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Cattledog

(5,917 posts)
Tue Jan 1, 2019, 07:43 AM Jan 2019

Living paycheck to paycheck is disturbingly common

a recent report from the Federal Reserve spotlights the prevalence of extra-tight budgets: Four in 10 adults say they couldn’t produce $400 in an emergency without sliding into debt or selling something, according to the 2017 figures.

The partial government shutdown, which began last Saturday and is temporarily halting pay for some 800,000 federal workers, has touched off a heated discussion on Twitter about what it means to get by in the United States. (President Donald Trump warned this closure could “last a very long time.” )

Even brief income lapses can spell disaster for some households.


https://www.seattletimes.com/nation-world/i-see-no-way-out-living-paycheck-to-paycheck-is-disturbingly-common/
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Living paycheck to paycheck is disturbingly common (Original Post) Cattledog Jan 2019 OP
It's probably closer to 60%. rogerashton Jan 2019 #1
I agree Sherman A1 Jan 2019 #2
The transfer of wealth continues to a very small group while democratisphere Jan 2019 #3

rogerashton

(3,920 posts)
1. It's probably closer to 60%.
Tue Jan 1, 2019, 08:08 AM
Jan 2019

Some don't realize, or don't want to admit it, perhaps -- but the economic statistics seem to work a little better if the proportion of "hand-to-mouth" consumers is about 60%.

democratisphere

(17,235 posts)
3. The transfer of wealth continues to a very small group while
Tue Jan 1, 2019, 09:19 AM
Jan 2019

more and more of the masses continue to struggle. It is never enough for the greedmongering f'ers!

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