Yellen says government will help SVB depositors but rules out bailout

Re:Yellen says government will help SVB depositors but rules... by mullingitover on Sunday March 12, 2023 @04:27PM (#35125799)

> One can't escape the sense that if they've done the kind of budgeting that a regular American does, they will be fine.

I can't escape the sense that if they've done the kind of budgeting that a "regular American" does, they're in deep trouble[1].

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Re:Yellen says government will help SVB depositors but rules... by shadowgovt on Sunday March 12, 2023 @05:16PM (#35126416)

Budgeting, not saving. It is entirely possible that the median salary in the United States is not enough to save on.

But when you have nearly double that salary, what's the excuse for failing to save?

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Re:Yellen says government will help SVB depositors but rules... by mullingitover on Sunday March 12, 2023 @09:25PM (#35129406)

I’d go with tens of thousands in student loans, combined with most jobs being concentrated in high cost of living areas.

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