6 in 10 Americans don't have $500 in savings [0]. You really don't see the problem with that????
People can't handle important expenses without savings. So they turn to bad solutions like credit card debt which is really expensive long term or defaulting on loans which makes future credit harder, stuff like that harms long-term financial health.
(also because the way things are going we will have people retiring who can't afford it and no fucking way am I paying for it)
Right, so the problem is people don't have money because obviously people would save if they could. Giving them money would allow them to do that. This is exactly what the proposal is intended to resolve, so it doesn't make any sense that you'd argue against it unless you have some other idea of how to get people money so that they can save it.
People can't handle important expenses without savings. So they turn to bad solutions like credit card debt which is really expensive long term or defaulting on loans which makes future credit harder, stuff like that harms long-term financial health.
(also because the way things are going we will have people retiring who can't afford it and no fucking way am I paying for it)
[0] https://www.cbs19news.com/story/34248451/6-in-10-americans-d...