947
A staggering 80% of American households are financially worse off than they were before COVID-19
(finance.yahoo.com)
this post was submitted on 07 Nov 2023
947 points (98.6% liked)
News
23301 readers
4555 users here now
Welcome to the News community!
Rules:
1. Be civil
Attack the argument, not the person. No racism/sexism/bigotry. Good faith argumentation only. This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban. Do not respond to rule-breaking content; report it and move on.
2. All posts should contain a source (url) that is as reliable and unbiased as possible and must only contain one link.
Obvious right or left wing sources will be removed at the mods discretion. We have an actively updated blocklist, which you can see here: https://lemmy.world/post/2246130 if you feel like any website is missing, contact the mods. Supporting links can be added in comments or posted seperately but not to the post body.
3. No bots, spam or self-promotion.
Only approved bots, which follow the guidelines for bots set by the instance, are allowed.
4. Post titles should be the same as the article used as source.
Posts which titles don’t match the source won’t be removed, but the autoMod will notify you, and if your title misrepresents the original article, the post will be deleted. If the site changed their headline, the bot might still contact you, just ignore it, we won’t delete your post.
5. Only recent news is allowed.
Posts must be news from the most recent 30 days.
6. All posts must be news articles.
No opinion pieces, Listicles, editorials or celebrity gossip is allowed. All posts will be judged on a case-by-case basis.
7. No duplicate posts.
If a source you used was already posted by someone else, the autoMod will leave a message. Please remove your post if the autoMod is correct. If the post that matches your post is very old, we refer you to rule 5.
8. Misinformation is prohibited.
Misinformation / propaganda is strictly prohibited. Any comment or post containing or linking to misinformation will be removed. If you feel that your post has been removed in error, credible sources must be provided.
9. No link shorteners.
The auto mod will contact you if a link shortener is detected, please delete your post if they are right.
10. Don't copy entire article in your post body
For copyright reasons, you are not allowed to copy an entire article into your post body. This is an instance wide rule, that is strictly enforced in this community.
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
I found out my wife was pregnant about a week before shit really hit the fan. We were completely prepared, had money saved up and everything.
The covid hit. We both lost our jobs, and unemployment wasn't nearly enough to cover the bills. I couldn't find another job anywhere.
We lost everything. Both of my cars got repoed, I get eviction notices every single month because rent is behind. We pulled out credit cards for food because we don't qualify for assistance.
Slowly, we both got jobs, I got lucky and jumped right back into my career that I love, and we're still trying to get on our feet. The credit cards are killing us.
Oh, and when our daughter was born, she had to be life flown to another city because she almost passed away (long story). 150k bill. After insurance.
Moving forward, do you think you will save up more in an emergency fund than you did previously?
I would say yes, but I am drowning in debt now. Always a month behind which brings late fees which makes things harder to keep up on.
Also, pg&e burnt the town next to us entirely down (today is the anniversary!) and their solution to dealing with all the lawsuits, was to raise everyones utility bills. My bill was $50 to $100 before the fire. Last month it was $400. I haven't been running heat or AC and the app says my energy usage is consistent for my home size.
It's expensive to be poor.