Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

60% of Americans are living paycheck to paycheck heading into the peak shopping season
Cnbc ^

Posted on 11/18/2022 6:09:51 AM PST by Red in Blue PA

With persistent inflation eroding wage gains, more Americans are struggling financially just as the peak shopping season kicks into high gear.

Holiday spending could come at a high cost if it means tacking on additional credit card debt just as interest rates rise.

(Excerpt) Read more at cnbc.com ...


TOPICS: News/Current Events
KEYWORDS: economy; inflation; wages
Navigation: use the links below to view more comments.
first 1-2021-4041-52 next last
....yet across the country, dems won elections. Yeah, I trust the election process/s
1 posted on 11/18/2022 6:09:51 AM PST by Red in Blue PA
[ Post Reply | Private Reply | View Replies]

To: Red in Blue PA

Maxing credit cards for the win. /s


2 posted on 11/18/2022 6:11:06 AM PST by cranked
[ Post Reply | Private Reply | To 1 | View Replies]

To: cranked

Overheard someone saying CC reduced their credit limit.


3 posted on 11/18/2022 6:12:04 AM PST by griswold3 (There are no solutions; there are only trade-offs. – Thomas Sowell)
[ Post Reply | Private Reply | To 2 | View Replies]

To: Red in Blue PA

When the ballot box is NOT questioned; the People get the government they deserve


4 posted on 11/18/2022 6:13:24 AM PST by no-to-illegals (The enemy has US surrounded. May God have mercy on them.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: cranked

Not laughing. 😂👍


5 posted on 11/18/2022 6:14:39 AM PST by rktman (Destroy America from within? Check! WTH? Enlisted USN 1967 to end up with this? 😕)
[ Post Reply | Private Reply | To 2 | View Replies]

To: Red in Blue PA

Setting the stage for some Black Friday deep discounts and stampedes.


6 posted on 11/18/2022 6:14:45 AM PST by gundog ( It was a bright cold day in April, and the clocks were striking thirteen. )
[ Post Reply | Private Reply | To 1 | View Replies]

To: Red in Blue PA

And from credit card to credit card.


7 posted on 11/18/2022 6:15:33 AM PST by SkyDancer (I Walk In The Rain So Nobody Can See My Tears)
[ Post Reply | Private Reply | To 1 | View Replies]

To: griswold3

that happened to me, but because i don’t use the card enough. They cut it in half.


8 posted on 11/18/2022 6:16:52 AM PST by ronniesgal (Just GET A JOB already. )
[ Post Reply | Private Reply | To 3 | View Replies]

To: Red in Blue PA

At the same time, voters re-elected the idiots causing all this mess so there should be no complaints at all, from anyone, for any reason (if they’re liberal).


9 posted on 11/18/2022 6:20:43 AM PST by GeorgiaDawg32 (q11)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Red in Blue PA

Hate to say it, but all of the past 400 years, most of society lived off their most recent wages. Thats not a sin. We all started there. Hopefully many worked their way past it.


10 posted on 11/18/2022 6:26:36 AM PST by poinq
[ Post Reply | Private Reply | To 1 | View Replies]

To: Red in Blue PA

Good. Let them have what they asked for.


11 posted on 11/18/2022 6:27:10 AM PST by brownsfan (It's going to take real, serious, hard times to wake the American public.)
[ Post Reply | Private Reply | To 1 | View Replies]

And inflation and energy prices are fixing to really crank up…vote BLUE RAT…


12 posted on 11/18/2022 6:29:56 AM PST by TnTnTn
[ Post Reply | Private Reply | To 2 | View Replies]

To: TnTnTn

Wait till the CC companies raise their interest rates to 30% or more to cover the deadbeats not paying.


13 posted on 11/18/2022 6:35:32 AM PST by oldasrocks
[ Post Reply | Private Reply | To 12 | View Replies]

To: Red in Blue PA

Haven’t 60% +/- been doing this….for several decades??


14 posted on 11/18/2022 6:39:32 AM PST by Jane Long (What we were told was a “conspiracy theory” in 2020 is now fact. 🙏🏻 Ps 33:12)
[ Post Reply | Private Reply | To 1 | View Replies]

To: cranked

Last year we had almost no presents under the tree. It was still a good Christmas - celebrating the Savior’s birth with our family.

This year, I’ve nearly done the shopping and spent maybe $200.

I feel like I am drowning in stuff as it is...the best present my children could give me is helping me get rid of stuff.

And trying not to give people “stuff.” Only that which is truly useful, or compact, or will be eaten up or used up, gone and done with.


15 posted on 11/18/2022 6:43:09 AM PST by heartwood (Someone has to play devil's advocate.)
[ Post Reply | Private Reply | To 2 | View Replies]

To: heartwood

I hear ya.

You know its getting tough when people making 200K a year are living paycheck to paycheck - at least that is what I read a week or so back that was posted on FR.


16 posted on 11/18/2022 6:44:47 AM PST by cranked
[ Post Reply | Private Reply | To 15 | View Replies]

To: Red in Blue PA

Hum,,

Well,

that explains all the tv commercials I’ve been seeing

swapping Xmas out for Soccer

Santa all hot to bother for
soi boi ball.

can’t afford gifts, only can afford sitting in front of your tv

( if you’re lucky and aren’t homeless yet )


17 posted on 11/18/2022 6:55:45 AM PST by cuz1961 (USCGR Veteran )
[ Post Reply | Private Reply | To 1 | View Replies]

To: cranked

There is a HUGE difference is the cost of living from one place in the country to another.

First of all a person getting a W2 with income of 200K is paying 28% or more Federal tax. They may be also paying 5-8% state income tax and IF thy work in NYC they are also paying an additional city tax. Plus the real estate taxes in places like Westchester County(north of NYC)are absolutely crazy.

Go to realtor.com and put in the town of Dobbs Ferry, NY. A moderate sized house is $1MM. Plus the taxes are $30K.
Here is an example:

https://www.realtor.com/realestateandhomes-detail/69-Price-St_Dobbs-Ferry_NY_10522_M35563-01838

My point is a person working in NYC, taking the train into Manhattan everyday and living in Dobbs Ferry, NY has to make $200 MINIMUM just to survive.


18 posted on 11/18/2022 7:03:05 AM PST by woodbutcher1963
[ Post Reply | Private Reply | To 16 | View Replies]

To: Red in Blue PA

Who cares! Let them eat cake!!! Stupid folk! They slit their own throats! At this moment I don’t give a rats butt! As long as I have a roof, food on my table,heating and water i’m going to enjoy the little time that we have left! So with that said I’m fine. AND for all those communist climate change freaking brainwashed idiots reality of survival is gonna hit you between the eyes sooner or later and you know what… I won’t shed a tear for you all! Starve and Freeze you bastards! The evil climate change globalist elitist want you dead and you are only a pawn in their evil Global dominating scheme ….once they use you they’ll spit you out and eliminate you! You are their useful idiots but sooner or later you’ll realize they wanted the world to themselves, but by then you my dumb friend will be 6 feet under!!


19 posted on 11/18/2022 7:14:23 AM PST by RoseofTexas
[ Post Reply | Private Reply | To 1 | View Replies]

To: Red in Blue PA

How does that compare to 1965???


20 posted on 11/18/2022 7:15:26 AM PST by ridesthemiles
[ Post Reply | Private Reply | To 1 | View Replies]


Navigation: use the links below to view more comments.
first 1-2021-4041-52 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson