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Wheeler not only paved the way for greater representation of Black men onscreen but was also able to “save for a rainy day and pursue work in the theatre, which was not as lucrative,” he said in 2017.

Millions of Medi-Cal beneficiaries can now save for a rainy day, keep an inheritance, or hold on to a modest nest egg without losing coverage, thanks to an eligibility change phased in over the past year and a half.

Mr Grey said a forecasted 4% inflation rate meant that "in effect, all the responsible people and companies who 'save for a rainy day' are being penalised so that governments can splash public money around to boost their popularity".

“Give too little, and they’re devastated. Give ‘too much,’ and a single mom might save for a rainy day,” Ms. Ocasio-Cortez said in a post on Twitter.

“Lenders like to see low DTI ratios because it means a borrower has excess income to cover unforeseen emergencies and to save for a rainy day,” says Mayhew.