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in Economy
You Won’t Believe How Many Americans Are Living Paycheck To Paycheck
Rebel Capitalist
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I can believe it, nothing new. It is by choice haha
Good looking 🤣
75% are living from paycheck to paycheck
Imagine thinking putting everyone on government unemployment reduces inflation when we have to borrow money to pay for unemployment benefits.
Who has nothing will have everything taken.
And yet airplanes are sold out including First Class seats. Stores packed. Every third car where I live is a BMW, Mercedes or Lexus. …. and so on. Crazy.
I wish our leaders would reduce inflation by targeting people with more to lose. People with 100 homes, companies with thousands of residential properties. But just like in the Bible we're taking a man's only sheep to deal with a problem the top created and benefited from.
This reminds me of those funny video clips of delusional girls saying they want a man that makes $500K, but I guess they weren't delusional at all. They're pretty realistic, we going to need to make $500 to survive soon.
Everything be fine as long as I be gettin muh free gimme dats from da government
We should be teaching personal finance instead of confusing kids with gender pedo stuff in school.
So what you are trying to say is. If and when the economy collapses. Everyone is dead!?!?
Minimum wage in 1963 was $1.25. that's 5 silver quarters, which today, would is worth $22.15 (4.43 a pop). The debasement of our currency along with other demographic shifts in the labor market has destroyed the working class and enriched the oligarchs
If we in the USA have inflation to the level Me%1co-had-in-the70$…It will-be a humbling-experience….😮
High Interest rates create Higher Unemployment because Zombie Businesses fail. Nothing wrong with that. Jerome Powell is the Man!
Physical silver and xrp
Lock the Doors! We've been robbed!
Reducing inflation does not reduce prices. It just reduces the rate of price increase
Salaries are WAY BEHIND!!!! and if it wasn't for minimum wage laws it would be even more behind!!
Wake me up when things really crash. That is, when Vegas is completely empty, attendance at baseball and football games are maybe 25%, LA and NYC traffic disappear, and delinquencies exceed 2008 levels. Until then, this is nothing
Yes!! 61% has been around for a bit now.
Lucky us, my business is down 50%
My guess is this is pretty much the standard amount of people in the United States live paycheck to paycheck. It doesn’t matter how much they make. They spend it all.
This just means win 61% of these people have to start paying their student loans that’s directly gonna affect the economy
My household income is nearly $300k pretax in California and I'm actually surprised anyone making under $50k isn't living paycheck to paycheck. Maybe seniors who bought their house 40 years ago and paid it off over a decade ago. Half my income goes to taxes (federal, social security, medicare, state, property, sales tax, other misc.) and then about $2k/month for childcare and then you've got insurance premiums, 401k, car payments, etc. House payments are easily $4-6k/month (principle, interest, tax, insurance) plus maintenance for a decent house unless you bought years ago (median home price in Cali is around $800k), worse now with higher mortgage rates. Utilities run around $600/month for cell phone, internet, water, sewage, garbage, electricity), car insurance, gas is nearly $6/gallon here and I have to commute pretty far to work. My pay checks are gone every month. I haven't a clue how people making $3k/month after taxes do it.
It was mind blowing seeing frineds get a stimi check for 2k and think it was a good idea to buy a pontoonand boat for 20k each.
I know… I know, past year around February, I traveled to Tampa and found people living in a car, young people. I serve people in NYC and listen to the stories of people.. immigrants, I see, people who live in a room, three adults, unable to pay rent.. it us not new.. it is getting worse… people who has two jobs, etc to make a survival living…
Insurance rates are outrageous. Our truck insurance just went up 50% with no accidents and no claims. 😮
Bloody hell, even the most ignorant bogan tradie (contractor) lives like a king in Australia. You guys suk.
Come on George, dont be jealous of good looks🤝
“Americans are living paycheck to paycheck..” “Americans are stressed out..”
Me: First time?
American here with multiple skills in computer science and engineering. Can't find a job for shit
Don’t forget all the US tax thresholds that aren’t inflation adjusted: Net Investment Income Tax, Obamacare wage surtax, home sale capital gains exclusion, and Social Security benefits tax.
All of these have gone between 10 and 40 years without such adjustments. Medicare IRMAA surcharges are now inflation adjusted, but it wasn’t for its first 10 years.
#Bidenomics is working 🤣😂
I make one twenty a year and I'm living paycheck to paycheck. I have eight kids though. Food prices are killing me
People living paycheck to paycheck over a $100k are the reason for prices rising, they need to reign in their conspicuous spending. Ill feel more sorry for someone working fulltime and earning minimum wage.
I agree George but it may be very probable that extreme pressure is being brought to bear on the Fed Reserve by other Central Banks and Governments to increase the pressure on interest rates to force Globalism and Bring down the standard of living of Americans because so many other country's peoples are jealous. Europe has long been jealous and been in a fight with American Banks to Out leverage Americans banks and Get greater returns somehow on the Chunnel and Other mega projects Like from Italy to Switzerland and Across to Denmark and High speed rail initiatives. This War has been going on for a long time and it is at its terminal point. The Demoncratic[sic] Controlled Federal reserve is causing the American Economy to Collapse into a Depression and Force the Great Reset and New World Order to placate the world to supposedly solve the crisis.
If that were true the highways would be packed with broken down cars.
@2:20 When the unemployment rate goes up, the number of people living paycheck to paycheck will actually decrease, not increase; since there will be no paycheck to begin with.
Anybody who's making a 100K year and living pay check to pay check the bottom line, their living standard, and living expenses will have to change whether they like it or not!
The worrisome part about all this is really the reaction of the public at large. People are certainly not happy, and peasants with pitchforks can be a very persuasive thing. I don't mean persuasive in a good way, because I think what will happen is that government will start to come after anybody with savings. Right now they coming after people with income, but if you have money in the bank, or in any other, redistribution will not be your friend.