undefined | Better HN

0 pointsaziaziazi1y ago0 comments

> Economic illiteracy

I respect your opinion but the stats presented before does not “shows“ illiteracy but low investments. Lack of liquidity to invest seems a very plausible raison because a revenu threshold has to be passed to be able to buy food before founds. This stat is probably almost a proxy for how many Americans are below that threshold.

0 comments

3 comments · 1 top-level

Sankozi1y ago· 2 in thread

It is really hard to believe that 71.93% of Americans are on the verge of homelessness and starvation. Much more plausible (and even mentioned in the linked article under "Lack of budgeting and financial planning" and "Social pressures") are just bad habits.

Of course there are economic literate people who really are struggling, but I doubt they make even half of those 71.93%.

philosopher12341y ago

In this case you are revealing your own (statistical) illiteracy. It’s referring to 70% of people who claim to be living paycheck to paycheck, not 70% of all people.

aziaziaziOP1y ago

There’s a range of goods and services accessible on may consider after food but before investments : medical expenses, gas to visit family on week end…

j / k navigate · click thread line to collapse