Is it true that most Americans live paycheck to paycheck?

Is it true that most Americans live paycheck to paycheck?

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yes. pretty much 98% of the world population

Yes

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You actually need a decent little savings to make it without a paycheck. With how much people spend it kind of makes sense most people live on the edge.

Yes, but mostly because the average American is a fucktard when it comes to spending and saving.
>Spend about 50% of their income on housing
>Have to drive the newest car, endless lease payments
>Need the newest phone to post on Fagbook
>refuses to cook, eats out every day
>Needs to subscribe to every service available, netlfix, Amazon prime, HBO, etc
>What little cash is left over they blow on interest payments
The average American seems to view each paycheck like a challenge. "how can I blow all this money as fast as possible". It's unreal.

The 2016 economy was a disaster that they somehow disguised in the official stats. Weekly wages fell and workers revolted and elected Trump over the elites who kept insisting everything was great because, if you lived in the biggest cities on the coasts, everything was great. But for everyone else, it wasn’t.

Quick fellow upstanding white adults, post proof you arent a zogfucked mutt

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>post your personal details goys!
Fuck off

Most debt can be solved in living frugally, selling back the 30k vehicles, and stopping the flow of new debt. Absolutely depressing. Its worse than alcoholism.

>tfw people think I am arab because I am tan and have some facial hair

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spoken like a true 78%er

T. Boomer

No, but most niggers and taconiggers do.

dats alot of dosh brev, wyd and how long to get it to that point

Why 2017-2016? Why not over a decade? Surely it varies a lot, and its somewhat subjective if you just straight up ask a bunch of people "do you live paycheck to paycheck?"

Ignore him, that image has been floating around for a while

pretty much. isn't capitalim grand.

And a house that they dont own, stuff in it they dont own, and a car they dont own.
I read about this stuff and people seem to lease or get loans for everything.

Its my image

I am chaseanon

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Boomers are not any better. Lot of them are literally fucked if they don't die within next decade or so, they are completely dependent on finite pension funds and social security without any real savings of their own.

boomers are only worse you low iq loser

what does that even mean i never know.do they only look at whether or not they have any savings? cos if true i save a lot more money with a lot less income than a lot of people.

Anyone showing off 100k$ in a checking account isn't exactly using their funds right
Literally zero risk 5yr CDs as high as 3.1% right now, that's 3.1k$/yr for doing absolutely nothing

I have other investments going

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The average person saves up like 1 month of expenses per year....or less.

I don't understand how people can have such high monthly expenses and be ok with having less than enough saved up to pay 1 month.

If I was spending 5k/month and only had 1000 in savings, I would be unable to sleep at night. I would be so stressed out that I would snap and lose my job (if I didn't run my own business).

>how fast can I blow this paycheck?
It certainly seems that way. As soon as most people get paid they immediately start finding ways to spend all that money.

But there needs to be a happy medium. Someone who lives like a homeless person so they can accumulate wealth is worse off than someone who at least was able to enjoy the money they made.

You don't want to blow your money so you can't afford things you need, but you also don't want to be so cheap/frugal that you ONLY barely have your basic needs met.

You can actually find decent rates on savings accounts these days. American Express offers 2.1% and can actually withdraw the money if you need some of it. Although I'm sure you aren't locked in at that APY if interest rates take a dive again unlike a CD.

Still only just making up for what you lose in inflation every year. But oh well better than nothing I guess. As usual savers are punished, it's no wonder people these days borrow up to their eyeballs, low rates encourage it. Our whole monetary system is designed to bolster consumerism and discourage savings.

There's nothing wrong with being frugal. I enjoy trying to save money when and where I can. It's not necessarily about living like a poorfag, just be smart with what you buy and realize that life isn't about owning all the lastest gadgets and living in the most exclusive parts of town. I think for a lot of people though, spending money is what makes them happy, so they do it whenever they can. "retail therapy" or whatever, and a lot of Americans love it.