General Discussion
In reply to the discussion: Does anyone else out there live week to week like I do? [View all]jtuck004
(15,882 posts)Screw having a house, put 'em in tents on cots. And clothes - way too much - just stick em all in robes - they're animals anyway, right? It's not like they're our neighbors. So don't waste money on underwear...
Yeah, I feel ya'. You are 100% right as well - people can save money. But this isn't really about people with money who have it to waste. In the original post it's about the seniors who worked for 60 years, either in the workplace or perhaps taking care of a home, and are now one of those who live in poverty so that others can afford their multiple homes, car elevators, private schools.
There are those who are saving - the average for 401k's was about $49,000 a while back. But at the same time the median value was $2000. So half of all of us are hitting 60 with little more than Social Security. Hard to understand when the fastest growing job segments are the lucrative home health aide and travel industry jobs such as wait staff or housekeeping, eh?
People can be cruel and thoughtless in not considering the circumstances others have to deal with, and I am just astounded that that people don't seem to realize or care about the millions in dire circumstance, or about the decades people spent being taken advantage of by others, or by a government that abandoned its people to allow banks to perpetuate an ongoing fraud that may still destroy this country.
There is not enough opportunity to overcome the structural barriers because the investment that would otherwise go into our country is being used to support the assets of the wealthy by the banks, with the help of their friends in government.
Contrary to the popular opinion of some I think the fault actually lies with how the economy is structured to take away the possibilities of wealth creation from most people and funnel it upward, not with the person of low-income.
But I don't want to leave the impression that there is no hope. There are always people with vacuous phrases such as "People should save more".
Maybe they can eat that.