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126
129
true no
Debate Score:255
Arguments:121
Total Votes:287
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 true (54)
 
 no (53)

Debate Creator

Godzilla(45) pic



Most poor people dont even try to save money even when they are able

true

Side Score: 126
VS.

no

Side Score: 129
3 points

Hello G,

That’s true. But it has nothing to do with being poor, and everything to do with not knowing how to save. Frankly, most of the people criticizing the poor don’t have a clue how to save themselves. For example, most people wait till the bills are paid and if anything is left over, they’ll save it. But of course, there’s never anything left over at the end of the month.

The way to save is to treat your savings like a bill and pay yourself first every month. Then, use the shit out of compound interest. Most people have no clue what compound interest is. Can’t save millions if you don’t.

OK, compound interest is when you earn interest on interest. You don’t have to understand it. Just make sure the account you deposit your savings in, compounds quarterly.

Please don’t tell my Jewish friends that I let you in on the secret.

excon

Side: true
2 points

Jewish wisdom on money? I'll take that ;) .

Side: true
1 point

The way to save is to treat your savings like a bill and pay yourself first every month.

Bronto Award for the Day

Side: no
1 point

But it has nothing to do with being poor, and everything to do with not knowing how to save.

No, it has everything to do with being poor. "Not knowing how to save" is just a different way of saying they're poor. If poor people want to save, they will save.

But of course, there's never anything left over at the end of the month.

Who gets paid by the month, apart from teachers? Most bills are monthly, but paychecks come every week or two.

Side: no
2 points

I think for the most part, the post has the situation misinterpreted. It isn't really the case that poor people don't try to save money; but that people who don't try to save money are much likelier to end up poor.

Side: true
1 point

This is true based on about 7 out of 10 Americans have little or no savings. But read more into that than just the poor. A huge swath of people who are not poor also don't save money even when they're able.

And, as someone already said in the other column, the crush of poverty itself pretty much never let's most people climb out of it.

Oh, and let's not forget, there are also lots and lots of people with big homes and fancy cars who lose it all because they live beyond their means until it all collapses.

Side: true
outlaw60(11106) Disputed
3 points

So Diaper Boy who is to fix the problems of little or no savings ?

"The crush of poverty itself pretty much never let's most people climb out of it."

Diaper Boy are you saying most of Americans live in Poverty ?

And Diaper Boy why is it you are concerned with Lots and lots of people with big homes and fancy cars ?

Side: no
1 point

Too many people, rich or not so rich, adopt a life style which is at the top end of their earnings.

Making provision for illness, old age or other contingencies is, regularly put off to sometime in the future, or ignored altogether.

They become accustomed to their comfortable way of life and assume it is going to last forever.

Sometimes it does, but all too often their circumstances change for the worse and they're left high and dry.

It is vital to produce a fixed and variable expenditure projection budget which should allow for all essential overheads but include a surplus, part of which should be allocated to short term investment with the balance being placed in a longer term plan with higher interest rates.

Such prudence offers a nest egg for the future and/or any emergencies along with a feeling of security.

Side: true

Most poor people, and I've seen this across the States, struggle to be able to save money because they're poor. I'm not saying it wasn't their fault, but it's difficult to save money when your weekly paycheck isn't enough for a week of groceries.

Side: no
3 points

@themadgadfly

Yes, if you stay at a 'Grocery Store'-type job, then there really is not going to be much of any money to save. However, the bigger question is;

"Why would you stay at that type of job indefinitely rather than seek training in order to credential oneself for a better job, in time?"

Side: no
1 point

Why would you stay at that job indefinitely rather than seek training in order to credential oneself for a better job, in time?

I've seen this argument in real life I lot of the time when talking to people about this topic, and I've experienced it in my own life. So, the main reason poor people stay in the same job instead of looking for a better one is because frankly, most of the time they can't afford it. Yes, there are unemployment checks, but you honestly can't live on those. Take it from me; my mom and dad were both working parents. My dad got laid off, essentially fired, and he was looking for a better job for around a month. If my mom hadn't been working, we wouldn't have been able to pay rent.

Hopefully I informed you in one way or another.

Side: no
Nomoturtle(705) Disputed
1 point

If a grocery store type job is a job that is required in society, a real job, then those that operate that job should be able to at the very least survive on the pay they earn from it.

Side: true
Amarel(2903) Clarified
2 points

You’re saying that poor people cannot save money. The topic claims that poor people don’t save money even when they can.

Poverty creates an environment wherein those in its clutches must attend to short run matters. It stifles the ability to have long term prospects, since immediate matters are a constant and long term goals appear unrealistic. As a result, opportunities that may exist are not perceived. Money that may be saved is instead spent on a brief repreave from the stresses of immediate matters. Often this repreave takes the form of alcohol or drugs, which are abused in higher rates among the poor.

