Posted on 05/17/2018 9:56:10 AM PDT by fwdude
The economy may be chugging along, but many Americans are still struggling to afford a basic middle class life.
Nearly 51 million households don't earn enough to afford a monthly budget that includes housing, food, child care, health care, transportation and a cell phone, according to a study released Thursday by the United Way ALICE Project. That's 43% of households in the United States.
(Excerpt) Read more at money.cnn.com ...
Well...tattoos are expensive. The same for smokes or drugs. I guess I better work 2 shifts so I can send these losers more cash.
Yep.
The number one cause of childhood poverty in the U.S. is out of wedlock births.
The average net worth of a black woman in the U.S. is three dollars.
These two facts are not unrelated.
So why doesn’t United Way funnel the money donated to help these families, rather than to Planned Parenthood and all the other liberal efforts they fund?
....and I’ll bet they had long fake acrylic nails and designer purses.
This is a bogus story! When they figure poverty stats, they do not include non-cash government benefits. So, a family could be getting food stamps, subsidized housing and utilities, Medicaid, a free phone, etc., have some income (not to mention what they get that they don’t report) and STILL be counted as living in poverty. Ever watch the First 48 when they show the folks living in housing projects? Hundred dollar sneaker, expensive manicures, jewelry, nice vehicles, etc. Stossel did a show on this once demonstrating that most “poor” people in the US have cars, houses, air conditioning, and a whole host of other things that the truly poor in other countries can’t imagine.
The poverty designation in the US is phony. I wish someone would correct this nonsense every time they print one of these misleading stories.
I have a young cousin (2nd cousin) who married young and immediately bought a house and new car... they ALWAYS taka a vacation and have the newest, latest, best electronic stuff (car, phones, TV’s etc.) BTW-MY car is a 2007 and gets around just fine.
They are always ‘struggling’ and borrow from their mom and uncles...
So what ever happened to saving until you could afford a thing/s?
Whenever I see them they have and their kids have everything new and the best! They deny themselves NOTHING!
Young people are totally CLUELESS.
Modern cars are amazing, the way they last so long! It used to be, if a car was ten years old it was considered ready to die. My daily driver is a 2001 truck, it's showing its age with fraying and rust spots but mechanically runs great. Asked my wife if we should buy a new car, she says "what for?". We can afford anything we want, debt-free and have a home and savings.
Meanwhile, young people we know are "struggling" while driving fancy cars. One young couple we know went into bankruptcy, their motto to us was "always go first class, enjoy life"; lots of fancy vacations in best hotels and flying first class and new cars every couple years, but a dicey future for them and their kids. P.S. - they tried borrowing money from us and others, we're smarter and said no. Yes, young people can be dumb.
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