Can You Write A Check For $500?

[Tom Horn]

Good for you if you can but 57% (down from 63%) of us can't, which is the legacy of the worst president this country has ever known. And if you doubt that, look at what President Trump has already done about it in less than 50 days. When our new President says he "inherited a mess", this simple test answers the question...do you have $500 today?

What we found is that according to a recent Bankrate survey of 1,000 adults, 57% of Americans don’t have enough cash to cover a mere $500 unexpected expense. Turns out the CEO was right. And while that may appear dire, it is a slight improvement from 2016, when 63% of U.S. residents said they wouldn’t be able to handle such an expense.

The survey's findings have shed light on how the so-called recovery of the past 8 years has skipped about half of the US population, which literally live paycheck to paycheck, and reflects a country in which many households continue to struggle with their basic finances more than seven years after the official end to the recession.

Putting the numbers in context: despite steady job growth during the Obama administration - which have been focused on minimum wage industries - wages have been predictably slow to recover, with the typical American household still earning 2.4% below what they brought home in 1999, when income peaked. Meanwhile, costs for essentials such as housing and child care have surged faster than the rate of inflation, placing stress on household budgets and making the accumulation of wealth, i.e., savings, impossible.

The bottom line: About four out of 10 Americans said they had enough in savings to cover a surprise $500 expense. Another 21% said they would rely on a credit card, while 20% said they’d cut back on other expenses. Another 11% said they’d turn to family or friends for the money.

"The Reality Is, Half Of Americans Can’t Afford To Write A $500 Check" | Zero Hedge

 

[Marion Morrison]

Good for you if you can but 57% (down from 63%) of us can't, which is the legacy of the worst president this country has ever known. And if you doubt that, look at what President Trump has already done about it in less than 50 days. When our new President says he "inherited a mess", this simple test answers the question...do you have $500 today?

What we found is that according to a recent Bankrate survey of 1,000 adults, 57% of Americans don’t have enough cash to cover a mere $500 unexpected expense. Turns out the CEO was right. And while that may appear dire, it is a slight improvement from 2016, when 63% of U.S. residents said they wouldn’t be able to handle such an expense.

The survey's findings have shed light on how the so-called recovery of the past 8 years has skipped about half of the US population, which literally live paycheck to paycheck, and reflects a country in which many households continue to struggle with their basic finances more than seven years after the official end to the recession.

Putting the numbers in context: despite steady job growth during the Obama administration - which have been focused on minimum wage industries - wages have been predictably slow to recover, with the typical American household still earning 2.4% below what they brought home in 1999, when income peaked. Meanwhile, costs for essentials such as housing and child care have surged faster than the rate of inflation, placing stress on household budgets and making the accumulation of wealth, i.e., savings, impossible.

The bottom line: About four out of 10 Americans said they had enough in savings to cover a surprise $500 expense. Another 21% said they would rely on a credit card, while 20% said they’d cut back on other expenses. Another 11% said they’d turn to family or friends for the money.

"The Reality Is, Half Of Americans Can’t Afford To Write A $500 Check" | Zero Hedge

Should have added a poll. Interesting OP.

 

[freedombecki2]

We had to pay for Obama phones....

 

[esthermoon]

Good for you if you can but 57% (down from 63%) of us can't, which is the legacy of the worst president this country has ever known. And if you doubt that, look at what President Trump has already done about it in less than 50 days. When our new President says he "inherited a mess", this simple test answers the question...do you have $500 today?

What we found is that according to a recent Bankrate survey of 1,000 adults, 57% of Americans don’t have enough cash to cover a mere $500 unexpected expense. Turns out the CEO was right. And while that may appear dire, it is a slight improvement from 2016, when 63% of U.S. residents said they wouldn’t be able to handle such an expense.

The survey's findings have shed light on how the so-called recovery of the past 8 years has skipped about half of the US population, which literally live paycheck to paycheck, and reflects a country in which many households continue to struggle with their basic finances more than seven years after the official end to the recession.

Putting the numbers in context: despite steady job growth during the Obama administration - which have been focused on minimum wage industries - wages have been predictably slow to recover, with the typical American household still earning 2.4% below what they brought home in 1999, when income peaked. Meanwhile, costs for essentials such as housing and child care have surged faster than the rate of inflation, placing stress on household budgets and making the accumulation of wealth, i.e., savings, impossible.

The bottom line: About four out of 10 Americans said they had enough in savings to cover a surprise $500 expense. Another 21% said they would rely on a credit card, while 20% said they’d cut back on other expenses. Another 11% said they’d turn to family or friends for the money.

