59% of Americans are living paycheck to paycheck

[longknife]

And payday loan scams are thriving.

Overall, 59 percent of Americans live paycheck to paycheck, according to the survey of 1,000 U.S. adults by Charles Schwab.

However, the Millennial generation (people ages 23-38) was the most likely to struggle in between payday, at 62 percent, followed by Generation X (60 percent), Generation Z (55 percent) and Baby Boomers (53 percent).

The article makes it sound as if government is to blame.


The truth is simple. A huge number are paying off student loans or having massive debts in other areas. Instead of buying perfectly good items in places like the Salvation Army or Deseret Industries, they go to high-end stores to buy new.


How much of your paycheck is already taken up before you even receive it?


More of this @ On The Edge Of Disaster: 59 Percent Of Americans Are Living Paycheck To Paycheck

 

[Moonglow]

I don't get a paycheck but I do get the bill...

 

[Ringel05]

And payday loan scams are thriving.

Overall, 59 percent of Americans live paycheck to paycheck, according to the survey of 1,000 U.S. adults by Charles Schwab.

However, the Millennial generation (people ages 23-38) was the most likely to struggle in between payday, at 62 percent, followed by Generation X (60 percent), Generation Z (55 percent) and Baby Boomers (53 percent).

The article makes it sound as if government is to blame.


The truth is simple. A huge number are paying off student loans or having massive debts in other areas. Instead of buying perfectly good items in places like the Salvation Army or Deseret Industries, they go to high-end stores to buy new.


How much of your paycheck is already taken up before you even receive it?


More of this @ On The Edge Of Disaster: 59 Percent Of Americans Are Living Paycheck To Paycheck

Only 59%? Wow.......

 

[Moonglow]

Highest ever national and personal debt in the US-MAGA

 

[depotoo]

Depends upon the article
40% of Americans only one missed paycheck away from poverty

Americans' Confidence in Their Finances Keeps Growing

 

[Third Party]

When I was young no one had money. In my twenties I was paycheck to paycheck. Now I am retired and have some money-mostly by not spending anything I did not have to. Personal responsibility.

 

[the other mike]

I don't get a paycheck but I do get the bill...

It's a wonderful life through inheritance right ?
Just look at Texas. Real estate is divided into two parts--land owned by whites 95%.
Land owned by everyone else 5%. 90 % of blacks in Texas either live in the 'hood' or in prison.

 

[Staidhup]

America departed from the last remnants of the Gold Standard in 70 due to inflationary pressures resulting from uncontrollable government spending and escalating national debt. Productivity increased, wages remained anemic at best, the purchasing power of the dollar decreased faster than wages increased ( adjusting for inflation) resulting in an economy fueled by personal, corporate, and national debt. The moral of the story do not spend more then you have. Now we have a declining middle class, massive personal, institutional, national debt, and a currency worth nothing more than faith. Until our monetary policy reverts back (reset) to the gold standard, and wages based on productivity the future looks dark. Who is to blame? Look at yourself in the mirror and ask yourself how you voted for a politician promising this and that for free and didn’t recognize the hidden cost, your standard of living!

 

[martybegan]

And payday loan scams are thriving.

Overall, 59 percent of Americans live paycheck to paycheck, according to the survey of 1,000 U.S. adults by Charles Schwab.

However, the Millennial generation (people ages 23-38) was the most likely to struggle in between payday, at 62 percent, followed by Generation X (60 percent), Generation Z (55 percent) and Baby Boomers (53 percent).

The article makes it sound as if government is to blame.


The truth is simple. A huge number are paying off student loans or having massive debts in other areas. Instead of buying perfectly good items in places like the Salvation Army or Deseret Industries, they go to high-end stores to buy new.


How much of your paycheck is already taken up before you even receive it?


More of this @ On The Edge Of Disaster: 59 Percent Of Americans Are Living Paycheck To Paycheck

I always hated the whole living "paycheck to paycheck" thing because it doesn't truly mark how close to absolute assetless-ness a person is.

For working people, there is a safety net from the government, and many people have family they can rely on in an emergency.

 

[Moonglow]

I don't get a paycheck but I do get the bill...

It's a wonderful life through inheritance right ?
Just look at Texas. Real estate is divided into two parts--land owned by whites 95%.
Land owned by everyone else 5%. 90 % of blacks in Texas either live in the 'hood' or in prison.

They should get a trade and buy some land, although I do not recommend Texass..

