Current Events > 60% of Americans are living paycheck to paycheck

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BlueTigerLion 09/30/22 9:43:08 AM #1:	https://www.cnbc.com/2022/09/30/stubborn-inflation-forces-more-americans-to-live-paycheck-to-paycheck-.html Almost everyone has felt the sting of rising prices. As of August, 60% of Americans were living paycheck to paycheck, according to a recent LendingClub report a number that hasnt budged much since inflation hit 40-year highs. A year ago, the number of adults who felt stretched too thin was closer to 55%. Even high-income earners are feeling the strain, the report found. Of those earning more than six figures, 45% reported living paycheck to paycheck, a jump from the previous years 38%. More consumers living paycheck to paycheck indicates that many are continuing to lose their financial stability, said Anuj Nayar, LendingClubs financial health officer. A separate report by Bank of America found that 71% of workers feel their pay isnt keeping up with the cost of living, bringing the number of people who feel financially secure to a five-year low. Many Americans are dipping into their cash reserves, and nearly half are falling deeper in debt. --- Hey now. <cite>BlueTigerLion posted [p:968394392] in 60% of Ame... [t:80182954]...</cite> <quote>https://www.cnbc.com/2022/09/30/stubborn-inflation-forces-more-americans-to-live-paycheck-to-paycheck-.htmlAlmost everyone has felt the sting of rising prices. As of August, 60% of Americans were living paycheck to paycheck, according to a recent LendingClub report a number that hasnt budged much since inflation hit 40-year highs. A year ago, the number of adults who felt stretched too thin was closer to 55%. Even high-income earners are feeling the strain, the report found. Of those earning more than six figures, 45% reported living paycheck to paycheck, a jump from the previous years 38%. More consumers living paycheck to paycheck indicates that many are continuing to lose their financial stability, said Anuj Nayar, LendingClubs financial health officer. A separate report by Bank of America found that 71% of workers feel their pay isnt keeping up with the cost of living, bringing the number of people who feel financially secure to a five-year low. Many Americans are dipping into their cash reserves, and nearly half are falling deeper in debt.</quote> ... Copied to Clipboard!
bluezero 09/30/22 9:43:58 AM #2:	Because CEOs are giant pricks that keep all the money for themselves. --- i7-12700F - 3080 - 32GB 3200 - 1440p Ultrawide <cite>bluezero posted [p:968394405] in 60% of Ame... [t:80182954]...</cite> <quote>Because CEOs are giant pricks that keep all the money for themselves.</quote> ... Copied to Clipboard!
Mia_K97 09/30/22 9:44:05 AM #3:	pay me more <cite>Mia_K97 posted [p:968394410] in 60% of Ame... [t:80182954]...</cite> <quote>pay me more</quote> ... Copied to Clipboard!
--Zero- 09/30/22 9:45:21 AM #4:	bluezero posted... Because CEOs are giant pricks that keep all the money for themselves. Mia_K97 posted... pay me more Its really not about the wages. The problem is the housing market and rent prices. The cost of food doesnt help either. --- This used to be a worthy sig <cite>--Zero- posted [p:968394430] in 60% of Ame... [t:80182954]...</cite> <quote>bluezero posted... </cite><quote>Because CEOs are giant pricks that keep all the money for themselves.</quote>Mia_K97 posted... </cite><quote>pay me more</quote>Its really not about the wages. The problem is the housing market and rent prices. The cost of food doesnt help either. </quote> ... Copied to Clipboard!
specialkid8 09/30/22 9:46:51 AM #5:	I know there's plenty of extenuating circumstances but I work a barely above minimum wage manual labor job and have 10s of thousands in savings alone. What are these people doing? --- https://i.imgur.com/AUXKMK4.jpg <cite>specialkid8 posted [p:968394446] in 60% of Ame... [t:80182954]...</cite> <quote>I know there's plenty of extenuating circumstances but I work a barely above minimum wage manual labor job and have 10s of thousands in savings alone. What are these people doing? </quote> ... Copied to Clipboard!
Error1355 09/30/22 9:46:51 AM #6:	I mean the top 1% has like 2/3rds of all the wealth in this country. It's fucked. --- I'm a long, long way from giving up Call me old-fashioned, call me a fool <cite>Error1355 posted [p:968394448] in 60% of Ame... [t:80182954]...</cite> <quote>I mean the top 1% has like 2/3rds of all the wealth in this country.It's fucked.</quote> ... Copied to Clipboard!
