You should see the debt-to-savings ratio of families living in nicer neighborhoods with all the cars and toys. They might be making six figures, but they are living on the edge of a cliff.
It isn’t how much you earn, it’s how much you spend.
There's a family I know who wanted to send their son, who is quite smart, to a private Christian school. The Mom told her church members they can't afford it, so the church surprised them with a fund-raiser for the kid's tuition
Meanwhile, I know the family lives in what looks like a 4000 sq. foot McMansion, and Dad drives a big jacked-up Ford 250, has a boat parked in the backyard, and mom drives an Infiniti.
Yes, they probably DON'T have money for son's tuition, and they probably believe they need help, because they probably spend every penny that comes in, and more.
I admit I don't know their family details, and I do not want to be a gossip, a grinch, or tear people down, so have simply kept my observations to myself.
for waaay too many, livin large is unsupportable...
Well, we can’t all be Joe Biden and get our 10% of all the graft, greed and corruption his family and administration does.
The question is...
Living paycheck to paycheck just to buy food for survival and paying for having roof over one’s head - well THAT is tough.
Living paycheck to paycheck while living a good life, eating well, while having a house or nice apartment at one’s disposal, while putting money aside for one’s retirement or children’s future studies... that’s a whole different matter.
So living paycheck to paycheck doesn’t explain the true situation people have. There might be huge differences in living standards, while living paycheck to paycheck.
It’s neither bad or good. Life is life.
Children lost two years of growth via school and got cut off from their buddies.
But every government worker across the country got their paycheck...Excepting the Military who refused the shot.
LendingClub’s latest report shows that as of October, 60 percent of adults said they are living paycheck to paycheck. Around 40 percent of consumers consider themselves to be worse off now than in 2022.
My wife is friends with a couple of senior citizen women friends, who help collect food for the needy.
Apparently, in the SF Bay area, 35 to 40% of the population can’t put food on the table for 3 meals a day for each family member.
Paychecks haven’t kept up with the cost of living for generations.
Where I live jobs paying 20/hr are common but a studio apartment costs over 2,000/month.
Hard to live on that job even at a basic level.
Report: Majority of U.S. Adults Living Paycheck to Paycheck...
Biden: We must stop this!..........From now on, no more paychecks..................
Please, I’d like to struggle with 6 figures. Bring it on.
Didn’t a “majority” of Americans VOTE FOR THIS???
As I said to a business colleague...we’re going to see who has been swimming naked ...when the pool gets drained.
Business has been up about 13% until this past month. Now down just about the same amount. Things are slowing down at a rapid rate.
Master of the obvious. So tell us, just when was it that the majority of U.S. adults were NOT living paycheck to paycheck? Take your time, we’ll wait, MORON!
Some seen what was coming in 2020 and save up for it.
For the rest it would be better to say your an illegal and get all the free things Biden & party are handing out food clothing cell phone room at a nice hotel free medical schooling ..................................................
The socialism agenda in action
They must be in debt up the wazoo.
Anyone incompetent enough to be stretched on income of $100,000+ gets zero sympathy from me.