This is a number that I actually can believe. While many people truly do live paycheck to paycheck, the freeloader segment is so permanently irresponsible, that if they found $500 on their doorstep, it would never occur to them to set it aside for a rainy day. Their perception is that they “need” and “deserve” to have the latest cell phone, a bigger flat screen television, new rims for the about to be reposessed car in their driveway, or just a damn good partying night out since waiting on the next handout is damn stressful!
Being related to the freeloader set, I can tell you that one reason they don’t keep money around is because it attracts other freeloaders. If you have money, you need to help people who don’t have money because people helped you when you didn’t have money.
They also have no interest in reigning in their passions.