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A comment on Ask HN: What you up to? (Who doesn't want to be hired?). Parent comment

Re:Ask HN: What you up to? (Who doesn't want to be hired?) by davidajackson on Wednesday November 03, 2021 @01:41PM (#29097942)
Is it really unintuitive? Most Americans only save about 7% of their income IIRC, wouldn't it make sense that they would mismanage most windfalls by default? In recessions, this number jumps up dramatically, proving that it's mismanagement that contributes.
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Re:Ask HN: What you up to? (Who doesn't want to be hired?) by muzani on Wednesday November 03, 2021 @05:18PM (#29100394)
I don't believe anyone gets a windfall by saving 7% of every paycheck either. Those who ran a startup make it a habit of burning through millions a month too. What's really unintuitive for me was seeing that CFAs are terrible at personal money management.
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