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.
No, Mary Poppins does!
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 promise to make better tweets to remedy the situation.
#doingtheirpart
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
Brilliantly put. Thank you for this.
Echoing what soup said. It really says everything with clarity.
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.
Nearly all banks are expensive or downright predatory to poor people. Some more than most. I once was overdrawn $0.12 because of a miscalculation. I was hit with a $35 overdraft fee. So now, I’m $35.12 in the hole when my (already not cutting it) paycheck arrives.
PSA: You can turn off “overdraft protection” on your debit/credit card and they will just reject it. If I knew that sooner, I would have saved so much 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.
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.
As an Uber driver I can confirm some people seem lazy.
But I just assume they’ve got a disability I can’t see. Sometimes every step is like being on fire.
My old man was like this. It always felt awkward though because he made more money than a lot of my classmate’s parents combined but it didn’t show because he spent it so quickly. We rationalize it a lot by thinking about how he grew up in extreme poverty. That said, he stroked out when I was a teenager and there was nothing to fall back on afterwards.
Most people are like that. And the reason is the lack of financial education. The education system must change.
Chase’s bank account: Use that building you already have on Park Ave
hah, we can burn chase bank.
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.
corporate twitter accounts suck ass
Poor people do have less money to waste
BOOM! ROASTED!
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?
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.
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”
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!
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 . . .
If one can’t cut their spending then they need to increase their income.
…with this one simple trick!
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.
How has banking changed roles in the economy?
I’m talking more about the UK that i know more about than other countries, i think the USA has some similarities - but all countries do have important differences.
There used to be a lot more regulation - both intra and inter nationally - that limited how much they could do in terms of international and mortgage investment. Since deregulation banks have typically shifted into investing more into the housing market and to some degree overseas (hard to observe the net position though, especially with multinational corps. and banks). Essentially I’d argue this “crowded out” domestic capital intensive industrial sectors. And generally reduced the savings multiplier in favour of more bubbly type investments - or household sector.
The conequence was that the “job” of the banking sector used to be to fund domestic (business) investment and growth - and to try not to debauch the currency too badly - at least in the post war period. They had to manage the balance between bubbles , stable investments and their non-performing loan rate, and maintain reserve requirements and central bank deposits as a buffer against bank runs .
But since 70s/deregulation they just invest more wherever they like - with less constraints in place to protect the whole system. They seem to be able to get bail outs without major consequences for management when they fuck up. (This was probaably the case in the 50s and 60s, but the other rules prevented them from fucking up too disastrously. Even back before the 30s when there was much less specific regulation there was still the “gold standard” to keep them in check to some degree.
In case you weren’t aware of JPMorgan Chase’s history and their involvement in making World History.
JPMorgan out of all banks posting that, Jesus
They’re kids compared to what HSBC did and still doing.
When I get bored with how long it takes to scroll through all of their fucking fraud at the speed of however fast my screen goes, that shit needs dismantled.
Wait, did Chase actually say that? I thought it was a parody. Holy shit.
I’m reading (well, listening) to a book called “Trust me, I’m Lying” about the modern news cycle, and how lies and intentional outrage at lower levels (blogs and social media) get funneled up to traditional-media, and how that is driven by people like the author.
I wouldn’t be surprised if causing outrage and later deleting the tweet and following up with a half-hearted non-apology was the intent all along.
Really great book, IMO. Same guy (Ryan Holiday) had a book about the conspiracy behind the Hulk Hogan sex tape (“Conspiracy”) that was also real good.
So yes or no?
You can click on a snopes link.
Tap for spoiler
But yes.
Yes friend. They totally went down that road.
Yes
I……dont believe it. Theres no way, right?
Check my comment below.
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.
When I entered my 40s, I decided to switch from Gala to Honey Crisp apples.
Not because I have more money, but because I realized if I don’t get the apples I want, a part of me goes out and eats two medium dominos pizzas in a single setting as an act of rebellion.
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.
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.
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.
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.
