Yahoo Answers is shutting down on May 4th, 2021 (Eastern Time) and beginning April 20th, 2021 (Eastern Time) the Yahoo Answers website will be in read-only mode. There will be no changes to other Yahoo properties or services, or your Yahoo account. You can find more information about the Yahoo Answers shutdown and how to download your data on this help page.

Gary
Lv 5
Gary asked in Yahoo ProductsYahoo Answers · 1 decade ago

Why do so many people have money problems?

I have been answering questions on Yahoo answers for a few months now and it seems a lot of people are having money problems. What do you think are some of the causes? Serious answers please.

5 Answers

Relevance
  • 1 decade ago
    Favorite Answer

    Because the cost of living these days is just so expensive.

    The government put all these taxes up,house prices go up,everything goes up except the wages,so nothing ever evens out.

  • ?
    Lv 7
    1 decade ago

    People can't afford to pay cash and don't want to save up so they get credit cards and overspend. They buy way too much house or car for their pocketbook. Raising kids is expensive. The cost of living is higher than the paycheck, e.g., the price of gas and groceries, clothing, and services, like dry cleaning, hair services, etc.. This is a nation of consumerism; get it now and pay for it, somehow, later. We don't tend to save our money, we spend it as fast as we get it or faster. It's just the way we are.

  • Anonymous
    1 decade ago

    Some people are on low incomes, and others spend beyond their means.

  • 1 decade ago

    Needs exceed ability to obtain.

    Look, I would LOVE a new car. I can't afford it. I let it go (Others would not make that stance)

  • How do you think about the answers? You can sign in to vote the answer.
  • 1 decade ago

    Bush. we have been in such a bad state economy is bad right now. to worried about war then whats going on in his own country. needs to bring our loved ones home and work on fixing his own country.

Still have questions? Get your answers by asking now.