PrettyBlackDressIf You Were Unemployed, But Had A Hefty Savings Of 10K, In What Ways Would You Approach Your Job Search Differently?
OrbituaryWhat everyone in this comment section calling out “10k isn’t much” are failing to understand is that over 60% of the USA live paycheck to paycheck and don’t have any savings to speak of. Extend that to the world and you would go pale.
Check your privilege and get educated.
More than 60% of Americans are living paycheck to paycheck. Here's what researchers say is to blame.
Even 4 in 10 high-income households earning more than $100,000 are living paycheck to paycheck, a new study finds.
Yea seriously thank you. I’m like mind blown that ppl don’t think that’s a lot of money. 10K would last me almost 2 years not working. I’m single, no dependents, my rent is cheap and I own my car. What’s the deal here man? Why’s everyone pissing on 10k as chump change? That’s a lot of money man
bionicjoeyMy condolences for your situation but the reality is that it simply isn’t a lot of savings.
10K lasting you 2 years is a fantasy. If rent is $500 a month, (which is an overwhelmingly generous estimate in this economy), you’re still talking about $500x24 months = $12K. That’s ignoring literally all other costs of living like food, transportation, electricity, etc.
I’m single, no dependants, don’t need a car to get around, and 10K would still not even last me a year simply because my rent is $1100 a month (and that is considered really good for a 1br in my city)
$1100 for a one bedroom? That would be crazy good where I’m at even for a studio where you’ve got bullets flying at night. I’d blow through 10K in rent in a few months. Where the hell does OP live that they could survive 2 years? There’s no way I’m even in the same country as OP.
Yeah I’m super lucky. I live in a major city in Ontario. My rent is partially controlled due to provincial laws and my building being a bit old, and I’ve lived in it for about 5 years.
I’m kinda trapped though since I’d probably be paying double for a unit of the same size elsewhere in the city, and even more if I wanted to get an even slightly larger place, so I have to be happy with what I’ve got until the housing bubble bursts. I’m not complaining though, the building is well kept and in a very dense and walkable neighborhood with lots of amenities.