Chase’s bank account: Use that building you already have on Park Ave
hah, we can burn chase bank.
BOOM! ROASTED!
I know quite a couple of people making about 150k+/year and they live paycheck to paycheck. They spend money like it’s nothing and can’t save any money. This one person had to move back in with their parents after they lost their job after 10 years. They were making at least 150k/year for ten years and had no savings. They didn’t even have any debt. They just spent every dollar they made. There are a lot of people like that and I would imagine the tweet is referring to those personality types. Like I know this one guy that took an Uber just to go 2 blocks.
Most people are like that. And the reason is the lack of financial education. The education system must change.
Chase has apparently never read the famous work of literature, “Old Mother Hubbard.” But then it may be too difficult for them.
They just know about the Old Mothe Hubbard brand doggy biscuits that are bone shaped.
So follow my logic here, as it’s rather complicated. If I eat the food in the fridge, there will be no more food in the fridge.
Anyway been poor has nothing to do with me spending money and everything to do with me not getting enough money. Rich people spend much more money than I do and yet they’re fine, so clearly the spending of the money isn’t actually the problem.
Rich people spend much more money than I do and yet they’re fine, so clearly the spending of the money isn’t actually the problem.
I’m going to go ahead and appropriate that for liberal use. “Used liberally”, that is, not “used for Liberal politics”.
eat the food that’s already in the fridge
That is such a perfect crystalline out-of-touch rich-person take that it has to be a bait. Right? …Right?
Don’t your servants fill your fridge with tasty home cooked meals that never run out???
No I moved out when I was 17.
How is it the bank’s fault if your balance is low? I don’t get what’s the point of this. Your balance is low because your spending matches or exceeds your income.
i hope you’re trolling.
I’m not. What am I missing here?
What am I missing here?
For one thing, you can’t eat food in a fridge if there’s no food in there because you can’t afford to buy groceries.
The hypocrisy. Plus a bit between the lines about the changing role of the banking sector in the economy over the last 40-50 years.
They’re covering for systemic political issues by blaming it on the individual, essentially covering for poverty wages and other problems related to income distribution. I don’t know why they do this, either. But that’s why this rubs many people the wrong way.
People don’t get into trouble because of avocado toast but depressed wages, soaring house prices, medical costs, etcetera. What the hell are people supposed to do if the minimum spending to survive is already too much for their meager income?
What the hell are people supposed to do if the minimum spending to survive is already too much for their meager income?
If one can’t cut their spending then they need to increase their income. Making coffee at home instead of getting starbucks, cooking instead of eating out and not taking a cab to travel short distances is all good financial advice.
If one can’t cut their spending then they need to increase their income.
…with this one simple trick!
They could ask for a competent banking sector that works in the interests of the whole economy too.
Unthinkable.Sure. And while they wait for that miracle they can also take steps towards personally easing their situation. Broken banking sector is not the sole reason for people’s financial struggles.
Historically it’s not miracles that brought banking regulation (unless you believe that bit abut Jesus in the temple), it’s trajedy, like 1929 and WW2.
it probably won’t get that bad though because these days they’ll keep bailing them out, their failures paid for by your economic future - gradually enough so that it’s not as bad in concentration as 1929, just spread it out into long term inflation so that it’s harder to notice. All the whiile people can keep tightening their belts.
And, I’m not saying people shouldn’t; being frugal is good, but, once you’ve switched to your frugal lifetyle, it’s increasingly hard to make the next round of cuts, and the next one and the next . . .
just increase your income, dummy! how have we never thought of that‽
we can also solve mass shootings in the US. if one can’t survive shootings, they need to stop getting shot.
Yeah, who would have ever thunk of that /s
…or spend less.
This has nothing to do with mass shootings.
hear that homeless people? you spend too much!
People know that. They’re broke, not dumb
In this meme they are dumb because they are broke but still eat out and catch a cab 3 blocks. Even when told of their irresponsible spending they make no adjustment.
A strawman
…and it’s the bank’s fault and theres nothing the individual could do differently? I don’t buy that. Complaining about it on the internet is not going to help, that’s for sure. I know several people like this and they’re all notoriously bad with finances. Many of them even earn more than I do but they spend it all on expensive new cars, getting the newest smartphones, TVs and tech, frequent vacations abroad, homes that are way out of their budget, streaming services, clothes, ordering takeout etc.
