Free Republic

On Monday’s broadcast of NBC’s “Late Night,” Sen. Bernie Sanders (I-VT) stated that while we have “60% of workers living paycheck to paycheck,” people should vote to re-elect President Joe Biden because the economy “is really doing well, unemployment, extremely low, we’re creating a whole lot of jobs, rebuilding manufacturing in America.” In response to a question on why people should vote for Biden, Sanders said, “Look, this country faces enormous problems today, and we all know what they are. We’re talking about income and wealth inequality, we’re talking about 60% of workers living paycheck to paycheck, and we’re talking...

The majority of U.S. adults are living paycheck to paycheck heading into this holiday season, a report shows. LendingClub’s latest report shows that as of October, 60 percent of adults said they are living paycheck to paycheck. Around 40 percent of consumers consider themselves to be worse off now than in 2022. Even higher earners are struggling to get by, with 42 percent of those making six figures also living check-to-check under President Joe Biden. According to a separate CNBC survey, the number of adults struggling to save between checks is up from 58 percent in March.

A mere 2,100 migrants in the Big Apple’s care have applied for work permits — with not a single one yet to receive federal approval, city officials admitted Wednesday. City Hall also still has no solid figure for how many of the more than 40,000 adult asylum seekers it is housing are even eligible to legally work here, officials conceded at a city council hearing. The revelation frustrated even Mayor Adams’ fellow Democrats on the council. “This migrant strategy is going nowhere fast: We have to secure the border,” Council Member Robert Holden (D-Queens) said. So far, the city’s migrant...

More than half of Americans earning over $100,000 a year are living paycheck to paycheck, according to new research. A survey by Barron's found that 51 percent of people with an annual salary over $100,000 run out of money on a month-to-month basis. Around 65 percent of all Americans said they frequently live paycheck to paycheck, according to the survey by The Harris Poll. Some 30 percent of households reported that they run out of money at the end of every month, while 35 percent said they do not have money left at the end of most months. Living on...

Most Americans say their paycheck is failing to keep up with inflation in the “struggling” economy, a CBS News/YouGov survey released over the weekend found. The survey found just 13 percent asserting that they are “getting ahead” financially in the Biden economy, compared to 52 percent who said they are “staying in the same place.” However, over one-third, 35 percent, said they are “falling behind.” When asked if their income is keeping up with inflation, most working respondents — 70 percent — said “no it isn’t,” compared to 30 percent who said it is.

This United States Postal Service (USPS) worker wants you to become a postal worker — and his main selling point is a six-figure salary. The USPS is experiencing a worker shortage across the country. It’s causing delivery delays and forcing staff to work overtime. Missouri postman and TikToker Lukas posted a screenshot of his paycheck to recruit more workers. Lukas shared that he earned $4,423 in two weeks and six figures in a year. But it did come at the cost of working an additional 23 hours of overtime. “We need help and the post office pays well,” he said....

Over a third of Americans who make at least $250,000 per year say they're living paycheck to paycheck, which Bloomberg suggests underscores how inflation is 'taking a bigger bite out of Americans' budgets at all ends of the pay spectrum.'Another interpretation is that Americans makig at least $250,000 - placing them in the top 5% of earners in the country - have horrendous financial literacy.According to a survey by Pymnts.com and LendingClub, some 36% of households who make at least $250k - nearly 4x the median US salary - devote almost all their income to household expenses. Higher-income households are...

Interesting to see who got how much. Scroll down the page in the link and you can choose state and company name and see what they received from Uncle Sugar. Here’s the link again: https://www.federalpay.org/paycheck-protection-program

Already harmed by long hours and high illness rates, critical jobs battling the pandemic face a new hazard: bosses who rob their salaries. When a recession occurs, American businesses are most likely to penalise their lowest-wage employees. These establishments often pay less than the minimum wage, require workers to work off the clock, or fail to pay overtime rates. In the most heinous situations, employers fail to pay their workers at all. According to a Center for Public Integrity report of minimum wage and overtime breaches from the United States, employers that hire child care assistants, gas station clerks, restaurant...

What? And leave the safety of her twin $12,000 freezers? Donald Trump has signaled over the last twenty-four hours that if Nancy Pelosi wants to play hardball over an issue of replenishing the Paycheck Protection Program from afar, he’s willing to play hardball, too. For the second day in a row, Trump demanded that Pelosi and Chuck Schumer bring Congress back into session and start dealing with the COVID-19 crisis in person.The “ENDLESS VACATION” is a nice touch, but I still prefer the Brave Sir Robin Congress: Today people started losing their jobs because of Crazy Nancy Pelosi, Cryin’...

