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Assuming the title to be accurate, what is a good way for the working class (90%+ of all humans) to save and succeed in this current environment?

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[-] Ziggurat@sh.itjust.works 29 points 3 months ago

what is a good way for the working class (90%+ of all humans) to save

Gonna sound like a dangerous lemmy communist, but vote for parties who want to raise wages and join Union to defend your rights. The main problem is that most working class struggle to finish the month without a negative bank account, once it's solved, saving become possible again

[-] rockmeat@feddit.org 8 points 3 months ago

You sound like a decent social-democrat to me

[-] aviation_hydrated@infosec.pub 0 points 3 months ago

But if their savings is in fiat, and its stated goal is loose value 2-3% annually, then the working class could never retire unless they make every economic investment choice correctly their entire life to have beaten inflation

[-] anindefinitearticle@sh.itjust.works 6 points 3 months ago* (last edited 3 months ago)

Which isn’t always plausible to do in a country lacking social safety net, public healthcare, etc.

[-] aviation_hydrated@infosec.pub 3 points 3 months ago

Yeah, hence why I'm looking for ideas

this post was submitted on 27 Jul 2024
17 points (58.6% liked)

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