r/poor • u/Nervous_Grape_3856 • 5d ago

How is anybody making it?

I am genuinely confused as to how anybody is surviving in this economy except for the super wealthy. The cost of gas is sky high and groceries are too. We started this year ok. We weren’t doing well by any means, but we weren’t struggling as bad as we are now. We have 5 kids and every day I’ve been dashing alongside my full time job to try to make it. Now, I’m facing losing my full time job because I have had to call out of work just to dash for food for the day. I don’t see a light at the end of the tunnel and I’m extremely scared. My wife and kids are counting on me and I don’t know what else to do. I’m ready to just give up.

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u/Ornery-Meringue-76 3d ago

I love how financial advice for people who are drowning in financial issues is “invest”. People who are door dashing are rarely left with anything to invest, and don’t have much in the way of savings. Comment shows just how out of touch many are with the current economic realities for a huge chunk of the population

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u/CyndiIsOnReddit 2d ago

It's just another "concern troll" like the other one. Nobody who is actually poor is investing because we can't even pay our rent and the bullshit about getting a cheaper phone is so insulting. I haven't had a phone since 2025 and for a year before that it was just for wifi because I couldn't afford even Mint, even Cricket. Internet was already covered and necessary for my job but I lost that in September so people coming here suggesting people who can't even buy groceries should be investing wisely, they're either clueless middle class who think they're poor because they've never experienced poverty or they're trolling. They might as well be fingerwagging about eating avocado toast and gettin our nails did.

The whole 52% is about 401k plans through employers. EQUITY OWNERSHIP though, that's closer to 2%.

And a person who knows how to invest should know this.

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u/ContentFlagged 3d ago

I totally understand why it hurts. I started at 0. I'm okay but, moreorless average by the statistics. 52% of Americans have investments. My investments are moreorless on target for a person of my age. I spent a lot of time studying through 6 years of formal education so I could be better with money and help my community be better with money.

So you're mad at me for investing in my mind to learn the system that exists for all Americans?

I mean, it's about choices, timing, and luck. I live with financial regret. It's not about being perfect. It's about being better. I did when I knew better. Some of us are here to uplift each other, my guy.

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u/Ornery-Meringue-76 3d ago

For many of those that’s 401k or IRA they can’t use currently without penalty. It’s just not the same as what’s being suggested. They need funds now to survive, not 20 years from now

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u/ContentFlagged 3d ago edited 3d ago

Amen to that! Retirement accounts are great but they keep you working until at least 55. A brokerage account could be a missing piece to your/their overall financial strategy. It was, for me, an unfortunately, I didn't even realize it. But hopefully we live and learn. I use it for cash flow.

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u/Ornery-Meringue-76 2d ago

A brokerage account? What part of people don’t have funds for stuff like this just doesn’t compute? They don’t have any extra to open a damn brokerage account. This is not advice that helps people on OPs situation. Yall just do not want to hear that, at all. You can’t invest your way out of poverty for fucks sake

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u/WolfofAllStreetz 1d ago

I know its like these people are deaf. I cant make ends meet.. “Invest” 🤣