MaxEffingBemis 09/30/22 9:46:54 AM #7:	--Zero- posted... Its really not about the wages. The problem is the housing market and rent prices. The cost of food doesnt help either. Nah its about the wages too in conjunction with all the other stuff --- She took pity on me, horizontally, but most likely because of my band <cite>MaxEffingBemis posted [p:968394449] in 60% of Ame... [t:80182954]...</cite> <quote>--Zero- posted... </cite><quote>Its really not about the wages. The problem is the housing market and rent prices. The cost of food doesnt help either.</quote>Nah its about the wages too in conjunction with all the other stuff </quote> ... Copied to Clipboard!
Error1355 09/30/22 9:47:27 AM #8:	specialkid8 posted... I know there's plenty of extenuating circumstances but I work a barely above minimum wage manual labor job and have 10s of thousands in savings alone. What are these people doing? Could be as simple as a single visit to the ER that wiped them out. --- I'm a long, long way from giving up Call me old-fashioned, call me a fool <cite>Error1355 posted [p:968394456] in 60% of Ame... [t:80182954]...</cite> <quote>specialkid8 posted... </cite><quote>I know there's plenty of extenuating circumstances but I work a barely above minimum wage manual labor job and have 10s of thousands in savings alone. What are these people doing?</quote>Could be as simple as a single visit to the ER that wiped them out.</quote> ... Copied to Clipboard!
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Payzmaykr 09/30/22 9:48:21 AM #10:	I dont buy that. More like 85%. --- So long, Thanks for all the fish! <cite>Payzmaykr posted [p:968394470] in 60% of Ame... [t:80182954]...</cite> <quote>I dont buy that. More like 85%. </quote> ... Copied to Clipboard!
RchHomieQuanChi 09/30/22 9:48:37 AM #11:	The American Dream, y'all! --- I have nothing else to say <cite>RchHomieQuanChi posted [p:968394474] in 60% of Ame... [t:80182954]...</cite> <quote>The American Dream, y'all!</quote> ... Copied to Clipboard!
Jupiter 09/30/22 9:49:09 AM #12:	--Zero- posted... Its really not about the wages. The problem is the housing market and rent prices. The cost of food doesnt help either. And how do you think people would be able to keep up? With higher wages of course. --- Twitch: https://www.twitch.tv/kid_prodigy23 <cite>Jupiter posted [p:968394486] in 60% of Ame... [t:80182954]...</cite> <quote>--Zero- posted... </cite><quote>Its really not about the wages. The problem is the housing market and rent prices. The cost of food doesnt help either.</quote>And how do you think people would be able to keep up? With higher wages of course.</quote> ... Copied to Clipboard!
--Zero- 09/30/22 9:50:53 AM #13:	[LFAQs-redacted-quote] I agree to some extent, but also if the cost of living and food didnt go up so high then the minimum wage wouldnt need to be adjusted either. Weve gotten to the point that if wages went up then so would the cost of living because of greed alone. I really wish our governments or states had more control over the housing and rental market. --- This used to be a worthy sig <cite>--Zero- posted [p:968394523] in 60% of Ame... [t:80182954]...</cite> <quote><cite>[LFAQs-redacted-quote]</cite> I agree to some extent, but also if the cost of living and food didnt go up so high then the minimum wage wouldnt need to be adjusted either. Weve gotten to the point that if wages went up then so would the cost of living because of greed alone. I really wish our governments or states had more control over the housing and rental market. </quote> ... Copied to Clipboard!
bluezero 09/30/22 9:54:21 AM #14:	specialkid8 posted... I know there's plenty of extenuating circumstances but I work a barely above minimum wage manual labor job and have 10s of thousands in savings alone. What are these people doing? Living in places where the cost of living is higher Having medical conditions etc. Not everyone is poor for being stupid with money. --- i7-12700F - 3080 - 32GB 3200 - 1440p Ultrawide <cite>bluezero posted [p:968394598] in 60% of Ame... [t:80182954]...</cite> <quote>specialkid8 posted... </cite><quote>I know there's plenty of extenuating circumstances but I work a barely above minimum wage manual labor job and have 10s of thousands in savings alone. What are these people doing?</quote>Living in places where the cost of living is higherHaving medical conditionsetc.Not everyone is poor for being stupid with money.</quote> ... Copied to Clipboard!
