We have reached a point where nearly two-thirds of all Americans are living paycheck to paycheck. So what happens if millions of those people suddenly lose their paychecks during the severe economic downturn that is ahead of us? In 2008, unprecedented numbers of Americans found themselves unable to pay their mortgages when the recession struck, and foreclosures surged to absolutely shocking levels. Unfortunately, we have set ourselves up for the same thing to happen again. Most Americans are literally teetering on the brink of financial disaster, and it won’t take much to push them over the edge.
According to a survey that was just released, 63 percent of Americans were living paycheck to paycheck in September…
As rising prices continue to outpace wage gains, families are finding less cushion in their monthly budget.
As of September, 63% of Americans were living paycheck to paycheck, according to a recent LendingClub report — near the 64% historic high hit in March. A year ago, the number of adults who felt strained was closer to 57%.
Why aren’t more people alarmed by the fact that nearly two-thirds of the entire country is just barely scraping by from month to month?
If you do not have anything to fall back on, you are just one major setback away from extreme financial distress.
A job loss, an auto accident or a serious illness could hit at any time. If you suddenly experienced such a tragedy, how would you make ends meet?
A different survey that was recently conducted found that two-thirds of all working adults in the United States believe that they are “worse off financially” than they were 12 months ago…
As inflation pressures continue, two-thirds of working adults said they are worse off financially than they were a year ago, according to a recent report by Salary Finance.
To make ends meet, many are dipping into their cash reserves or going into debt.
Nearly three-quarters, or 72%, of consumers have less in savings than last year, a jump from 55% who said the same in February, the report found. And 29% said they have wiped out their savings entirely. The report is based on a survey of 500 adults in August.
So most of us are living paycheck to paycheck, and most of us are also doing worse than we were in 2021.
Why are patients at Tidal health emergency room being packed into the hallways ? Healthcare on the shore has sunk to a new low since tidal health took over .
On the BRINK of CIVIL WAR in America today !!!! Leftist Democrats are the Blame !!!
Next election Democrats CHEAT will be their LAST !!!! Bet on that next Jan 06 !!!!!
Sorry, but I can’t make it from paycheck to paycheck. Paycheck doesn’t go far enough anymore to make it from week to week. Thanks be to Uncle Joe,
Just getting started > just wait & see ALOT of Bankruptcies coming > People RUINED by Biden
More like 93 % !!!!!
That’s nothing new. Most Americans live beyond their means.
Indeed over $1.5 TRILLION in credit debt.
Elections are on the BRINK !!!!! No More Democrat CHEATING like 2020 this time !!!! Hold ACCOUNTABLE !
Well, I don’t live beyond my means. I was doing great under our real President…..TRUMP! Now, for the first time, I am using my IRA money to pay bills. Sad indeed!
I Save Pennies
When I grew up, in a family with 8 kids, my dad worked full time and mom stayed home and raised the kids.
We owned our house and had a nice car.
What the hell happened???
Democrats.
NOW, two adults (they better not have any kids or it’s welfare time) making $15-18 an hour can’t afford the slumlord rents and the $4 a gallon gas or the 4 plastic bags of groceries that cost $80-100 and the heating oil bill.
Democrats.
They are the enemies of the people. Keep you broke, tax you into poverty, give taxpayers money to people who have 5 kids and have been on welfare for 4 generations, divide us with race-baiting “inclusion and diversity”, dumb down our schools to the point where high school graduates can’t write a coherent sentence (because they are so busy teaching children how racist we are and how the strange and weird people deserve all of our attention and respect — never mind any of that racist crap about math and science), tell us how the police are our enemies, and ridicule hard work and savings as “white structure racist ideas”, disarm us and tell us how the criminals are misunderstood (and how racist we are to resist robberies, murders, carjackings and home invasions).
Democrats.
Our great country (where millions (that’s right – MILLIONS- of people risk the lives of themselves and their families, just to get a chance to come here) is being destroyed by their divisive policies and politics.
Our cities are off-the-charts unsafe, our government is broke, EVERYTHING is racist, and people are, every day, wondering how to feed their kids and keep them warm, too.
Democrats are the cause.
Just listen to what they say and want from us.
Our money and our subjugation. Without complaint or resistance.
And you bozo’s keep voting for them.
Try EARNING something. On your own.
Or join the growing call for revolution. Just like Thomas Jefferson warned us we would eventually need to do.
And believe this — it’s coming.
Well said!!!
When one trys to RUIN the Good people expect the Good to go BAD !!!