"The Reality Is, Half Of Americans Can’t Afford To Write A $500 Check" | Zero Hedge

Unfortunately social injustice is everywhere....
That's why people need some help from the government

 

[Vastator]

Good for you if you can but 57% (down from 63%) of us can't, which is the legacy of the worst president this country has ever known. And if you doubt that, look at what President Trump has already done about it in less than 50 days. When our new President says he "inherited a mess", this simple test answers the question...do you have $500 today?

What we found is that according to a recent Bankrate survey of 1,000 adults, 57% of Americans don’t have enough cash to cover a mere $500 unexpected expense. Turns out the CEO was right. And while that may appear dire, it is a slight improvement from 2016, when 63% of U.S. residents said they wouldn’t be able to handle such an expense.

The survey's findings have shed light on how the so-called recovery of the past 8 years has skipped about half of the US population, which literally live paycheck to paycheck, and reflects a country in which many households continue to struggle with their basic finances more than seven years after the official end to the recession.

Putting the numbers in context: despite steady job growth during the Obama administration - which have been focused on minimum wage industries - wages have been predictably slow to recover, with the typical American household still earning 2.4% below what they brought home in 1999, when income peaked. Meanwhile, costs for essentials such as housing and child care have surged faster than the rate of inflation, placing stress on household budgets and making the accumulation of wealth, i.e., savings, impossible.

The bottom line: About four out of 10 Americans said they had enough in savings to cover a surprise $500 expense. Another 21% said they would rely on a credit card, while 20% said they’d cut back on other expenses. Another 11% said they’d turn to family or friends for the money.

"The Reality Is, Half Of Americans Can’t Afford To Write A $500 Check" | Zero Hedge

Yes. No problem. Though there was a time that doing such a thing was virtually impossible.

 

[Mac1958]

This story should send a chill up the spine of pretty much every American.

Somehow, I suspect it doesn't.
.

 

[Tom Horn]

We had to pay for Obama phones....

Not a bad investment though.....without a phone there is virtually no way to find a job.

 

[mamooth]

Conservatives, why don't you tell us again how American workers are all so overpaid.

You know you will, sometime soon. When you forget about this thread, which will be in a few minutes.

Don't worry. We liberals will still keep pounding on the topic of low wages, like we've always done.

 

[Tom Horn]

Unfortunately social injustice is everywhere....
That's why people need some help from the government

Hello Esther! Here in the US we need much LESS "help" from our government...we need it to get the hell out of the way and stop meddling in our business. Government creates nothing but government jobs which create mostly paperwork without any value.

 

[RodISHI]

We had to pay for Obama phones....

Not a bad investment though.....without a phone there is virtually no way to find a job.

The phone deal is merely a way to spend the taxes that have already been collected to help the poor. Also it is very limited and mostly will only provide a phone for those in metro areas (Sprint is the main carrier provided an actual full phone service)

 

[Marion Morrison]

This story should send a chill up the spine of pretty much every American.

Somehow, I suspect it doesn't.
.

That's pretty scary. We need more jobs and less government interference and "assistance".

 

[Tom Horn]

Conservatives, why don't you tell us again how American workers are all so overpaid.

You know you will, sometime soon. When you forget about this thread, which will be in a few minutes.

Don't worry. We liberals will still keep pounding on the topic of low wages, like we've always done.

You start with a false premise and it goes downhill from there.

 

[Theowl32]

Good for you if you can but 57% (down from 63%) of us can't, which is the legacy of the worst president this country has ever known. And if you doubt that, look at what President Trump has already done about it in less than 50 days. When our new President says he "inherited a mess", this simple test answers the question...do you have $500 today?

What we found is that according to a recent Bankrate survey of 1,000 adults, 57% of Americans don’t have enough cash to cover a mere $500 unexpected expense. Turns out the CEO was right. And while that may appear dire, it is a slight improvement from 2016, when 63% of U.S. residents said they wouldn’t be able to handle such an expense.

The survey's findings have shed light on how the so-called recovery of the past 8 years has skipped about half of the US population, which literally live paycheck to paycheck, and reflects a country in which many households continue to struggle with their basic finances more than seven years after the official end to the recession.

Putting the numbers in context: despite steady job growth during the Obama administration - which have been focused on minimum wage industries - wages have been predictably slow to recover, with the typical American household still earning 2.4% below what they brought home in 1999, when income peaked. Meanwhile, costs for essentials such as housing and child care have surged faster than the rate of inflation, placing stress on household budgets and making the accumulation of wealth, i.e., savings, impossible.

The bottom line: About four out of 10 Americans said they had enough in savings to cover a surprise $500 expense. Another 21% said they would rely on a credit card, while 20% said they’d cut back on other expenses. Another 11% said they’d turn to family or friends for the money.

