Unsurprisingly, 47% is the exact number of Americans paid by the Federal Government to be dependent upon government checks.
You get what you pay for: Dependency.
And that’s just the ones who aren’t on the dole...
Well, Obqamas goal is half way met.
I’m not surprised at all by these results. Call it insight into the 50% of Americans that pay no Federal income taxes.
Also, being financially irresponsible is not confined to just that lower 50%. A lot of people live month to month with no financial planning and no savings. I’ve known people who have $25,000 - $30,000 on credit cards and spend every penny of their paycheck. They pay their expenses first and then blow ALL of the rest. If something comes up like auto repair or an emergency, the cost goes on the credit card. They pay whatever they want to on the cards with no real plan or expectation of paying off the balance. A lot of their money goes to credit card interest.
Just insane. I am talking career professionals here, not burger flippers. They are financially oblivious.
Are these the folks Ryan thought would support medicare privatization/reform? Ryan thinks these people would rather have more ‘choices’ than their medical bills paid by the government? I think they know what would happen to them at retirement in that case.
I remember in 2009 I posted a few comments that said that many Americans would rather deal with government 'death panels' than have to pay their own medical bills, many replied "NOOOOO, everyone wants freedom just like me" LOL.
I wonder how many of these people who can’t come up with $2,000 have a large flat screen at home? A cell phone in their pocket? Enjoy their $6.00 Starbucks every day? Play the lottery? Have plenty of cold beer in the fridge?
And on and on....
Look. We make choices in life. Some people make the choice to live broke.
Are they stupid? After all, THEY have Uncle Obama as their sugar daddy.
Life is good.
Uncounted millions owe the effing IRS, so many in fact that it’s spawned the thriving “let us help you with the IRS” industry. It really is an unrecognized scandal.
I didn’t see any comments on this new term “Financially Fragile”...never heard of that before.
Personally I’d rather say I’m poor which = broke
rather than say I’m fragile which = broken
Not bad when you consider l out of 4 are on the dole today! Dave Ramsey is available on any radio. Why does money burn such a hole in the pockets of those born after the Great Depression? Probably because we furnished our kids with all the things our parents couldn’t afford. Not that we missed them at the time. In fact, I had a wonderful childhood. My kids, though, afe very materialistic and want instant everything. They don’t save for, but charge. We didn’t have charge cards until after the ‘50’s.
Things were better in the old days.
Probably 4 out of 5 people I work with live hand to mouth; paycheck comes in and bills goes out with little money left. These are also fairly well paid professionals, too, so they shouldn’t be living that way.
When the crash hits, $2000 will only be work $20.
I prefer Close to the Edge.
I hears this on the news this morning. I’m not “rich” by any means – $34,000 a year. If I had to quickly raise $2000 they only problem I’d have would be choosing between savings, checking or credit card.
The answer for most families is, I suspect simple. Put it on a credit card.
Do that enough, and you have 30,000 in CC debt.
People may be broke but they’re nowhere’s near as broke as the gubbermint is. Cept the gubbermint can print money, take money, and run up the credit card.