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1poorguy,

They almost certainly do not. Certainly not to go for 4-8 weeks without a paycheck. I read a while back that a $400 unexpected expense could break 1/3 of American workers. They are paycheck-to-paycheck. They cannot afford to be out of work.

I'm among the 80%, though technically on disability leave I am WFH anyway. I could cover that expense pretty easily. The 20% are probably wait staff at restaurants and such, and I suspect a large overlap between those sorts of jobs and the people who can't afford a $400 unexpected expense.


You almost document my point.

a $400 unexpected expense could break 1/3 of American workers. 2/3 of Americans can handle that expense.

20% are probably wait staff at restaurants and such Sure, but the 20% also includes plenty of professionals.

The bottom third of the population probably needs help. The top third can probably manage on their own. The middle third often needs some coaching. Not necessarily handouts. We keep hearing that places like Amazon and grocery stores and other mail order businesses are hiring.
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