 

[Moonglow]

America departed from the last remnants of the Gold Standard in 70 due to inflationary pressures resulting from uncontrollable government spending and escalating national debt. Productivity increased, wages remained anemic at best, the purchasing power of the dollar decreased faster than wages increased ( adjusting for inflation) resulting in an economy fueled by personal, corporate, and national debt. The moral of the story do not spend more then you have. Now we have a declining middle class, massive personal, institutional, national debt, and a currency worth nothing more than faith. Until our monetary policy reverts back (reset) to the gold standard, and wages based on productivity the future looks dark. Who is to blame? Look at yourself in the mirror and ask yourself how you voted for a politician promising this and that for free and didn’t recognize the hidden cost, your standard of living!

Yet it has not hampered the rich getting richer..

 

[Staidhup]

Yes it has however the impact has not been as pronounced. The middle class, based on earnings, decline in strength of dollar, has had a more profound impact. The disparity and contraction of the middle class, has more to do with savings, and amount of personal debt, yet the driving force centers on the purchase power of the dollar.

 

[Staidhup]

look at the cost of a college degree, when I went to college my GI Bill paid $1,800 a year, todays college education is over $30K a year.
a New car in the early 70's $3,500, today over $30K, a house in the early 70's $50K for a turn key nice home, today the same house over $250K, requiring work, depending on location. The purchasing power of the dollar used to get you something in return, now it buys a piece of candy. Middle class families assume massive amounts of debt to acquire the same items. My Social Security check covers very little of our true cost of living, why? We are slowly being taxed out of our home by uncontrolled property tax increases, why? Maybe it's time to do some research. I don't blame the wealthy just the f-ing politicians that squandered our future so they would be reelected. In short it's the travail of liberalism 101.

 

[Mr Natural]

The problem is that jobs just don’t pay as much as they used to.

 

[Moonglow]

I was making ten bucks an hour until 1984 when the Reagan effect took control.

 

[Mr Natural]

I was making ten bucks an hour until 1984 when the Reagan effect took control.

In 1984 I was making around 35k a year and Mrs Clean was at about 30k. We were claiming a total of 10 exemptions and breaking even at tax time.

After St Reagan’s 1986 tax reform act passed, we lost all our exemptions and started writing the IRS a check every year.

 

[BlackFlag]

And payday loan scams are thriving.

Overall, 59 percent of Americans live paycheck to paycheck, according to the survey of 1,000 U.S. adults by Charles Schwab.

However, the Millennial generation (people ages 23-38) was the most likely to struggle in between payday, at 62 percent, followed by Generation X (60 percent), Generation Z (55 percent) and Baby Boomers (53 percent).

The article makes it sound as if government is to blame.


The truth is simple. A huge number are paying off student loans or having massive debts in other areas. Instead of buying perfectly good items in places like the Salvation Army or Deseret Industries, they go to high-end stores to buy new.


How much of your paycheck is already taken up before you even receive it?


More of this @ On The Edge Of Disaster: 59 Percent Of Americans Are Living Paycheck To Paycheck

When your soluion to unemployment is to bring back absolutely shit, low-wage jobs, instead of heping people learn modern skills, you shouldn’t be surprised to be learning about this.

 

[aaronleland]

I buy booze and weed on payday, and hope I don't have an awkward run-in with my landlord at the liquor store.

 

[Mikeoxenormous]

And payday loan scams are thriving.

Overall, 59 percent of Americans live paycheck to paycheck, according to the survey of 1,000 U.S. adults by Charles Schwab.

However, the Millennial generation (people ages 23-38) was the most likely to struggle in between payday, at 62 percent, followed by Generation X (60 percent), Generation Z (55 percent) and Baby Boomers (53 percent).

The article makes it sound as if government is to blame.


The truth is simple. A huge number are paying off student loans or having massive debts in other areas. Instead of buying perfectly good items in places like the Salvation Army or Deseret Industries, they go to high-end stores to buy new.


How much of your paycheck is already taken up before you even receive it?


More of this @ On The Edge Of Disaster: 59 Percent Of Americans Are Living Paycheck To Paycheck

There was a black billionaire who gave 40 million dollars to a college so he paid off about 40 college kids, college debt. Why is it dumbass people cant seem to save some money and invest it in the stock market long term. At one time I was just out of the Air Force working at Home Depot in 1987 as a stock clerk making 7 dollars an hour but I invested all I could into the stock, and today am a multimillionaire. With my dividends I am getting 1/2 million a year now, and dont have to worry about paycheck to paycheck. Long term means when the stock goes down, I buy more, when the stock goes up I buy less, but over all I increase my shares so in 30 years you too can have a fortune. Of course if some bitch like Phocahontas Warren gets in, then all bets are off, because she wants to steal other peoples money.

 

[MarathonMike]

Highest ever national and personal debt in the US-MAGA

Student loan debt and runaway credit card debt have been growing problems for decades. There is no magic wand, the personal debt problem is not going away anytime soon no matter who is President.