62% of Americans are still living paycheck to paycheck, making it ‘the main financial lifestyle,’ report finds
62% of Americans are still living paycheck to paycheck, making it ‘the main financial lifestyle,’ report finds
The number of workers who say they are stretched thin has remained stubbornly high as inflation weighs on American households.
Breaking news: in one of the most productive countries / economies in the entire history of humanity, the majority of people creating that productivity do not get to enjoy the rewards of that productivity.
same as it ever was.
If only we were back in the good Ole days of 2019 with the economy roaring and 78% of people reporting living paycheck to paycheck according to CareerBuilder.
It's PROBABLY a measurement problem, not an actual number with insight on how people are living. People self report incorrectly to a lot of things, and paycheck-to-paycheck can mean a lot of things. We think of it as someone who might be homeless without their paycheck but someone who would have to sell some stocks or stop retirement contributions might also think of themselves as "paycheck to paycheck."
If you are working, your paycheck is probably a big part of your budget. That makes this survey question a bit meaningless.
14Still? That number will only grow. Trickle down economics doesn't exist and Americans don't understand what class consciousness is.
11Remember this the next time someone says "what the market will bear."
Unchecked capitalism is about aggressively exploiting resources. We, our time, and whatever we posses of value, are all such resources.
10Really need to bring back the 'New Deal' era laws and regulations.
Waiting for raw Capitalism to 'lift all boats' just won't happen, as only the strongest 'boats' survive the storms.
Capitalisms default mode is 'let them eat cake'.
9Permanently Deleted
6damn that person looks swoll while buying chips and syrup?
2What I have seen is that the issue is now at the local economy level. In the urban areas costs have returned to pre-2020 prices. In rural areas the prices are still extremely high. Gas in a urban area is around $2.30 while in rural areas it's $3.15. Milk prices are about a 0.75 a gallon difference as well. Life sucks if you live in the middle of nowhere, but it's not bad if you live close to a urban area. The price difference appears to be due to transportation costs. It just isn't worth the logistics to support rural communities anymore for most companies.
-21