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60% of Americans are living paycheck to paycheck, Report says

77 点作者 safaa1993超过 1 年前

10 条评论

codeTired超过 1 年前
It’s most likely a mix of things. Life in US is really fucking expensive once you have a child and a home.<p>Our daycare for one kid is $1600. Same as mortgage, luckily we put down a large down payment and bought at low rates.<p>Also, if you have health issue, that also makes things pretty extreme. Healthcare is just brutal in US for low income people. Insurance can cost anywhere from $0 to $3000+. Depending on employment and family situation.<p>Personal finance education is also pretty bad. I know many people who are absolutely awful with finances and don’t do basic math. They don’t think how money can generate more money but what they can buy. 20% of luxury goods buyers are making under $50k. This isn’t always the case though.<p>If you make little money and don’t have connections it is really hard to get ahead. Once you start using credit cards and loans to eat and pay for housing the finance charges eat you alive.<p>I was pretty poor and even used food stamps when I went back to school in my 20s. It wasn’t until I made connections with people in high places when getting jobs and opportunities became easy. I’m lazier than I was before, I work less than I worked before, yet make much more money.
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ge96超过 1 年前
I&#x27;m one baby... dumb choices, even hitting 6 figs, still poor&#x2F;in debt ha. I did give some away though so wasn&#x27;t just being wasteful. But I forgot my place considering I&#x27;ve been in debt since 2010.
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deterministic超过 1 年前
The majority of people spend way more than they can afford on things they don’t need. I make good money and live in a very expensive city. But I still try to live as minimalistic as possible. Putting as much as I can into assets that generate money I can then reinvest.<p>I completely changed my understanding of how to handle money after reading the book “Rich dad, Poor dad”. I highly recommend it. The only thing I regrets is not reading it much earlier. It would have made an even bigger difference to my financial situation.
friend_and_foe超过 1 年前
It&#x27;s fun isn&#x27;t it? &quot;Stimulate spending&quot; and then complain that nobody is saving money. It&#x27;s the game: complain that Americans are living paycheck to paycheck, get elected, turn around and debase the currency to &quot;stimulate the economy&quot;, rinse and repeat.
jt2190超过 1 年前
The actual report:<p><a href="https:&#x2F;&#x2F;www.pymnts.com&#x2F;study&#x2F;reality-check-paycheck-to-paycheck-holiday-shopping-credit-financing&#x2F;" rel="nofollow noreferrer">https:&#x2F;&#x2F;www.pymnts.com&#x2F;study&#x2F;reality-check-paycheck-to-paych...</a>
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gumballindie超过 1 年前
Wondering how the situation looks like in the uk. The country is basically in limp mode.
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user568439超过 1 年前
I never understood people living like this. I’ve never lived paycheck to paycheck even though with my first job as SWE 1 month after my graduation I was earning 900€ a month. I went to live on my own because it was in another city and of course I had to share apartment with more people during 5 with years. I did that until I had a salary where the rent for living alone in a place I liked was below 30% of my netto salary.<p>The only debt I ever had is my mortgage and I have savings to cover for at least 3 years without working. Without counting that I would get unemployment plus some other investments that would protect me more.<p>All this lifestyle didn’t stop me from traveling a lot (sometimes for months) and having nice things. But except for the home down payment, I never spent more in a year than I earned.<p>But I also admit that I missed a lot of good investment opportunities due to my risk aversion
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asylteltine超过 1 年前
Considering how I see people spending money in the mall, I’m not surprised
dangus超过 1 年前
I feel like this is not a very useful article without a comparison to data over time.<p>I also think we could turn the numbers optimistic and say that 40% of Americans <i>not</i> living paycheck-to-paycheck is pretty impressive.<p>Finally, I think if you ask the question &quot;are you worried about finances?&quot; of course most people are going to say &quot;yes.&quot;
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badrabbit超过 1 年前
Don&#x27;t have kids before 30 and well esrablished financially or get credit cards (ever!). avoid driving or owning cars as much as possible (city with subway, remote work and biking,etc...). Avoid illegal drugs.<p>I have seen people pay a hefty price for all these things.<p>For all the complaints americans have, especially to our EU friends certain things should be clarified: if you get sick you can get treated for free in a timely manner and get worldclass care, if you can&#x27;t afford the bill (which is assuming the insurance company will pay, so the amount is always insane) you can ignore the bill and you will be fine, I have seen people do this without a problem, you don&#x27;t even have to give your real name unless you have a gunshot wound or a stabbing. You have to try hard to lack so much food that you become malnourished in the US, even if you have no job and you are living on the streets. Even in expensive places you can have three meals a day with less than $10 (povery line is like $20k&#x2F;yr, $10&#x2F;day is $3600&#x2F;yr). Shelter is what is usually hard, especially if you&#x27;re picky (reasonable) but the US is so big there are many choices but even as a homeless most go to california for the year round nice weather so they can camp there.<p>I only stated this because it might sound like people are living this way to meet basic needs and in some cases like when they have children but not enough income or fall for the scam that is credit cards and pay day loans they fall into a trap. Cars have a crippling effect economically but smart people get used&#x2F;cheap toyota&#x2F;honda and never drive them outside of commute and grocery shopping, but still just your car parked costs insurance, maintenance, parking fees,etc...<p>A nationwide problem I have seen is how easy it is for americans to get complacent because all their needs are met. Especially if you have a drug problem (including nicotine and alcohol). It&#x27;s only a problem if you have a solution I guess, and obligatory: it&#x27;s expensive being poor. How can I put it? You know how in the military they say &quot;if you get shot, don&#x27;t die&quot;, it&#x27;s sort of like that, &quot;if you&#x27;re poor living pay check to paycheck, don&#x27;t get broke&quot; (liquidity trumps all!).
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