The problem is the tone of the message. Chase isn’t giving solid financial advice, here. They’re creating a strawman of “bad with money”
Credit union gang where you at?
Or small regional banks! They called me once when I wrote a huge check for a contractor but forgot to move the money, nice lady at the bank said I had enough money it just wasn’t in the right account and the check is going to bounce, she inquired if I wanted to move the funds so the check would clear. Yes please! Closed all my other bank accounts with other banks and never looked back.
I deadass watched a regional bank get bought out by chase. Went from 4.8 to 3.0 stars overnight.
Removed the teller desk a year later so it basically became a building sized ATM.
Thankfully there’s another regional bank that refuses to be bought out the same way, and also a larger credit union that has a branch in the area.
I have only not gone with a credit union for a year of my adult life. I’m 47 now. It was a big fucking mistake too. Never again.
So many extra and unreasonable charges.
In navy boot camp they require you to open a new bank account with your choice of either the Navy Federal Credit Union, or some other banking institution. You can tell which one I went with, since I can’t remember the name of the bank that they offered. They do this to ensure that young sailors are paid into an account no one else has access to. Far too many veterans got out expecting four or more years worth of pay to be waiting in an account, only to find their parents spent it all.
Stop trying to make fetch happen Gretchen.
Their response:
“Our #MondayMotivation is to get better at #MondayMotivation tweets. Thanks for the feedback Twitter world.”
So… they’re essentially just saying that they make better tweets to remedy the situation.
They’re saying that they feel bad that they didn’t pull off the “cool, hip young attitude” that their test markets, data-points, cited studies and weeks of brainstorming sessions predicted, so now they’re going to shift around leadership in the marketing teams and try to approach their social media presence from a different angle, one that appears respectful of modern social issues but also not afraid to throw out some media-safe zingers from time to time! Additionally, a newer model of AI to help reply to questions will surely connect with the people who are all so amazed by AI technology.
That sense you get reading this, that overwhelming desire to find something tall to hurl yourself off of… that’s the reason we haven’t done anything about climate change. We are answering the call of the void because we know deep inside there’s no hope.
But they will never admit that making “humorous” and “irreverent” tweets are not something people actually want to read from a fucking bank.
The point is they don’t even think this way to begin with. They don’t think in terms of “human connecting with other humans” they are looking at us like a liquid. A set of probabilities and factors and challenges to extract as much money from as possible via literally ANY kind of psychological manipulation they can legally employ… and it’s not like there’s any laws about “not coercing or manipulating customers” so there’s almost no limit to what companies can get away with. We only really notice it when it falls flat like this, but the more successful marketing campaigns are far more subtle and effective, and you will have your free-will compromised without realizing it.
Source: worked in marketing for a few years, felt the soul being extracted from my body every day I worked there.
Marketing is truly the worst. A friend of mine studied psychology and his classes were inundated by industry trying to convince them to go into marketing.
You can’t interface fairly and honestly with people. No, you have to use how their brains work to trick them into buying your products!
/s
Echoing what soup said. It really says everything with clarity.
Brilliantly put. Thank you for this.
Poor people do have less money to waste
corporate twitter accounts suck ass
worst bank ive ever had the displeasure of using, they’d take a $12 “service fee” out of my account that I was using for savings for not having direct deposit set up for it, while I was struggling financially. way to kick someone while they’re down.
Okay, but outside the context, this is good advice.
billionaires tell common people to not have coffee
It said make coffee at home. Can make some small but not insignificant savings that way.
you can’t fix an economy that banks have been fucking for decades that way though.
I took it as personal advice and not really as economy fixing solution
It’s throwing stones in a glass house
Let’s extrapolate their advice to something they can do, so as not to require bailouts from our tax money. If I have to tighten my budget and be fiscally responsible to survive, so should they.
You can take it as personal advice all you want, but they aren’t taking any advice because the consequences don’t lead them to homelessness. Instead, their consequences leave us holding the burden
If I have to tighten my budget and be fiscally responsible to survive, so should they.
Should, maybe. Doesn’t seem like they do.
