“There’s this wild disconnect between what people are experiencing and what economists are experiencing,” says Nikki Cimino, a recruiter in Denver.
This is really stupid.
You’re basically telling people “just be rich” like it’s that simple.
People living paycheck-to-paycheck are not able to invest money because they don’t have excess income, they get to decide if they want to pay for rent or want to pay for food. Combine that with astonishing inflation rates and salary raises that don’t match cost of living increases or simply layoffs, and we have one fucked up situation.
This is a systemic problem. Billionaires shouldn’t exist. Billionaires are a societal problem.
edit: Oh, I see your comment isn’t directed at people living paycheck-to-paycheck, that’s a bit more reasonable then but I still think you’re missing the mark. It’s not as simple as “just increase your income” like you seem to be thinking it is.
The problem in this thread is that there are people - such as the one mentioned in the title of this article - that are living paycheck-to-paycheck by choice. They choose to spend their entire paycheck on stuff. They don’t need to spend it all, they could save some, but instead they buy the biggest houses they can afford or build a deck they don’t actually need.
There are people who would literally die if they tried to significantly reduce their spending. Those are the people who don’t have a choice, and I sympathize with them and want solutions for this because it’s a serious problem. The others I have somewhat less sympathy for.
