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What 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.
https://www.cbsnews.com/news/paycheck-to-paycheck-6-in-10-americans-lendingclub/
https://www.lendingtree.com/debt-consolidation/paycheck-to-paycheck-survey/
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
That would last you two years of not working???? That wouldn't last me a year of rent (maybe 6 months or less), never mind other expenses like food. I don't even live in an overly expensive place like California or NY. I also don't have any extravagant expenses. What in the world place do you live in with rent that cheap?
The insane levels of post-COVID inflation has been a real bitch, though. Prior to COVID, that would have been around a year's worth of rent (but still not enough for other things like rent and utilities). But everything has skyrocketed since. But even pre-COVID, I can't imagine $10k being two years of total living expenses.
My rent is 800 a month for a 1bedroom 1 bathroom
I'm no braniac, but $10k does not at all cover two years of living expenses if your monthly rent is $800...
Probably less yes