Hacker News new | ask | show | jobs
by caymanjim 3010 days ago
Almost no one has enough savings to last two years. It's an absurd metric and enforces how out of touch the author is. It reads as nothing more than a brag.

Anyone good enough to get hired by Facebook in the first place is going to have no problem finding a job in two weeks, nevermind two years. Quit, shop around and burn some savings until you find something good enough. If it's not your dream job, stick with good enough while you shop around some more.

No one worth working for actually cares about some amount of job-hopping. More employers care about long gaps than about minor job hopping. Neither is a showstopper if you find a good destination.

2 comments

> Almost no one has enough savings to last two years. It's an absurd metric and enforces how out of touch the author is.

You should check out r/financialindependence sometime. A whole community of people (358k subscribers at present) who would consider that amount table stakes. I'll admit not all 358k of those subscribers would actually have that much money but it's still hardly "almost no one".

It really is almost no one.

57% of Americans with less than $1000 dollars in their savings account. Only 25% with more than $10,000. What fraction of those with more than $10,000 do you think have enough to live for two years on it?

https://www.cnbc.com/2017/09/13/how-much-americans-at-have-i...

> Almost no one has enough savings to last two years.

This doesn't seem correct to me, but people don't like to talk about their personal financial situation (any of income, expenses, and savings) sooo... I guess hard to say.

I'd definitely be able to live for 2 years on my savings, but I'm pretty frugal and am privileged to not have student loans. I recognize this is not everybody's situation, but I don't think it's helpful to constructive to frame it as "bragging" or "humble" or any such words. People have different situations and I think it should be OK to talk about that.

That said, it's probably overly conservative to say 2 years as a minimum. I'd use the standard 6 months figure for that. 2 years is a good idea if you can swing it, obviously...

According to this source, only 25% of people have greater than $10,000 in a savings account.

Most people are going to need much more than $10,000 to live for two years so I think it's pretty safe to say that almost no one has enough savings to last two years.

57% percent of Americans, according to my source, have less than $1000 in savings which isn't enough to last a month for many of them.

https://www.cnbc.com/2017/09/13/how-much-americans-at-have-i...