You know what would fix this? More military spending.
this post was submitted on 11 Dec 2023
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You’re getting dangerously close to sounding like you don’t support the troops!
Well we certainly shouldn't have a universal healthcare system that would lift people out of medical debt and not tie them to low-paying, menial jobs just to get health insurance.
Because something about invisible hands.
Look, the oil rich countries arent going to discover freedom by themselves
Unions.
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.
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This was a terrific time for us to go down to a single income.
Terrific time for me to get divorced.
And be a single income prior to it.
Alimony is brutal
Lady in the thumbnail got some guns
Srsly. Economics Schmeconomics, whats the tattooed lady’s story?
If she has kids, they gotta be the most well behaved kids in the history of the universe.
Seems like a lowball number actually
Many many people are unemployed and/or homeless, or trapped in debt, which skews the numbers.
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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.
We just had to refinance our mortgage because our credit card debt was out of control and the payments were too high.
But it did nothing to help with student loans or medical debts.
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but someone who would have to sell some stocks or stop retirement contributions might also think of themselves as “paycheck to paycheck.”
And some people think the Earth is flat...
But neither population is statistically significant
Selling my stocks to pay rent would be like selling my car to pay for a bus ticket.
if you need to sell your stocks to receive value from them then you're gambling not investing and I would actually consider that the same shitty situation.
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Still? That number will only grow. Trickle down economics doesn't exist and Americans don't understand what class consciousness is.
Ugh, poor people and their disgusting lifestyle choice of having no money.
Can't they just dip into their trustfunds if they're short?
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Remember this the next time someone says "what the market will bear."
Unchecked capitalism is about aggressively exploiting resources. We, our time, and whatever we posses of value, are all such resources.
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.
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Really need to bring back the 'New Deal' era laws and regulations.
Waiting for raw Capitalism to 'lift all boats' just won't happen, as only the strongest 'boats' survive the storms.
Capitalisms default mode is 'let them eat cake'.
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