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AdrianBeterson 09/30/22 9:57:53 AM #16:	Probably because of shit like this: https://gamefaqs.gamespot.com/boards/400-current-events/80182384 --- https://imgur.com/EvtcK3P <cite>AdrianBeterson posted [p:968394646] in 60% of Ame... [t:80182954]...</cite> <quote>Probably because of shit like this:https://gamefaqs.gamespot.com/boards/400-current-events/80182384</quote> ... Copied to Clipboard!
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VIXVLV 09/30/22 10:06:13 AM #18:	Kind reminder that living paycheck to paycheck is a shitty indicator of how well you are doing. Which is why the number is so high. Living to your maximum means is what many, many people in the middle and upper middle class do. --- COVxy alt <cite>VIXVLV posted [p:968394771] in 60% of Ame... [t:80182954]...</cite> <quote>Kind reminder that living paycheck to paycheck is a shitty indicator of how well you are doing.Which is why the number is so high. Living to your maximum means is what many, many people in the middle and upper middle class do.</quote> ... Copied to Clipboard!
Letron_James 09/30/22 10:06:36 AM #19:	[LFAQs-redacted-quote] Seriously. Wages have barely increased since the 90s overall and yet inflation and cost of living wayyy outscales the additional money. It's such a trickle down economics point of view, Reagan really was the absolute worst thing to ever happen to this country. --- Ask me if I would eat da booty. <cite>Letron_James posted [p:968394777] in 60% of Ame... [t:80182954]...</cite> <quote><cite>[LFAQs-redacted-quote]</cite> Seriously. Wages have barely increased since the 90s overall and yet inflation and cost of living wayyy outscales the additional money. It's such a trickle down economics point of view, Reagan really was the absolute worst thing to ever happen to this country.</quote> ... Copied to Clipboard!
Dat_Cracka_Jax 09/30/22 10:17:50 AM #20:	--Zero- posted... Its really not about the wages. The problem is the housing market and rent prices. The cost of food doesnt help either. What percent of people are home owners? Cost of housing going up didn't effect me as a homeowner since my monthly mortgage remains unchanged --- http://img826.imageshack.us/img826/8131/flame201010170949481638.jpg http://img705.imageshack.us/img705/5517/cateyes.gif Rams: 7-9 <cite>Dat_Cracka_Jax posted [p:968394962] in 60% of Ame... [t:80182954]...</cite> <quote>--Zero- posted... </cite><quote>Its really not about the wages. The problem is the housing market and rent prices. The cost of food doesnt help either.</quote>What percent of people are home owners? Cost of housing going up didn't effect me as a homeowner since my monthly mortgage remains unchanged</quote> ... Copied to Clipboard!
AP3Brain 09/30/22 10:23:07 AM #21:	--Zero- posted... Its really not about the wages. The problem is the housing market and rent prices. The cost of food doesnt help either. The fuck you say? It's about all those things INCLUDING wages. General wages have been stagnant for decades despite record high production and profits. <cite>AP3Brain posted [p:968395047] in 60% of Ame... [t:80182954]...</cite> <quote>--Zero- posted... </cite><quote>Its really not about the wages. The problem is the housing market and rent prices. The cost of food doesnt help either.</quote>The fuck you say? It's about all those things INCLUDING wages. General wages have been stagnant for decades despite record high production and profits.</quote> ... Copied to Clipboard!
thronedfire2 09/30/22 10:31:18 AM #22:	specialkid8 posted... I know there's plenty of extenuating circumstances but I work a barely above minimum wage manual labor job and have 10s of thousands in savings alone. What are these people doing? theyre not lying their asses off for starters --- I could see you, but I couldn't hear you You were holding your hat in the breeze Turning away from me In this moment you were stolen... <cite>thronedfire2 posted [p:968395181] in 60% of Ame... [t:80182954]...</cite> <quote>specialkid8 posted... </cite><quote>I know there's plenty of extenuating circumstances but I work a barely above minimum wage manual labor job and have 10s of thousands in savings alone. What are these people doing?</quote>theyre not lying their asses off for starters </quote> ... Copied to Clipboard!
