keds_economist
Region: US
Friday 25 October 2024 17:14:47 GMT
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Jono/Jonathan 🍉 :
The rhetoric of poverty as an individual moral failure rather than a systemic attribute of the current system allows people to ignore the cause and blame individuals. It’s not good.
2024-10-26 06:52:32
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Daverino :
Also: when money is tight, the car is one of the first things to get paid. You can live in your car but you can’t drive your apartment to work
2024-10-28 00:45:56
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Kristy :
I had a great job until I was injured last year. my nice car was just paid off before I lost my job.
2024-10-25 18:33:55
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More Than a Mom :
My Boomer parents love to talk about the vehicles and phones of their “poor” coworkers and employees. They think they’re all scammers and liars. No critical thinking skills.
2024-10-25 18:18:07
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Your Little Friend Bernice :
It takes 7 years to pay off a car nowadays. A lot of 💩 can go wrong in 7 years. They could live in that car if worse came to worse.
2024-10-26 14:29:18
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dstt240 :
Waiting until people have nothing makes their recovery soooo much harder. It’s likely cheaper to give benefits early and repeatedly than late and forever.
2024-10-25 19:14:50
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kellisareed :
another viewpoint. the person with the nice car could be buying food FOR someone who is housebound or otherwise unable to do it themselves
2024-10-26 12:40:37
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Shana West :
Plus, used luxury cars get really inexpensive around the 7-8 year age mark, and I think most people are only aware of the brand and not the model year of a car and assume it was bought new.
2024-10-26 13:38:45
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user2468 :
When my dad walked out on his wife & 6 kids, we needed food stamps. Our home had nice furniture. We had a decent car. We didn’t have actual money for food.
2024-10-26 10:06:49
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Chariot :
I've worked at a food pantry and you'll see the whole spectrum. I try to keep it simple. I don't need your story – if you ask me for food, I'll give it to you. I'll leave the judgement part to God.
2024-10-25 19:03:37
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juddswanson :
Worth noting also that it may be difficult or impossible to get your equity out of a nice car and get a cheaper car without being penalized by the program.
2024-10-25 20:09:35
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JustJoe :
I was laid off for the first time in my career after 30 years. I was eligible for food stamps at one point but was able to get another job. I understand this completely! Thank you.
2024-10-25 19:09:40
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baadbenny :
my wife and I were able to finance a great new car at 1.9% rate back in 2021, if we lost both of our jobs we’d keep it cuz those deals are damn near nonexistent now, plus we need a car where we live
2024-10-25 19:06:45
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Woodlawn Refills :
We got an EBT card after suffering a huge flood in our home 11 years ago. It was a lifeline for sure. You never know what people are going through
2024-10-25 18:50:27
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Listhpy :
Back when I was in severe poverty, friends would lend me their cars to grocery shop because I didn't have one. People assume too much narrative from appearances.
2024-10-26 16:50:29
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TheFamilyPreservationProject :
thank you so much for this. any of us are a tragedy or two away from rock bottom.
2024-10-25 20:14:33
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Aleah Buck :
When my family was on benefits, we were gifted a car by family. Lifesaver for us, no way we could have bought it on our own
2024-10-26 17:55:29
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eilcol :
Volunteering at a food pantry, I saw everyone come in. Even a high school pal who became a lawyer, due to sudden separation she had no money for food until next paycheck. Poverty can hit sudden & bad!
2024-10-27 12:27:26
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GMack :
The examples were a freshmen year sociology example: may have borrowed car, may have purchased before current situation. Don’t draw a conclusion from incomplete data.
2024-10-25 19:41:27
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littleolecatdog :
Such a powerful presentation! I volunteer at a food shelf and I get the car statement all the time. Thanks for educating me on how I could respond!
2024-10-25 19:24:52
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Gena the Haitian Therapist🇭🇹 :
I LOVE your videos, Dr. Edwards! You share info that can be hard to grasp/quantify in a clear & objective way. You make us look at these topics and challenge our assumptions. Keep the videos coming!
2024-10-25 18:13:22
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@ :
Thank you from a social worker who has accompanied the people in your scenarios, and many more. I have so much respect for economists who provide us a systems understanding of poverty. Thank you for all you do.
2024-10-26 17:42:23
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pacnorwest_rose :
Even if they were to trade in that nice car, how are they supposed to qualify for a new loan on a cheaper car with NO INCOME?!?!?!? 🤯
2024-10-26 16:40:59
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Lisa N :
I really love your content! Didn’t think I would be so obsessed with longer explainations of economic statistics but here we are 😂 you explain things so well and use such great analogies!! 🩷 thank you!! 🤗
2024-10-25 18:44:49
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Whimple21 :
I was broke af and the only gift I was ever given was a new car from my grandmother, that lead me down a path of fixing my credit and buying a home 6 years later- without her help and car I’d fail
2024-10-27 12:58:33
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