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this post was submitted on 15 Mar 2025
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Leopards Ate My Face
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The neighbor is part of the (in 2019) 51%.
"Most Working Americans Would Face Economic Hardship If They Missed More than One Paycheck"
source
And on top of that for most government workers their paychecks have been remarkably stable. Assuming you'll always be employed plus easy credit and bad financial habits are a bad combination
Pretty much this. For many, up until basically right now, working in the federal government all but guaranteed employment for years. I tried very, very hard to be employed at my local NIOSH branch (sadly didn't make the cut) because of this fact.
Man, that's tragic. I was poor most of my early life, and when I finally started to make enough money to be comfortable, I knew that the thing I couldn't do was fall into the lifestyle trap. Living well below my means saved me so much hardship when things weren't going well. I know that many don't ever get to the point of comfortable, though, and there's a bit of luck and effort, to that.
I wish we could do that. Renting and buying houses today makes it incredibly difficult to live very far below your means.
Oh for sure. I had one good run with a company that went public. I leveraged that into long term investments rather than buying expensive stuff I didn't need.