Over half of Americans claim they're nowhere near achieving their definition of financial freedom, with 36% saying they have less than $1,000 in their savings accounts.
  • lemming007@lemm.eeEnglish
    31·
    1 year ago

    If the respondents are defining “financial freedom” of course they’re going to say they don’t have it.

    I make a decent salary and I would still say I don’t have financial freedom.

    • trudge [comrade/them]@hexbear.netEnglish
      3·
      1 year ago

      That’s because financial freedom is defined by social safety net (for non-bourgeoisie).

      It’s not something that you earn as an individual, but achieved as a society.

    • 420blazeit69 [he/him]@hexbear.netEnglish
      2·
      1 year ago

      A bunch of people say they do have it, though. A “decent salary” (also self-defined) doesn’t guarantee financial freedom because of things like debt, the astronomical cost of healthcare, and the fact that you’ll never be able to comfortably retire unless you’re a literal multimillionaire.

    • TheWoozy@lemmy.worldEnglish
      2·
      1 year ago

      No matter how much money I have, I won’t be financially free until the day I officially RETIRE. As long as I have to work, I’m not free.

    • Turkey_Titty_city@kbin.social
      11·
      1 year ago

      what is financial freedom? like, never having to worry about money?

      because even billionaires aren’t financially free then.