Can You Write A Check For $500?

[freedombecki2]

The poor must now number 57% of the population if a $500 life-or-death emergency is not within immediate reach. I do not recollect President Obama as having entered his office with a 57% population so poor they could not take care of themselves independently of the government interventions he foisted upon us. But obviously, President Obama left office having such a dismal situation in the land.

Edit in answer to #10: Can You Write A Check For $500?

 

[Tom Horn]

I don't blame obama.

I do. Everything you said is true but I believe he did have intentions to do good by poor people but hurt them even more by being a closet-communist. Those around him, Pelosi, Reid, Schumer, etc did very well with insider-trading and crony-capitalism during his years. He spent $10T...somebody got it....not the people that needed it.

 

[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...

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.

I've never needed any help from the govt. to get a job..Hell, I don't even need the help wanted ads in the paper..

 

[Moonglow]

The poor must now number 57% of the population if a $500 life-or-death emergency is not within immediate reach. I do not recollect President Obama as having entered his office with a 57% population so poor they could not take care of themselves independently of the government interventions he foisted upon us. But obviously, President Obama left office having such a dismal situation in the land.

Edit in answer to #10: Can You Write A Check For $500?

I had 500 bucks then also...What is your problem and others is is you don't know how to manage your money...

 

[Tom Horn]

The poor must now number 57% of the population if a $500 life-or-death emergency is not within immediate reach. I do not recollect President Obama as having entered his office with a 57% population so poor they could not take care of themselves independently of the government interventions he foisted upon us. But obviously, President Obama left office having such a dismal situation in the land.

Edit in answer to: Can You Write A Check For $500?

Notice the number dropped from 63% in 2016.....I wonder who made that happen? And that was before he even took office. Sometimes when you're in the dark, all that's needed is somebody to strike a match.

 

[Rustic]

Robin Hood will get the $500

 

[TNHarley]

Check? Isnt that what our ancestors did?

 

[Vastator]

The poor must now number 57% of the population if a $500 life-or-death emergency is not within immediate reach. I do not recollect President Obama as having entered his office with a 57% population so poor they could not take care of themselves independently of the government interventions he foisted upon us. But obviously, President Obama left office having such a dismal situation in the land.

Edit in answer to #10: Can You Write A Check For $500?

I had 500 bucks then also...What is your problem and others is is you don't know how to manage your money...

Well said. No matter the state of the economy; mismanagement of finances is the number 1 cause.

 

[NYcarbineer]

I guessing most Americans with union jobs, aka the American workers conservatives despise the most,

could come up $500 in a pinch.

 

[Avatar4321]

I suspect there are many who could write one but then they have to pay rent

 

[Vastator]

I guessing most Americans with union jobs, aka the American workers conservatives despise the most,

could come up $500 in a pinch.

If you don't keep a months salary at hand chances are good that you mismanage your money.

 

[Montrovant]

This seems like more a matter of bad money management than the state of the economy. I think the problem is more that people spend more of their income than they should on non-necessities, as well as saving less than they should. Whether Obama or Trump is president has little to do with how badly many manage their finances.

 

[esthermoon]

The poor must now number 57% of the population if a $500 life-or-death emergency is not within immediate reach. I do not recollect President Obama as having entered his office with a 57% population so poor they could not take care of themselves independently of the government interventions he foisted upon us. But obviously, President Obama left office having such a dismal situation in the land.

Edit in answer to #10: Can You Write A Check For $500?

I had 500 bucks then also...What is your problem and others is is you don't know how to manage your money...

Sometimes this is the reason. But you can even find people who are so poor they can't have a single coin to manage

 

[Moonglow]

The poor must now number 57% of the population if a $500 life-or-death emergency is not within immediate reach. I do not recollect President Obama as having entered his office with a 57% population so poor they could not take care of themselves independently of the government interventions he foisted upon us. But obviously, President Obama left office having such a dismal situation in the land.

Edit in answer to #10: Can You Write A Check For $500?

I had 500 bucks then also...What is your problem and others is is you don't know how to manage your money...

Sometimes this is a possible reason. But you can even find people who are so poor they can't have a single coin to manage

Then I'd get buzy finding some..

 

[dannyboys]

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.

Please do. When there no 'wages' b/c robots are doing 90% of 'low-skilled' jobs in ten years come back and whine some more.
What are these semi-literate people going to do?
Go visit rural China and see for yourself how people with ZERO chance of EVER rising above the poverty line live.

 

[RodISHI]

This seems like more a matter of bad money management than the state of the economy. I think the problem is more that people spend more of their income than they should on non-necessities, as well as saving less than they should. Whether Obama or Trump is president has little to do with how badly many manage their finances.

Bad money management and corruption created the current state of the economy. In that bad economy with continued corruption many people have not been able to find work to have a decent chance at improving even the basics. You can't manage what you do not have.

 

[Tom Horn]

This seems like more a matter of bad money management than the state of the economy. I think the problem is more that people spend more of their income than they should on non-necessities, as well as saving less than they should. Whether Obama or Trump is president has little to do with how badly many manage their finances.

By the same token you should try to enjoy each day of your life, so saving for the proverbial "rainy day" means very little joy for most of your days. Sometimes going to a movie or simply eating an ice cream cone has to be considered an "investment". it's crazy....we don't have to live like this.

 

[Moonglow]

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.

Please do. When there no 'wages' b/c robots are doing 90% of 'low-skilled' jobs in ten years come back and whine some more.
What are these semi-literate people going to do?
Go visit rural China and see for yourself how people with ZERO chance of EVER rising above the poverty line live.

Well, it's a living, even if it is about 1200 bucks a year..

 

[freedombecki2]

to: #24 Can You Write A Check For $500?
This is not personal. It involves my fellow Americans, and as Mr. Horn pointed out, the figure is 63%, not the 57%, for which I stand corrected.

 

[edward37]

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

obama was 20 steps up from the last moron repub in office