ColdRainAndSnow 09/30/22 10:32:07 AM #23:	And the richer get even richer, the poorer we are the richer they get. Jeff Bezos the second richest man in the world owns a lot Amazon, he also invested big time in a company that rents out single family homes. Oh, he aint stopping until every man, woman and child is taxed by him. --- Subscribe to The Young Turks www.twitch.tv/tyt <cite>ColdRainAndSnow posted [p:968395194] in 60% of Ame... [t:80182954]...</cite> <quote>And the richer get even richer, the poorer we are the richer they get.Jeff Bezos the second richest man in the world owns a lot Amazon, he also invested big time in a company that rents out single family homes. Oh, he aint stopping until every man, woman and child is taxed by him. </quote> ... Copied to Clipboard!
Questionmarktarius 09/30/22 10:32:56 AM #24:	ColdRainAndSnow posted... Jeff Bezos the second richest man in the world owns a lot Amazon, he also invested big time in a company that rents out single family homes. this is the best way to play Fable 3, incidentally. <cite>Questionmarktarius posted [p:968395209] in 60% of Ame... [t:80182954]...</cite> <quote>ColdRainAndSnow posted... </cite><quote>Jeff Bezos the second richest man in the world owns a lot Amazon, he also invested big time in a company that rents out single family homes.</quote>this is the best way to play Fable 3, incidentally.</quote> ... Copied to Clipboard!
omniryu 09/30/22 10:44:45 AM #25:	specialkid8 posted... I know there's plenty of extenuating circumstances but I work a barely above minimum wage manual labor job and have 10s of thousands in savings alone. What are these people doing? Do you live with family? Do you have government assistance? There's more to what you're saying. --- PSN/XBL: OMNIRYU; Rooting for Zio to find love and Switch FC: 5419 6809 0486 friendship <cite>omniryu posted [p:968395390] in 60% of Ame... [t:80182954]...</cite> <quote>specialkid8 posted... </cite><quote>I know there's plenty of extenuating circumstances but I work a barely above minimum wage manual labor job and have 10s of thousands in savings alone. What are these people doing?</quote>Do you live with family? Do you have government assistance? There's more to what you're saying. </quote> ... Copied to Clipboard!
FortuneCookie 09/30/22 11:04:01 AM #26:	Corporations: "We're two-thirds of the way there. We'll soon have 90% living paycheck to paycheck." <cite>FortuneCookie posted [p:968395755] in 60% of Ame... [t:80182954]...</cite> <quote>Corporations: "We're two-thirds of the way there. We'll soon have 90% living paycheck to paycheck."</quote> ... Copied to Clipboard!
PrettyBoyFloyd 09/30/22 11:04:49 AM #27:	Just become a CEO. --- The Evil Republicans - Est.2004 - WoT [Government Destabilizing Branch] <cite>PrettyBoyFloyd posted [p:968395774] in 60% of Ame... [t:80182954]...</cite> <quote>Just become a CEO.</quote> ... Copied to Clipboard!
ElatedVenusaur 09/30/22 11:09:25 AM #28:	AP3Brain posted... The fuck you say? It's about all those things INCLUDING wages. General wages have been stagnant for decades despite record high production and profits. Real wages have actually declined. This is all because our economy has continued to grow, it's just more and more of the proceeds of that growth rest in the pockets of fewer and fewer people. It's the natural consequence of ever-widening economic inequality. Unless decisive steps are taken - and quickly - the standard of living for most Americans will continue to decline. I'm talking not only a drastic increase in the minimum wage, but also in taxes on the wealthy. And universal healthcare and decisive steps to control out-of-control price inflation in sectors like housing and education. Throw in anti-climate change effort and you have an agenda whose breadth hasn't been seen since LBJ's Great Society, but more likely since FDR's New Deal. --- I'm Queen of Tomorrow baby! Remember: heat from fire, fire from heat! She/her <cite>ElatedVenusaur posted [p:968395876] in 60% of Ame... [t:80182954]...</cite> <quote>AP3Brain posted... </cite><quote>The fuck you say? It's about all those things INCLUDING wages. General wages have been stagnant for decades despite record high production and profits.</quote>Real wages have actually declined.This is all because our economy has continued to grow, it's just more and more of the proceeds of that growth rest in the pockets of fewer and fewer people. It's the natural consequence of ever-widening economic inequality. Unless decisive steps are taken - and quickly - the standard of living for most Americans will continue to decline. I'm talking not only a drastic increase in the minimum wage, but also in taxes on the wealthy. And universal healthcare and decisive steps to control out-of-control price inflation in sectors like housing and education. Throw in anti-climate change effort and you have an agenda whose breadth hasn't been seen since LBJ's Great Society, but more likely since FDR's New Deal.</quote> ... Copied to Clipboard!
