A staggering 80% of American households are worse off than they were before COVID-19 — how to shore up your finances now before a strong current carries them away
finance.yahoo.com
Only the richest 20% have held onto their COVID savings.
  • Zink
    115·
    1 year ago

    I am reminded of that quote along the lines of “it is possible to commit no mistakes and still lose. That is not weakness, that is life.” I did everything right, and had a more than adequate emergency fund.

    But then my house vaporized that emergency fund… and only then did COVID happen and I lost my job twice. So that’s roughly three “holy shit thank god we saved for a rainy day” events in three years.

    I’m sure I will be in “just save money” mode some day in the future. Lots of shit left to clean up right now though.

    • SuiXi3D@kbin.social
      27·
      1 year ago

      and only then did COVID happen and I lost my job twice. So that’s roughly three “holy shit thank god we saved for a rainy day” events in three years.

      You just explained the last three years of my life. I have no savings left. Period. If anything happens to the car, or either one of us loses our jobs, we’re done. That’s it.

      • Mac@mander.xyz
        61·
        1 year ago

        Well, you aren’t “done”. Life continues.
        Even when the state conspires against you having shelter from weather when you’re homeless. Life still goes on.
        Until it doesnt.