My boss and I were discussing the stats of people living paycheck to paycheck the other day. We have seen stats like this for years. Then, COVID happened, people out of work, dropping out of the work force, etc. How did these people survive? I know we had extra government money for a while, but that has long since dried up. If you have millions of people living paycheck to paycheck, and the paychecks have stopped, where are all the starving, homeless people? I’m not discounting the study; this is a legitimate question.
There is a large underground and/or gig economy out there.
Most of the folks using it are not making much money, but it can help them scrape by....
Many of them “couch surf” and stay with/sponge off friends.