Will_VIIII 09/30/22 11:12:56 AM #29:	Error1355 posted... I mean the top 1% has like 2/3rds of all the wealth in this country. It's fucked. Last I checked it was 90% --- "Do not speak to fools, for they will scorn your prudent words." - Proverbs 23:9. Antivaxxers are objectively stupid people. <cite>Will_VIIII posted [p:968395941] in 60% of Ame... [t:80182954]...</cite> <quote>Error1355 posted... </cite><quote>I mean the top 1% has like 2/3rds of all the wealth in this country.It's fucked.</quote>Last I checked it was 90%</quote> ... Copied to Clipboard!
Questionmarktarius 09/30/22 11:17:01 AM #30:	ElatedVenusaur posted... This is all because our economy has continued to grow, it's just more and more of the proceeds of that growth rest in the pockets of fewer and fewer people. It's the natural consequence of ever-widening economic inequality. It's more because every other country has grown an economy since the 1960s, and labor is way the hell cheaper in Bangladesh and Vietnam. <cite>Questionmarktarius posted [p:968396026] in 60% of Ame... [t:80182954]...</cite> <quote>ElatedVenusaur posted... </cite><quote>This is all because our economy has continued to grow, it's just more and more of the proceeds of that growth rest in the pockets of fewer and fewer people. It's the natural consequence of ever-widening economic inequality.</quote>It's more because every other country has grown an economy since the 1960s, and labor is way the hell cheaper in Bangladesh and Vietnam.</quote> ... Copied to Clipboard!
GrandConjuraton 09/30/22 11:20:07 AM #31:	bluezero posted... Because CEOs are giant pricks that keep all the money for themselves. --- Fading out, fading alone; as we speak, we turn to stone. https://imgur.com/o21DN7r <cite>GrandConjuraton posted [p:968396079] in 60% of Ame... [t:80182954]...</cite> <quote>bluezero posted... </cite><quote>Because CEOs are giant pricks that keep all the money for themselves.</quote></quote> ... Copied to Clipboard!
specialkid8 09/30/22 11:23:37 AM #32:	thronedfire2 posted... theyre not lying their asses off for starters wut --- https://i.imgur.com/AUXKMK4.jpg <cite>specialkid8 posted [p:968396152] in 60% of Ame... [t:80182954]...</cite> <quote>thronedfire2 posted... </cite><quote>theyre not lying their asses off for starters</quote>wut</quote> ... Copied to Clipboard!
VIXVLV 09/30/22 11:27:50 AM #33:	Peeps really running with it. --- COVxy alt <cite>VIXVLV posted [p:968396248] in 60% of Ame... [t:80182954]...</cite> <quote>Peeps really running with it.</quote> ... Copied to Clipboard!
Mia_K97 09/30/22 11:51:53 AM #34:	specialkid8 posted... I know there's plenty of extenuating circumstances but I work a barely above minimum wage manual labor job and have 10s of thousands in savings alone. What are these people doing? Not everyone lives at home like you <cite>Mia_K97 posted [p:968396695] in 60% of Ame... [t:80182954]...</cite> <quote>specialkid8 posted... </cite><quote>I know there's plenty of extenuating circumstances but I work a barely above minimum wage manual labor job and have 10s of thousands in savings alone. What are these people doing?</quote>Not everyone lives at home like you</quote> ... Copied to Clipboard!
specialkid8 09/30/22 12:02:09 PM #35:	Mia_K97 posted... Not everyone lives at home like you I don't think most homeless people are worried about living paycheck to paycheck. --- https://i.imgur.com/AUXKMK4.jpg <cite>specialkid8 posted [p:968396896] in 60% of Ame... [t:80182954]...</cite> <quote>Mia_K97 posted... </cite><quote>Not everyone lives at home like you</quote>I don't think most homeless people are worried about living paycheck to paycheck. </quote> ... Copied to Clipboard!
