I guess everyones perception of “poor” is very different
Thursday, 13 Mar 2025
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Just happy I saved up my first 1200. 45000 might as well be a million.
Today was the biggest input to my savings ever, €100.
So now i have €250 in savings.
I have 100 dollars in savings and about to have to use it for gas :’)
Me but I accidentally typed 45k instead of 45
wtf do their bills look like that 45k in savings is something they consider a poor person has access to? 😭
Today at Blind.
I was homeless, but employed about 6 months ago. Ever since I started renting a room I haven’t been able to save *any* money (American here).
Paying off half your credit card debt and not adding new feels amazing.
Having zero debt feels amazing.
Having 3 months of expenses saved in an emergency fund feels amazing.
Investing 10% of your paycheck for long term growth feels amazing.
Every step is amazing.
It’s all relative honestly. I have the most I’ve ever had saved but still feel like it’s not nearly enough to buy a house and have a baby, which are 2 things that have become outrageously expensive. 45k is a lot of money to have and can drastically improve your life, don’t get me wrong. But it is definitely not enough to be considered rich.
You guys have savings?
Why is it a competition?? I swear sometimes this sub gets caught up in ‘I am poorer than you’ instead of realizing that all of us are at the bottom of the barrel financially. It’s awesome that person has saved up 45k, but realistically they are still unable to afford many things we were all lead to believe would be part of our future. 45k is a down payment on a house, but not a nice house and not in a HCOL area. It’s not anywhere near enough to start a family.
This infighting is why the 1% keeps getting richer, by encouraging the very poor to hate the somewhat less poor instead of those who have created an economy that doesn’t benefit any of us. Best of luck to that guy, it’s a great start for a better future. Fuck the billionaires, cause they could give each and every one of us 45k without batting an eyelash, but will never do it.
It’s easy to forget that anyone on the internet can just say anything, too. Do you think *all* these people who preach about how financially well off they are actually do that well? Many of them probably aren’t and are just looking for a way to feel superior.
The Reddit bubble is quite difficult and a very little one.
Most people also perceive a wide range in-between poor and rich. I wouldn’t consider $45K in savings to be poor but I wouldn’t consider it to be rich either. That’s probably what the commenter in the screen shot meant, since I don’t see them actually use the word poor anywhere.
My washing machine broke last week and I was able to go out and buy a new one without redoing the books. To me that’s a positive sign. (Make no mistake tho, I still belong in this sub)
I just hit $4k in savings (anticipating paying for a surgery) and I feel rich. Jfc
Even when your money set aside is kicking off $300/ mo. while you’re sleeping you still won’t feel like you have enough. Trust me.
This is why I don’t really worry about people who aren’t me…
I ended up in the hospital this month, and I’ve been depressed because, even with getting in touch with their financial support department and taking other strategies, I’m going to take an enormous hit. If I had 45k in the bank, I would’ve paid it by now.
Meanwhile, a lot of these people have all kinds of support (which is great!) while masquerading as poor because they’re not as wealthy as the next guy. Not that these people are my enemy, but we just aren’t in the same struggle, so I’m just going to assume I’m worse off than other people and move as such. It is a lot less maddening when you approach it that way.
I’m just holding out for tax time so I can get my student credit. That’s how I’m doing. Sorry to these people who feel broke with a decent cushion sitting in their bank account.
Don’t believe everything you read on Reddit. Anytime a post asks about people’s incomes suddenly it feels like the vast majority of people are making 6 figure salaries. Keep in mind only something like the top 15% of earners in the US make more than $95k. So I’m not surprised to see people saying they have large amounts in savings as well.
I’m always interested to see how everyone’s doing but it’s hard, if not impossible, to get reliable answers. Either people outright lie, or at the very least only those in the very top margins are willing to share.
Recent surveys have found that over half of Americans have less than $1000 in savings. Moral of the story is, save what you can afford to in your current situation. Odds are you’re better off than most if you are saving anything at all.
lol Yeah, 45k is a lot. Reddit definitely has a way of making me feel even worse about myself though!
Savings? What’s savings? I only even have a 401k because I was awarded 50% of my ex-husband’s in our divorce settlement. I’m 54 years old and I’ve never once had a job that provided a retirement plan. Even when I was making good money it was always as a consultant so there were no benefits.
I legitimately struggle to put back any savings whatsoever, despite being in a position to now. I’m so used to not having discretionary income that I just keep using it on “fun” purchases.
I asked a banker once who told me it goes from either end of the spectrum, however he says some people with the big houses, etc. are barely getting by with no savings and borrowing against their equity in their house
If by savings they mean 401k I can understand. 45k in just liquid “savings” is strange for almost anyone making under a solid six figures.
I’m 31 and if you add the amount in my Roth, old 401k, and HYSA in total, I have a little over 24k.
I feel like I’m so fucking behind in life.
I have $45.00 saved.
Bruh I’ve got like $1000 lol oof