I read that half of Americans couldn’t cover an unexpected $1,000 expense. This sounds crazy to me. I understand that poverty exists, but the idea that an adult with a job doesn’t even have that amount saved up seems really strange.
What’s your relationship or philosophy with money? What do you credit for your financial success, or alternatively, what do you blame for your failures?
For the extra brave ones: how much savings do you have, and what are you planning to do with them?
If inflation causes your costs to go up, can you, and all the other plumbers in your area just go ahead and raise your prices to make up for it? Yes… People who are paid by tax money can’t just raise their rates. Even if they go private, Medicaid (in US) tells them what they can charge.
Anyway, I didn’t mean to disparage plumbers. I was using them as an example of an equally important part of society, but that gets to adjust their prices as needed instead of having to wait for a literal act of Congress to adjust prices and pay for inflation.
Fair point. That indeed I can do.