Okay, then shouldn’t we demand they do? Or at least criticize them when they don’t? We are criticizing them because they didn’t and then they told us we should.
Look if we can’t even buy a coffee then what is honestly the fucking point? I don’t personally drink coffee but the point still stands that it’s not a wholly unreasonable thing to be asking for yet we’re constantly told that it’s a moral failing to spend our money. Fuck even when we stop buying stuff they whine that no one is consuming anymore. I just want to contribute to the local economy for fuck’s sake!
Face it, we’re all severely underpaid and it’s not our job to save every single dollar we possibly can just so they can pay us so little that there’s basically nothing leftover anyway. Being frugal to get something normally outside of our means should be a choice we get to make and a daily coffee should not be considered outside anyone’s means.
It says make coffee at home to save money. You can still buy coffee to-go if you want to but you’ll probably have to save that money from somewhere else. Yeah, being poor sucks, who knew.
It does suck, and it doesn’t need to be that way. Living with a knife lodged in your arm also sucks but a doctor wouldn’t say “yea of course it hurts, it’s a knife!”; they’d actually try and fuckin’ help.
The issue is that when you make something as simple as a daily coffee a moral issue then you can open up very small amounts to mockery. They’re not trying to help, they’re trying to make it so it’s not their fault that all you can afford is over-inflated rent and rising food prices. They want any savings to go to them, not to us.
—
Forty years old working an office job you were educated for? Get a roommate because we think wanting to afford your own place at that age is entitled!
Working a physical job? We’re all gunna make you sound stupid so that even though you provide a great value and we demand a high level of quality of work we also won’t have to pay you as much. Maybe you should be roommates with the last person!
Want a cheap coffee to start your day? Booooo, that $60-75 a month could go into my pocket instead!
I’m sorry you said you wanted a hobby?! Hahaha it better be extraordinarly cheap!
Oh you bought a cheap thing and it broke? You should have somehow bought a more expensive thing that would last longer and cost less in the long run!
Oh you bought something that would last longer and cost less in the long run? Wow look at luxury pants over here, you should be saving that money!
You paid full price for that? Why don’t you be more like me and magically have enough disposable income to take advantage of sales even when you know you won’t need the thing for months.
—
It’s all just bullshit to fuck you over and make people fight eachother. They give us raises worth less than even just the inflation of the previous year and then when we speak out they turn it into a moral issue. Somehow it’s always our fault even though they’re the ones overpaying themselves while underpaying everyone else.
It’s not a moral issue, it’s an issue of nothing having enough money. It’s all fine and good to think how we can solve people being poor but it won’t have very immediate effect for the person in question. A person with a knife in their arm doesn’t benefit much from people starting a discussion about how to prevent knife crime.
What “person in question”? There is no “person in question” here. We are not talking about the financial problems of anyone specific. We are talking about the problem in general.
When a person comes to the hospital with a knife popping out, you want the medical crew to focus on taking the knife out while preventing the patient from bleeding to death. When there is a public debate about how so many people are getting stabbed, the debate should be about preventing them from getting stabbed, not about the specifics of how to safely pull a knife out of a living person’s flesh.
The advice is directed towards people struggling with money. Any one of them would be the person in question.
You have a good analogy there but in this instance the people are already stabbed (struggling with money). At that point advice on how to stop the bleeding might have a more immediate and direct effect than someone telling them how knife crime is a solvable problem. One is more immediate and helps on a personal level and another might help on a societal level at some point in the future. Two different things, really.
Dude, making coffee at home is not insignificant. I drink my coffee black and even that is like $2/coffee (which someone told me has gone up at Tim Horton’s since I was last there). Multiply that by the 3-4 coffees I drink a day and you’re looking at $30-$40/week which becomes becomes $120-160/month.
I can buy a can of coffee that lasts me two months and make it at home for $10. That’s a $370 savings every two months. (CAD)
I too drink 3-4 cups a days, which I make at home (or, much more often, at the office. Which means I save more money because I don’t pay for the ingredients. At least not directly), but every now and then - say, once or twice a week - I buy a cup of coffee. Now, it’s mostly a matter of convenience (I don’t go out specifically to drink coffee, I buy it because I’m already out for other matters) but if I was financially struggling I could make that coffee at home (or at the office) and take it with me. But if wouldn’t be that significant. If we use your numbers, that’s about $2-$4/week - or about $156/year (I don’t calculate the price of the jar because I already need it for the 3-4 cups I make myself, and yes I will use them up more often but at this point it’s small change). Not much.