Prestoff 09/30/22 12:12:28 PM #36:	specialkid8 posted... I know there's plenty of extenuating circumstances but I work a barely above minimum wage manual labor job and have 10s of thousands in savings alone. What are these people doing? For most people in that position, like me, we had a head start. I got into a high paying job straight out of graduating college in the financial industry and learned about passive income, hence why I have plenty in my savings account just for emergency but for many they're not that lucky. I had a friend who saved up way more money than me, then he got a heart attack and had to go to ER that basically ate up all of his savings. I'm just saying, asking why people aren't as lucky as you when it comes to financial situation is doing yourself less favors. --- DI MOLTO! <cite>Prestoff posted [p:968397079] in 60% of Ame... [t:80182954]...</cite> <quote>specialkid8 posted... </cite><quote>I know there's plenty of extenuating circumstances but I work a barely above minimum wage manual labor job and have 10s of thousands in savings alone. What are these people doing?</quote>For most people in that position, like me, we had a head start. I got into a high paying job straight out of graduating college in the financial industry and learned about passive income, hence why I have plenty in my savings account just for emergency but for many they're not that lucky. I had a friend who saved up way more money than me, then he got a heart attack and had to go to ER that basically ate up all of his savings. I'm just saying, asking why people aren't as lucky as you when it comes to financial situation is doing yourself less favors. </quote> ... Copied to Clipboard!
Mia_K97 09/30/22 12:13:34 PM #37:	specialkid8 posted... I don't think most homeless people are worried about living paycheck to paycheck. So you think everyone should be homeless to save money? <cite>Mia_K97 posted [p:968397100] in 60% of Ame... [t:80182954]...</cite> <quote>specialkid8 posted... </cite><quote>I don't think most homeless people are worried about living paycheck to paycheck.</quote>So you think everyone should be homeless to save money?</quote> ... Copied to Clipboard!
Mia_K97 09/30/22 12:16:39 PM #38:	Prestoff posted... For most people in that position, like me, we had a head start. I got into a high paying job straight out of graduating college in the financial industry and learned about passive income, hence why I have plenty in my savings account just for emergency but for many they're not that lucky. I had a friend who saved up way more money than me, then he got a heart attack and had to go to ER that basically ate up all of his savings. I'm just saying, asking why people aren't as lucky as you when it comes to financial situation is doing yourself less favors. I lost 20k (all of my savings) to get my job that pays 200k lol. People act like high paying jobs require no investment to get them. There are exceptions to the rule, but you will more than likely need a MBA to get that high paying management job that's above a Team lead. <cite>Mia_K97 posted [p:968397163] in 60% of Ame... [t:80182954]...</cite> <quote>Prestoff posted... </cite><quote>For most people in that position, like me, we had a head start. I got into a high paying job straight out of graduating college in the financial industry and learned about passive income, hence why I have plenty in my savings account just for emergency but for many they're not that lucky. I had a friend who saved up way more money than me, then he got a heart attack and had to go to ER that basically ate up all of his savings. I'm just saying, asking why people aren't as lucky as you when it comes to financial situation is doing yourself less favors.</quote>I lost 20k (all of my savings) to get my job that pays 200k lol. People act like high paying jobs require no investment to get them. There are exceptions to the rule, but you will more than likely need a MBA to get that high paying management job that's above a Team lead. </quote> ... Copied to Clipboard!
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Will_VIIII 09/30/22 12:21:18 PM #40:	56% of Americans can't even afford a $1000 emergency on the spot. --- "Do not speak to fools, for they will scorn your prudent words." - Proverbs 23:9. Antivaxxers are objectively stupid people. <cite>Will_VIIII posted [p:968397252] in 60% of Ame... [t:80182954]...</cite> <quote>56% of Americans can't even afford a $1000 emergency on the spot.</quote> ... Copied to Clipboard!
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Current Events > 60% of Americans are living paycheck to paycheck (+) Yeah! (+)

Current Events > 60% of Americans are living paycheck to paycheck