Source: "The Difference Between Broke and Poor"
The Financial Diet is my new Youtube binge obsession. The Financial Diet is both a Youtube channel and a blog, both of which I'm loving right now. Although the Youtube channel features a couple of twenty something millennials young enough to be my daughters, they are quick witted, smart and easy to relate to. I'm able to filter through the "1st world problem" fluff pieces feature college tuition and designer makeup woes to find actual gems of wisdom. Their video on :The Difference Between Broke and Poor" is one of these gems.
The video calls out a striking difference between the "broke" of the middle class America and true poverty. It also brings to light several key points revolving around the different levels of poverty.
As a child I bounced back and forth between my retired fixed income grandparents and my single cocktail waitress Mother. I did experience some level of poverty at that time. Although I was positive I would have food everyday, the food was limited to the vegetarian home cooked meals from Grandpa's garden, eating out, junk food and the extras of the Middle class like hot lunch at school didn't exist for us as kids. If I was with my mom, there might be one meal for the day which would consist of dented expired tuna brought home from her job mixed with 10 cent packets of ramen noodles.
I understood too clearly the points brought up in the video about hiding poverty. While my friends held slumber parties with overflowing treats and rented 80's movies (it was the 80's after all), I hid behind the tall tale of a strict home life and didn't invite friends over...ever. How could I tell them we couldn't afford to get them pizza and soda and we didn't even have a color TV, let alone Cable and a VCR.
Fast forward to adulthood. Now I have a good job and lots of treats and clothes and plenty of food. Maybe a little too much food according to my scale. Yet living in high rent Silicon Valley, there can be weeks where I've stretched my paycheck a little too thin and I'm feeling a bit, "broke".
But being "broke" is a far cry from the level of poverty we lived in as kids. And it's certainly very far from the real depths of poverty many kids and families in America face very day.
Dive more into the subject in the aforementioned video that I've linked below.
Disclaimer: Rhiana Reports is in now way affiliated with The Financial Diet and this is not a sponsored post.