Re:The Case for Degrowth
by honkkong420 on Thursday August 11, 2022 @12:20AM
(#32421546)
Strongly disagree, being able to accumulate enough money to cover the bumps of life can be the difference between stringing along a middle class existence and everything working out and going broke.
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Re:The Case for Degrowth
by pessimizer on Thursday August 11, 2022 @12:50AM
(#32421708)
$25K is peanuts if anything even mildly serious happens.
If you are insured, $25k is plenty and cover 99% of situations.
Of course - the hypothetical emergency fund is great. The problem is the required amounts are rapidly growing.
An emergency fund of 10k barely covers the 8k average deductible for a family. Ignoring things like rent, food, etc, all rapidly increasing.
To have a worthwhile emergency fund is too costly for most americans. Might as well finance a car - it won't matter.