63% of workers unable to pay a $500 emergency expense, survey finds. How employers may help change that
www.cnbc.com
High inflation continues to add financial stress to workers' budgets. Experts say new benefits to provide emergency savings plans may help.
  • @dfc09
    4•1 year ago

    True, financial literacy is pretty lacking, but that’s more of an education issue than “their fault”

    Most dealerships and banks will happily approve a loan that’s too high to be realistic. It’s predatory, I make $20/hr and got approved for up to $300k for a mortgage. I bought a house worth half that and it’s still a lot. Just feel like banks really shouldn’t let people sign loans worth 80% of their monthly income