Breaking news: in one of the most productive countries / economies in the entire history of humanity, the majority of people creating that productivity do not get to enjoy the rewards of that productivity.
same as it ever was.
damn that person looks swoll while buying chips and syrup?
If only we were back in the good Ole days of 2019 with the economy roaring and 78% of people reporting living paycheck to paycheck according to CareerBuilder.
It’s PROBABLY a measurement problem, not an actual number with insight on how people are living. People self report incorrectly to a lot of things, and paycheck-to-paycheck can mean a lot of things. We think of it as someone who might be homeless without their paycheck but someone who would have to sell some stocks or stop retirement contributions might also think of themselves as “paycheck to paycheck.”
If you are working, your paycheck is probably a big part of your budget. That makes this survey question a bit meaningless.
You’re spot on here. Plenty of people count maxing out their 401k and IRA as “living paycheck to paycheck”, because their budgets would go upside if they missed a paycheck and did literally nothing to cover it.
Combine that with the general bias all people have to view themselves as generally normal and you get a pretty meaningless metric.
but someone who would have to sell some stocks or stop retirement contributions might also think of themselves as “paycheck to paycheck.”
Oh, like I had to do when I moved to another apartment? I had to wipe out my (tiny) Roth IRA just to pay the deposit. My wife had to wipe hers out just to pay the movers and all the other BS fees. We now have no retirement savings and haven’t since we moved six months ago. We both had to stop contributing to our IRAs in order to continue paying the bills. We’re not even paycheck to paycheck at this point, we’re at month to month.
Yeah, I had to empty my 401k to be able to just keep renting and I’ve decided that it’s probably not worth paying towards anymore since by the time I would retire they likely would tell me I need at least 8 times whatever I could afford to put in so I’ll just plan for death as my retirement like Boeing would want.
Pretty much. I’m very much resigned to the fact that I’ll be working well after the standard retirement age and will likely die at work, with nothing but debt to pass on to… nobody because I can’t afford to have children.
Unions and violence are the only reasonable responses.
Ugh, poor people and their disgusting lifestyle choice of having no money.
Can’t they just dip into their trustfunds if they’re short?
Trustfunds? You think every success is a Rockefeller or something? Just ask as family member for a million dollar loan to start a business, that’s how all the modern greats have done it. (/s plz don’t hurt me)
Seems like a lowball number actually
Hey, but everyone, the 1% are doin’ great and Biden needs his re-election, so the economy is super stronk!
How ignorant can a comment even be? I mean just the idea that the current economy and state of wealth inequality is Joe Biden’s fault is astounding. The previous administration gave biggest handout to the 1% of any government in the history of mankind.
But that’s just the history of America for the last 40 years I guess. Republicans administrations gutting things, giving massive handouts to the rich, destroying social safety nets, allowing corruption and fraud to go rampant, etc… then when a democratic administration tries to clean it up just a little bit, to stabilize things, all the mouth breathers suddenly forget everything happened beforehand.
Lots of words by a dolt who just doesn’t get it.
I get it. You voted Hilary. Like a dolt.
Unions.
And violence.
I give 1% to my union. My pay is ~10% better than it would be if we didn’t have it, and management gets in huge trouble if they mistreat workers. And by trouble, I mean they fired a manager when they scheduled a worker over their lunch break.
So you still live paycheck to paycheck, except now you have to trust someone else to negotiate on your behalf instead of negotiating yourself
negotiating yourself
Collective action is the only way to get even remotely close to a fair wage.
You know what would fix this? More military spending.
Still? That number will only grow. Trickle down economics doesn’t exist and Americans don’t understand what class consciousness is.
Lol some clown is removing my comments as “uncivil” in posts about how the wealthy are throwing people into the orphan crushing machine and driving everyone into destitute poverty.
Violence is the only way that rights and freedoms have ever been secured. It has NEVER happened by voting. If you’re too insecure and pussified to recognize this then you should never be allowed anywhere near a mod button.
The French Revolution saw less poverty and less inequality than what exists in modern day America.
Meanwhile, Thomas Paine and any French revolutionary would be banned and censored on this platform today.
The wealthy view this as progress: “we milked more of the production and still have a docile subservient society”
