage is about what my old place now rents for, and what little I have extra is going into prepping against more inflation and possibly lockdowns again. I expected to settle into my house, and then work on saving, again, but the funds just aren't there, even though I'm making about 2.5x what I did 10 years ago, and have barely changedy standard of living.
It's crazy, and it happened too fast to financially adapt, even seeing it coming. I was just getting back on my feet from 2008, on the mid 2010s...
My company wage-matches on a retirement plan, so my "savings" are simply the maximum on that they're willing to match. After all, 100% ROI instantaneously is about the best you can ever do in the markets. But I'm not allowed to touch for many, many years, without jumping through a LOT of hoops. Savings I actually realistically have access to? Probably a year, assuming ideal conditions.