A company in Austin, Texas is looking to dock pay from workers who receive government stimulus checks, according to an anonymous employee. With the historic $2 trillion coronavirus stimulus deal signed, Americans can look forward to receiving some economic relief during the pandemic. An unnamed company in Texas, though, appears to be looking to use the stimulus to relieve their payroll strain. On Wednesday, the company sent out a form titled “Employee Acknowledgement of ‘Government Assistance’ Pay Reduction.” The form was reported by an employee who wished to remain anonymous, but the employee spoke to local news KXAN about the...

Billionaire Michael Bloomberg launched his campaign for president by spending hundreds of millions of dollars on advertisements to boost his poll numbers. Yesterday, he released a policy proposal to address the cost of higher education. Unsurprisingly, Bloomberg would not cancel student debt or make all public colleges free (as Bernie Sanders proposes). Instead, he would place all student debtors in an income-driven repayment plan so that payments are taken directly from borrowers’ paychecks. This plan is a neoliberal technocrat’s wet dream. It would treat student debtors as isolated individuals who must make payments tailored to their specific situations and according...

Alexandria Ocasio-Cortez apparently believes the “electoral system” is unfair because she can’t receive her congressional salary until she’s actually sworn in as a member of Congress. On Thursday, the 29-year-old socialist spoke with The New York Times about her election victory on Tuesday. But rather than discuss her ideas for Congress, Ocasio-Cortez complained about not being able to afford an apartment in Washington, D.C. Given that she will not be sworn in as a member of Congress until January, the Democratic socialist complained about not receiving her congressional salary for another three months. “I have three months without a salary...

Nice increase in my pay today...Thank you Mr. President!!

As union honchos for government workers describe it, the paycheck protection legislation that passed the state Senate last month amounts to a political gag order on workers. But if there's any actual “gagging” going on, it's in attempting to swallow this union shibboleth. The Senate bill bars state, local government and school district employers from deducting any portion of union dues from workers' paychecks that fund political activity. Deductions for contract negotiations and other costs remain unchanged.

Europe-based bitcoinCT r: 3 services provider Cashila has recently released a Bitwage-like Euro-to-Bitcoin payroll system, allowing European employees to request their wages to be paid in bitcoin through a simple bank or SEPA payment. The payment process of the sender or the employer will stay the exactly the same. On the Cashila platform, the receiver will create a payroll request with the inclusion of necessary bank details, including specific reference number, IBAN Bank account number, payment amount, etc. Once completed, employees and freelancers can export the invoice as a PDF or send it via email to their employers and wait...

Interesting piece in the New York Times by Patricia Cohen about how easy it would be to raise taxes on the “1%” in order to see tens of billions of additional revenue for the government.I had to read this twice to make sure it wasn’t a parody. The top 1 percent on average already pay roughly a third of their incomes to the federal government, according to a Treasury Department analysis that takes into account the entire menu of taxes — including income tax, payroll taxes that fund Medicare and Social Security, estate and gift taxes, excise and custom...

I got a part time job in a Des office as a receptionist, but I may be able to use my phlebotomy skills to. Thanks for all your prayers. :)

About one-third of American households live "hand-to-mouth," meaning that they spend all their paychecks. But what surprised the study authors is that 66% of these families are middle class, with a median income of $41,000. While they don't have liquid assets, such as savings accounts or mutual fund holdings, they do have homes and retirement accounts, with a median net worth of $41,000. ... Poor hand-to-mouth households, by contrast, typically have incomes of $21,000 and no assets. Families that don't live paycheck to paycheck have incomes of $51,000 and assets of $116,000. Those living paycheck to paycheck have a tougher...

A new report from the Corporation for Enterprise Development shows that 44% of Americans are "liquid asset poor" and are forced to live from paycheck to paycheck.Time Magazine: The economic picture is looking brighter these days. The federal government announced Thursday that economic growth had picked up to its fastest pace in two years, while employment growth over the past five months has averaged a healthy 185,000 new jobs. But as evidenced by a report out Thursday from the Corporation for Enterprise Development, nearly half of Americans are living in a state of "persistent economic insecurity," that makes it "difficult to...