Scary.
and fertile fishing grounds for Socialist demagoguery
Anecdotal evidence is that some who appear to be in gangs, or are “baby mamas”, have nice cars and wear “bling”. These sorts of people may not have a lot of cash for unexpected expenses, but seem to spend what they do have to buy whatever they want.
I’ll bet its a lot more than half. Especially when you throw in the tens of millions of people who are in the country illegally.
I have the advantage of being broke.
When the POTUS is a diverse urban person the only thing more amazing than the volume of stuff that ends up hitting the fan is the number of ways that conjured up to spin it as POSITIVE.
1. people losing their jobs is really Obama coaxing them to the things REALLY important in their lives.
2. When they can’t afford expensive gas, that’s actually an innovative way of incentivizing alternative energy research.
3. When you’ve got scads of PO FOLKS, they’re actualy “financially fragile”.
Wow I knew things were bad but that is such a low amount not to be able to come up with in a month?
Keep being weird.
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Millions of people have not paid a mortgage payment in months and you want to know if they can come up with 2000 dollars in 30 days. DUH?
Might have it, but don’t want to use it. The emergency would have to be very, very important.
“If you were to face a $2,000 unexpected expense in the next month, how would you get the funds you need?”
Yieks!!! That is so frightening. We really need to do something or folks are going to be in the streets during retirement time. Some of these folks are educated and relatively successful folks who would have this problem. Businesses need to go back to the pension program. Yes it might cost more but we are going to pay for these folks one way or another. Pensions were the best thing for America and now they are practically gone. When pensions were around, people used to work at one company for 50 years.....there is no loyalty anymore at all.
Perhaps I misinterpreted this, but it sounds to me like they are talking about coming up with $2,000 from current/new income. It looks like, if you have to take the $2,000 from savings, you are in the fragile group, which would seem to make this a very stupid study with unsupportable conclusions. ?? Maybe I did not understand.
Fra-gee-lay. They must be Italian.
And the higher the gas and food prices go, the more of us will be added to that list.
Did they have a choice for “sure, I’ll rob Peter to pay Paul”?
Later in the article, it says: “The more surprising finding is that a material fraction of seemingly ‘middle class’ Americans also judge themselves to be financially fragile"
If this is an accurate reflection of the study, I'd like to know what percentage constitutes the "material fraction" of the middle class Americans who probably can't raise $2000 in an emergency.
Government employees and career welfare dependents aren't feeling the pain.
Those of us who have worked all our lives are watching the results of our labor sliding away.
We are ignored because it is relatively safe to ignore us.
I'd find it shocking if Italy turns out to be the paragon of G7 personal financial prudence. I wonder about the survey methodology.
I expect having to spend several thousand dollars on the daughter’s wedding if things work out. Shouldn’t be a problem for us.
And yet - they seem to be able to come up with the money for their iPhone and cigarettes...