Skip to comments.In a pinch, half of U.S. families canít find $2,000
Posted on 06/12/2011 5:02:17 PM PDT by Kevin in California
Half of American families including a growing portion of the countrys middle-class would not be able to cope with an unexpected expense that required them to come up with $2,000 within 30 days according to a study that illustrates both the fragile nature of family finances and the depth of the nations financial crisis.
But the Federal, State, City and now County ( Here in Califronia ) tax boards can get $2,000 out of us at will!
Soon we here in California shall be taxed based on Neighborhood watch groupings.
6-18 months from now 1/2 of Americans won’t be able to come up with $500-$1,000. Gonna get worse before it gets better.
I would have to rob from Peter to pay Paul.
Suggestion: Move to Texas.
They should have bought beans and rice...soon that will be a better commodity.
I could find it, but it wouldn’t be mine.
Very sad indeed. As for the government, it needs a combination of spending cuts, entitlement reform, and pro-growth policies, and then get out of the way as much as possible.
Will they lend me $2000?
An interesting study, but begs the obvious question, at least as reported in this article.
What is the change over time in people being able to meet this criteria? The article implies, but doesn’t bother to demonstrate, that five, ten or twenty years ago more people would have been able to come up with an equivalent sum.
This is the same stuff as the stories about lots of Americans not having saved enough for retirement. While no doubt true, it’s pretty meaningless unless they show the trend over time.
LOL! Does that involve a big chain, a truck and an ATM??
I’ve been contemplating ....just not sure I trust that douche, rhino governor of yours...I guess he can’t be all bad since you all have given him a pass for quit some time.
Half of U.S. families don’t need to find $2,000. They don’t use money.
Food debit cards, free rent and medical care. Why would they need money?
I guess keeping up with the Jones now means keeping up with their debt.
I’ll be rich once I get my pimp license.
So your solution is to have 300 million people move to Texas?
They are late on their Escalade lease.
But seriously, a lot of these people on disability and welfare pool together in a household of 6 or 8 adults and kids, such that I’m sure their monthly “paychecks” are way more than mine. You are right. Then their money is freed up for cigs and meth.
Fortunatley their/our pensions are secured
Not to mention free cell phones, bus passes, heating assistance, "disability" checks, and the list goes on and on.
They're the ones who answer the polls with "the economy's doing just fine".
That’s weird - we are hitting all the same threads;) tee hee
Well, that is one idea. Keep those ideas a comin’ LOL
What sort of tax? For what reason? Just wondering.
Not to make fun of the death of American prosperity, but there is always Ebay. My advise to Americans who can’t find $2000 in a pinch is get out of debt, and once out of it, stay out. I bet most of those Americans who can’t get $2000 in a pinch have large screen TVs, computers, cell phones, nice cars, nice furniture, nice homes, apartments, and monthly payments they can’t afford. If they really want a money pit to eat up their spare cash, let them get a boat.
I hear you.
I was born raised and and growing old here , but I am done.
California cannot be repaired.
The DNC is entrenched in everything from dog catcher on up .
Their need to buy votes continues to kill California.
What sort of tax? For what reason? Just wondering.
The liberal philosophy sis weak and requires steep discounts and Coupons to sell.
Discounts and Coupons = vote buys.
Okay, I think.
I’m a drive-by FReeper: a flurry of posts, and then I’m gone, LOL.
Thx for the rest of the story;)
(I knew there had to be more ‘free stuff’).
#12 The 111th Congress got us into so much new debt that it breaks down to $10,429.64 for each of the 308,745,538 people counted by the 2010 U.S. census.
If all six billion people on Earth moved to Texas they’d have several acres apiece. No problemo... LOL
It would have to be one time emergency, but I could sell the little bit of jewelry I have. I could come close to $2K, hould the need arise.
It would have to be one time emergency, but I could sell the little bit of jewelry I have. I could come close to $2K, should the need arise. Things aren’t as rosy in Texas as people think. Still, they are a dammned sight better than the rest of the country. THAT is what is frightening this native Texan.
"Hey honey. Whatcha doing tonight...you busy? I got something I want you to do for me. Pick out a nice dress..."
Then we could encroach on our Southern border with Mexico! Great idea!....lol
What about hitting 0bama’s sta$h?
LOL. because of that 50% (the freeloaders), the other 50% dont have a dime to their name.
Texas is only big enough to be parted out to all Americans at a half acre each.
Area of Texas is 268,581 square miles. Assuming 6 billion people, that’s 22,340 per square mile; this means each person gets 1248 square feet, which is about the size of a respectable apartment. So, yes, you could fit everyone in the world somewhat comfortably in Texas.
That's the key point showing the pathetic situation we're in.
Like an economic maniac, Obama's Fed is relentlessly creating billions of new dollars out of thin air, making the buck about worthless.
And 1/2 of Americans can't gather 2000 of these little currency feathers into a small pile on the kitchen table?
--in a month?
We're looking right into the abyss, thanks to the insanity in Washingon D.C.
Wonder how they like this changey stuff.
I was talking to a Brit one night on the internet and he bragged that the UK was 110 miles long.
I never heard from him again when I told him the sign at the Sabine River/Texas -Louisiana (I-10) border says, El Paso, 861 miles. (And, you're still in Texas when you get to El Paso, lol)
I believe it.
So far, cash is still required to pay your drug dealer.
Shhhhhhhh! Let’s keep it a secret.
The other half can’t find $2500!
A large percentage of US citizens is receiving government checks. But those checks are given on condition that the recipient is "sufficiently poor." This means those guys can't have bank accounts or credit cards. If they have money, or if they work, it's cash only.
This means that many respondents could be simply afraid to confess to a stranger (who can easily be a government agent) that they have money. The pollsters can't know for sure if the answers they are getting are truthful; this poll is seriously flawed.
But even among americans who have jobs, imagine that you get a phone call out of the blue and the guy on the other end asks if you have $2K. One needs to be a very reckless person to say "yes" to that. It could be a thief calling and asking his potential victims if they are rich enough. The only correct answer to that question is "No, I don't have that kind of money." It's not nice to bend the truth, but this kind of truth can kill you and your family.
If half of America is without cash, they is gonna be stealin’ it when they run out.
It won’t be long before they come for your stuff