"The Reality Is, Half Of Americans Can’t Afford To Write A $500 Check" | Zero Hedge

I don't blame obama. His asslicking sycophantic media is to blame. There is no way a socialist could get away with it unless helped by the media, which includes the entertainment industry.

The fact is they are not making mistakes. Trust that the democrats want dilapidated run down cities with larger and larger groups on the dole...or the teet of you will.

Trust that they want riots in the streets and chaos being reported so they can perpetually prop up the scapegoat.

This is all by design. Did anyone think by electing the first black president that they would yell out that "we arrived!?"

Oh hell no. They need that block of blacks to stay enslaved in their minds. So, the victimologists create groups that cause riots and cry RACISM RACISM RACISM RACISM every day. Hence, the invention of BLACK LIVES MATTER movement.

You have to stand in awe at how efficient and effective they are at doing this.

Trust me. All of that is deliberate by the leftist democrats and establishment republicans.

 

[Moonglow]

I have 500 dollars, but no checks, so fuck you...

 

[esthermoon]

Unfortunately social injustice is everywhere....
That's why people need some help from the government

Hello Esther! Here in the US we need much LESS "help" from our government...we need it to get the hell out of the way and stop meddling in our business. Government creates nothing but government jobs which creates mostly paperwork without any value.

Hi Tom!
I know governments don't know how to help people with jobs. Unfortunately here is the same thing
But maybe the government can endorse some good regulations to help people find jobs and when they're jobless give them some money

 

[Moonglow]

Unfortunately social injustice is everywhere....
That's why people need some help from the government

Hello Esther! Here in the US we need much LESS "help" from our government...we need it to get the hell out of the way and stop meddling in our business. Government creates nothing but government jobs which creates mostly paperwork without any value.

Hi Tom!
I know governments don't know how to help people with jobs. Unfortunately here is the same thing
But maybe the government can endorse some good regulations to help people find jobs and when they're jobless give them some money

That's wrong in Tom's book...

 

[Rustic]

Good for you if you can but 57% (down from 63%) of us can't, which is the legacy of the worst president this country has ever known. And if you doubt that, look at what President Trump has already done about it in less than 50 days. When our new President says he "inherited a mess", this simple test answers the question...do you have $500 today?

What we found is that according to a recent Bankrate survey of 1,000 adults, 57% of Americans don’t have enough cash to cover a mere $500 unexpected expense. Turns out the CEO was right. And while that may appear dire, it is a slight improvement from 2016, when 63% of U.S. residents said they wouldn’t be able to handle such an expense.

The survey's findings have shed light on how the so-called recovery of the past 8 years has skipped about half of the US population, which literally live paycheck to paycheck, and reflects a country in which many households continue to struggle with their basic finances more than seven years after the official end to the recession.

Putting the numbers in context: despite steady job growth during the Obama administration - which have been focused on minimum wage industries - wages have been predictably slow to recover, with the typical American household still earning 2.4% below what they brought home in 1999, when income peaked. Meanwhile, costs for essentials such as housing and child care have surged faster than the rate of inflation, placing stress on household budgets and making the accumulation of wealth, i.e., savings, impossible.

The bottom line: About four out of 10 Americans said they had enough in savings to cover a surprise $500 expense. Another 21% said they would rely on a credit card, while 20% said they’d cut back on other expenses. Another 11% said they’d turn to family or friends for the money.

"The Reality Is, Half Of Americans Can’t Afford To Write A $500 Check" | Zero Hedge

 

[Vastator]

Unfortunately social injustice is everywhere....
That's why people need some help from the government

Hello Esther! Here in the US we need much LESS "help" from our government...we need it to get the hell out of the way and stop meddling in our business. Government creates nothing but government jobs which creates mostly paperwork without any value.

Hi Tom!
I know governments don't know how to help people with jobs. Unfortunately here is the same thing
But maybe the government can endorse some good regulations to help people find jobs and when they're jobless give them some money

That's wrong in Tom's book...

That's wrong period. The Gov has had its shot at just exactly that. And failed... Failed miserably. Now the only way they could actually be helpful, would be to get the fuck out of the way.

 

[Rustic]

This story should send a chill up the spine of pretty much every American.

Somehow, I suspect it doesn't.
.

They are just doing what they're taught by the federal government, spending more than they have and not living within their means… it's called a socialist banana republic.

 

[Rustic]

Conservatives, why don't you tell us again how American workers are all so overpaid.

You know you will, sometime soon. When you forget about this thread, which will be in a few minutes.

Don't worry. We liberals will still keep pounding on the topic of low wages, like we've always done.

Get a job spend less than what you have... easiest thing in the world to do