76% of Americans are living paycheck-to-paycheck

CNN Money ^ | June 24, 2013 | Angela Johnson

[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.

[yobid]

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

[AmericanInTokyo]

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.

[fwdude]

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

[Democrat_media]

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

[Sacajaweau]

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.

[Venturer]

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%.

[Red Badger]

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

[bronxville]

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.

[Kozak]

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

[Kozak]

But they have...

[dfwgator]

The whole economy is based on people being ignorant.

[Oldexpat]

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

[ErnBatavia]

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

[Kozak]

Tattoos, can’t forget those.

[SampleMan]

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

[Vendome]

And thus it’s always been this way...

[fwdude]

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

[Puppage]

76% of Americans are living paycheck-to-paycheck

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

[MulberryDraw]

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