You drink 3-4 cups a day, and because you make them at home you imagine that these people who buy their coffee buy 3-4 cups a day. But is this really the pattern? I mean, I can say that I drink 3-4 cups a day and that I can say that I buy coffee, and both of these statements will be true. So maybe my pattern is the more common one? It would be enough to fill the cafes with people that only drink out once a week…
He said “but not insignificant”. That said, $185/mo($370/2) for something you get hot and fresh every single day should not be a big deal. The economy doesn’t function if little purchases can’t be made and it’s not like people are asking for a new pony every week. If you wanna be frugal to afford something else then that should be your choice and not just the bare minimum to be able to afford rent because your employer won’t pay you.
I do get it hot and fresh every day though.
I agree with you about the economy, but on a personal level - keep in mind I drink it black - I find the idea of buying coffee at a shop ridiculous.
Completely off topic but…
You’re drinking 3-4 coffees a day? Is that normal for the people around you as well?
I only ask because that’s an insane amount of caffeine for me. I think I’d be bouncing off the walls 😄Yeah until recently I was drinking that much, but I never noticed a change in my energy levels from coffee. I could also have coffee quite late in the evening and not have trouble sleeping.
I recently cut back to max 1 a day (sometimes going days without) and haven’t noticed any change.
Come on now, they said you can have some at home. Now go and retreat into the tiny box that you pay half your salary on and enjoy your life peasant.
I make coffee at home and drink it out of a thermos. Is good and saves money.
2019, back in #avocadotoast days. When apparently we wasted our money on extravagances like “not the cheapest fruit/vegetables”. Which wasn’t even the case. We literally didn’t even do that, we 100% had to eat the cheapest fruit/vegetable, if we were lucky enough that any fruit or vegetable met our budget. They were so out of touch that even their attempt to find a minor extravangance they thought we could afford to waste money on but shouldn’t, was inaccessible.
What’s bizarre about the avocado toast thing is avocados were 2-4/$1 or a whole whopping $.79 ea then.
Not that it makes it a better argument, but the meme was that millennials were going out to restaurants for an 11$ latte and 15$ avocado toast instead of staying home for breakfast. The whole point, to them, was that coffee and avocado toast had some of the cheapest ingredients you could ever ask for.
It was an Australian Senator that said that in a comment about housing affordability for young people, about them being able to afford a deposit if they weren’t so frivolous with money.
Ironically, totting that up, and assuming that they buy that every day ceaselessly, and that the cafe never closes, it’s only 10 grand, and Australian housing prices are high enough that in most places, that’s not even enough for a 5% deposit for a $500,000 home. You would only be half-way there.
You’d still not be able to afford the mortgage, even after buying said home.
11$ latte and 15$ avocado toast instead of staying home for breakfast
If you are struggling for money then doing that sort of shit regularly does sound dumb
It’s the best way too argue. You take a situation that is very rare, but argues against the problem other people claim exists.
Happens a lot for financial aid for poor people. Just find the person who takes advantage of a social plan and then claim a majority of people does that.
Unfortunately I know quite a few people who are financially struggling and still spend money like that on small things here and there. Adds up.
The thing is, people should be able to spend money on small things like that here and there. Like, society has advanced to the point where no one should be left wanting, there’s enough for everyone to live a happy, fulfilled life, and treat themselves on occasion. Unfortunately though, billionaires hoard wealth like dragons sitting on a pile of treasure, and they’re just as greedy when people try and take even a tiny piece of their hoard.
I severely doubt a lot of the dumbass boomers thought it through well enough to claim that.
That’s the whole thing, they don’t think for themselves, they watch whatever current angry yelling guy on tv is popular at the time so they know what they are supposed to be angry and yelling about, and who they are supposed to call sheep.
Im aware, my grandmother forms her politics based off shitty SoCal talk radio. Could be worse, but that aint saying much.
