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GoLeft TV

(3,910 posts)
Mon Jun 8, 2015, 05:07 PM Jun 2015

Shocking Statistics on Financial Burden in America

Do you want to know how bad things have gotten for Americans in recent years? Here are the statistics…

According to a new report by the Federal Reserve, nearly half of US citizens would be completely unable to handle an unexpected expense of $400. 47% of people said that they didn’t think they could handle such an expense, but the Fed’s breakdown of that 47% revealed how bad the situation really is: 14% said they simply couldn’t cover it. Another 10% would have to sell something, 13% would have to borrow money from a friend or relative and 2% would have to resort to a high-interest payday loan.

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Shocking Statistics on Financial Burden in America (Original Post) GoLeft TV Jun 2015 OP
Roll back the Reagan tax cuts. Roll back Reaganomics. Roll back the "trade" deals. Roll back Dont call me Shirley Jun 2015 #1
+1 daleanime Jun 2015 #4
I'm with you! Enthusiast Jun 2015 #5
I am in this situation... chervilant Jun 2015 #2
+1 a whole bunch! Enthusiast Jun 2015 #6
The bohemian hedonists have stolen our bootstraps, chervilant Dont call me Shirley Jun 2015 #7
K&R..... daleanime Jun 2015 #3

Dont call me Shirley

(10,998 posts)
1. Roll back the Reagan tax cuts. Roll back Reaganomics. Roll back the "trade" deals. Roll back
Mon Jun 8, 2015, 05:16 PM
Jun 2015

corporate welfare.

Reinstate Roosevelt Revolution!!!!!

chervilant

(8,267 posts)
2. I am in this situation...
Mon Jun 8, 2015, 05:43 PM
Jun 2015

I just got a job as a non-medical caregiver for the elderly, which adds a very gratifying layer to my advocacy skills. I have been unemployed since the Tuesday before Thanksgiving (my old manager told my new manager to fire me). I have been very careful with my UI benefits, and had a cushion until I got hired in my new job. That's gone now, since the UI ended when I got hired.

My new employer promised I would be able to work "as many hours as I wanted to." But, my schedule for the month of June gives me just 17 hours a week. I will, if I'm lucky, have barely enough to cover my rent and utilities.

I need new tires on my 15 YO car. I need an oil change. That's right at $400, and I just don't have it.

I think I've started experiencing panic attacks. My heart starts beating really fast, I get hot and flushed, and I feel anxious.

I am so over the hedonists on this planet who hoard billions of dollars and act as though the Hoi Polloi should just pull ourselves up by our bootstraps. I'd like to show them a bootstrap or two...

Dont call me Shirley

(10,998 posts)
7. The bohemian hedonists have stolen our bootstraps, chervilant
Tue Jun 9, 2015, 08:50 AM
Jun 2015

My financial situation makes me nauseous, I try not to think about it. My reality has fallen far far below my expectations of my reality and my future reality, as with you and many others.

I am so over the trillionaires and billionaires and millionaires. They must hate us immensely in order to steal our very livelihood from us.

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