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76% of Americans are living paycheck-to-paycheck
CNN Money ^ | June 24, 2013 | Angela Johnson

Posted on 06/24/2013 10:11:12 AM PDT by rightwingintelligentsia

Roughly three-quarters of Americans are living paycheck-to-paycheck, with little to no emergency savings, according to a survey released by Bankrate.com Monday.

Fewer than one in four Americans have enough money in their savings account to cover at least six months of expenses, enough to help cushion the blow of a job loss, medical emergency or some other unexpected event, according to the survey of 1,000 adults. Meanwhile, 50% of those surveyed have less than a three-month cushion and 27% had no savings at all.

--snip--

Last week, online lender CashNetUSA said 22% of the 1,000 people it recently surveyed had less than $100 in savings to cover an emergency, while 46% had less than $800. After paying debts and taking care of housing, car and child care-related expenses, the respondents said there just isn't enough money left over for saving more.

(Excerpt) Read more at money.cnn.com ...


TOPICS: Business/Economy
KEYWORDS: 113th; bho44; bhoeconomy; economy; emergencysavings; paychecktopaycheck; poverty; savings
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1 posted on 06/24/2013 10:11:12 AM PDT by rightwingintelligentsia
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To: rightwingintelligentsia

Now that’s what I call “Progressive”. Ain’t progress grand?


2 posted on 06/24/2013 10:12:10 AM PDT by yobid (Catastrophic failure is the only pathway for improvement)
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To: rightwingintelligentsia

Economy, finance not taught from junior high. PLUS, the Federal Government and OBAMA WANT it this way. They want a nation of idiots, who cannot fend for themselves, and must suck on the bureaucratic teat of Washington DC to survive, to live as modern day serfs serving a megalomaniac.


3 posted on 06/24/2013 10:12:43 AM PDT by AmericanInTokyo (Kim Jong Un won't have a single "bad underwear day" unless/until we've a patriot in the White House)
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To: AmericanInTokyo

You are correct. Bath House Barry despises savers and those who can fend for themselves. “Bitter clingers” he calls us.


4 posted on 06/24/2013 10:13:53 AM PDT by fwdude ( You cannot compromise with that which you must defeat.)
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To: yobid
So Obama and democrats want to pass an Amnesty bill that will give 30 million illegals Amnesty and allow them to bring in their extended family from the 3rd world to take what money and job we have left.

call to stop the Amnesty bill

5 posted on 06/24/2013 10:14:45 AM PDT by Democrat_media (IRS rigged election for Obama and democrats by shutting down tea party)
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To: rightwingintelligentsia

Probably closer to 95%. Rich people spend their money, too. Their mortgages are 10 times mine and their cars are BMW’s and jags...not a 10 year old Toyota.


6 posted on 06/24/2013 10:15:13 AM PDT by Sacajaweau
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To: rightwingintelligentsia

I might add that those who do have money in saving are losing at least 3% of it every day as the interest paid to them is 0.10%, and inflation is 4%.


7 posted on 06/24/2013 10:18:25 AM PDT by Venturer
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To: rightwingintelligentsia

The other 24% are living EBT to EBT card............


8 posted on 06/24/2013 10:18:26 AM PDT by Red Badger (Want to be surprised? Google your own name......Want to have fun? Google your friend's names........)
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To: rightwingintelligentsia

Because they’ve sucked us dry. I’m still paying taxes over a year later to include interest and penalties. Bringing in millions more illegals we’ll have to support will break us.


9 posted on 06/24/2013 10:19:01 AM PDT by bronxville (Margaret Sanger - “We do not want word to go out that we want to exterminate the Negro population,)
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To: rightwingintelligentsia

But they money for liquor, cigarettes, drugs, cable, data plans, iPhones, iPads, and lottery tickets.....


10 posted on 06/24/2013 10:19:52 AM PDT by Kozak (The Republic is dead. I do not owe what we have any loyalty, wealth or sympathy.)
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To: Kozak

But they have...


11 posted on 06/24/2013 10:20:37 AM PDT by Kozak (The Republic is dead. I do not owe what we have any loyalty, wealth or sympathy.)
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To: fwdude

The whole economy is based on people being ignorant.


12 posted on 06/24/2013 10:21:14 AM PDT by dfwgator
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To: Kozak

I wonder how many of them got a large EITC check and what they spent it on?


13 posted on 06/24/2013 10:21:24 AM PDT by Oldexpat
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To: rightwingintelligentsia

...and three quarters of that three quarters probably buy Super Lotto tickets on a regular basis.


14 posted on 06/24/2013 10:21:41 AM PDT by ErnBatavia (Piffle....)
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To: Kozak

Tattoos, can’t forget those.


15 posted on 06/24/2013 10:21:56 AM PDT by Kozak (The Republic is dead. I do not owe what we have any loyalty, wealth or sympathy.)
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To: rightwingintelligentsia

50% of Americans are getting that paycheck for Uncle Sam, so they have nothing to worry about, right?


16 posted on 06/24/2013 10:22:31 AM PDT by SampleMan (Feral Humans are the refuse of socialism.)
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To: rightwingintelligentsia

And thus it’s always been this way...


17 posted on 06/24/2013 10:22:50 AM PDT by Vendome (Don't take life so seriously, you won't live through it anyway)
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To: Kozak

And $2k-a-piece rims on their ghetto cars. A must-have.


18 posted on 06/24/2013 10:24:23 AM PDT by fwdude ( You cannot compromise with that which you must defeat.)
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To: rightwingintelligentsia
76% of Americans are living paycheck-to-paycheck

.....but, it's for the children.

19 posted on 06/24/2013 10:24:31 AM PDT by Puppage (You may disagree with what I have to say, but I shall defend to your death my right to say it)
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To: rightwingintelligentsia

obama/democrats better force these people to buy health insurance...


20 posted on 06/24/2013 10:24:34 AM PDT by MulberryDraw (That which cannot be paid, won't be paid.)
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