Side: true
themadgadfly(659) Clarified
1 point

You're saying that poor people cannot save money. The topic claims that poor people don't save money even when they can.

No, I'm saying poor people do not save money because of their financial situation. Namely, being poor. Not to say that being poor is an infinite fractal that cannot be escaped from.

Poverty creates an environment wherein those in its clutches must attempt to short run matters.

Whoa friend, poverty and poor are not the same. Poor is defined as "lacking sufficient money to live at a standard considered comfortable or normal in a society". Poverty, meanwhile, is defined as "the state of being extremely poor". People in poverty cannot save money without risking their lives in the form of not buying food. Let me tell you as a person who grew up poor, poverty and being poor are not the same and I suggest you do not get the two mixed up.

It stifles the ability to have long term prospects, since immediate matters are a constant and long term goals appear unrealistic.

Using that logic, aren't immediate matters long term goals, in a way? Buying food, buying shoes, and working for at least minimum wage are all long term goals in the eyes of those in poverty. Not, the poor, mind you.

As a result, opportunities that may exist are not perceived. Money that may be saved is instead spent on a brief repreave from the stresses of immediate matters.

So, are you implying that it's the poor people's own faults that they're poor? That it's their faults that they can't save money?

Often this reprieve takes the form of alcohol or drugs, which are abused in higher rates among the poor.

Again, you are using the terms 'poor' and 'in poverty' as if they are interchangeable. They aren't. Yes, I will agree with you, where you say that drug and alcohol abuse is significantly higher among people in poverty, as well as with the homeless.

Last thing, please do not act like you know more about the poor and those in poverty than people who were in those positions at one point in their lives. I know everyone on this site loves to go on philosophical tangents, but it just doesn't work here.

Side: true
2 points

Most poor people are too old or sick to work. They have no point at which to start of getting a job or being able to reliably save money. Hundreds if not thousands of dollars are needed to just get a job at mcdonalds. Seems crazy? You have good clothes, a home, a car and no other worries that matter here besides getting that job. They don’t. Most places try to hire young people too, most homeless are older. Negative views towards homeless also serve to hinder employment as well as transportation. Getting back to the discussion, when homeless are able to save any real money (which is rare) they usually have lost hope and use it on the pleasures of life. Who can blame them?

Side: no

I am poor. I pinch pennies....................................................................................................................

Side: no
1 point

I don't agree with your point, however, with the fact that poor people don't even try to save money when they are able to afford the money.

First of all we all know that poor people need money or a shelter to live in so if they afford it for themselves if they are clever they would save money for the future. But put in your mind that they need money so hard and if they afford it they will try all there best to use it only for the essential things they need. They will not waste it on such ridicules stuff.

Second thing you are not in there mind to know what their thinking about, every person have their own persecutive. I respect yours but why do you bother about poor people? I wonder.

Side: no
0 points

Shut up bronto. The solitary point of having an economic system in the first place is so that it benefits everybody or almost everybody. If it isn't working for people then blaming them for it is regressive and stupid.

Side: no
xMathFanx(1537) Disputed
2 points

@Quantum

Shut up bronto.

You have no evidence this is Bronto

The solitary point of having an economic system in the first place is so that it benefits everybody or almost everybody.

This is utterly wrong

Side: true
1 point

This is right. The point of an economic system is to sevre whoever controls it

Side: no
Godzilla(45) Disputed
1 point

The solitary point of having an economic system in the first place is so that it benefits everybody or almost everybody

I be Quantumhead puppet.

You are wanker. Everybody doesn't mean every bodies from other countries you lizard brains.

& if the bloody wanks won't save money like adult it is no Godzilla fault.

Economic system can no make Libby wankers save the money. They be go & buy $1,000 phone & the $5 Red bull. Not Godzilla fault. Quantumhead fault. Pay 4 you own food. This Godzilla food. You need the lizard food.

Side: true
Mosadegh(14) Disputed
1 point

Disconnected and spiteful argument rather than an intelligent one. Make more sense and don’t depend on petty personal attacks.

Side: no
Amarel(2903) Clarified
1 point

The solitary point of having an economic system in the first place

What do you suppose would happen if everyone decided to not have an economic system?

Side: true
Amarel(2903) Disputed
1 point

What do you suppose would happen if everyone decided to not have an economic system?

Side: true
Amarel(2903) Clarified
1 point

What do you suppose would happen if a whole forest decided not to have an ecological system?

Side: true
Logically(192) Disputed
1 point

Poor analogy. You're referring to a forest as a sentient individual/organization capable of dismantling their ecological system if they so chose. Humans are sentient beings that are able to communicate and reason; if we all, for some reason, wanted to dismantle our economic systems, we could. A forest couldn't.

Side: true