When they say “Paycheck” are the including government assistance?
Same people will invest in MyRA???
Does this number include the 92 Million Americans who don’t get paychecks?
—just judging by my lifetime of experience, I doubt that there has been much change over the last fifty years——
The real problem is that the US standard of living is currently being supported at an artificially high level by entitlements funded by 40% borrowed/fake money.
We’re like that family in 2007 living in a McMansion with negative equity and a balloon mortgage, two leased luxury SUVs, and a purse full of maxxed out credit cards. Life was good right up to the foreclosure/repo/etc.
Can’t be true because we know for sure that 40% of Americans live from EBT card to EBT card.
Time Magazine writes an article about 44% of Americans being liquid asset poor while our country is 17 trillion dollars in debt.
56% of our citizens are still more responsible than Uncle Sam.
And this is a surprise to..... Anyone?
Remember when you could write-off the interest you paid on credit cards and car loans?
What I do find amazing is the number of people I encounter who have retired and are still making mortgage payments. In many cases, that means they are retired and have a negative net worth. Those folks live from pension check to pension check. --- I'm, sure at some point I'll have an opportunity as a taxpayer to bail them out. My responsible behavior will be punished through taxes to support their irresponsible behavior.
Ought to be interesting when they reach 75. The kids they dumped into daycare and the. Strapped with this debt, not to mention contracept end out of existence, not a money source
Social security will take care if them when they caint work,
Pshaw yeah! A government that would take away contracted for retirement from all of its war veterans and their widows’ fund without a protest from the populace would never withhold so iCal security!
Anyway, people have contracepted about two thirds of tgat generation who would pay
Who’s kidding who? Most are living off their credit cards because their pay checks are shrinking by the month. The cost of heating this winter, the shrinking food dollar, soaring medical insurance, and their cut in working hours, make “paycheck-to paycheck” sound good.
Au contraire...I feel blessed! Blessed to have been born in the USA at a time (1950) when the “Greatest Generation” had won WW2 and was about to launch an American Economic tsunami that would sweep vast numbers of people into secure comfortable middle class lives.
I was privileged to evolve in a rare time and place in human history, when the average person had an opportunity for self determination and a comfortable existence free of the fear and terror that plagued most human beings over millenia.
So as I continue on my journey, I am thankful to God and the diligent hard working Americans who came before me, who built our nation, secured our freedoms and generously handed me a rich OPPORTUNITY.
I am happy to be alive and kicking...pay check to paycheck...in the GREATEST Nation ever devised by Man/Woman.
Seems like more and more people are joining that club everyday, and more and more are beginning to wish they could still get by “paycheck to paycheck.” Obamacare is going a long ways towards taking away that little extra people manage to save.
People who spend every cent they get can their hands as quickly as they can get their hands on it have no "liquid assets."
Same goes for people who max out credit cards.
Heck, I used to live day to day ‘till I retired.