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I'd be interested to know what percentage of that 66% spend over $1000 a year on cable and cell phone...
99%...
I'd be interested to know what percentage of that 66% spend over $1000 a year on cable and cell phone...
Yep...Hope and Change = Pipe Dreams and Pennies!
Ain't that the Truth!
A culture that I believe that started to take hold in the 1980's with the advent of easy credit. Take a loan out for a new pair of shoes, that jacket, oh and a new tv.
Alternative headline: Approximately 66% of Americans Are Financial Idiots.
FFS. Emergency Funds, people. This isn't that difficult.
Rock solid, well paying, middle class building jobs are a thing of the past. it's hard to save anything living from paycheck to paycheck in a service based economy.
And Mickey's celebration over suffering Americans continues!
Except for low paying jobs, where it is difficult to pay rent on a modest apartment, and basic foodstuffs it is not hard.
People just have to limit their wants and purchases.
Cut cable to the basics, get one cell phone for the family rather then 4. Getting one older car, rather then two new cars
There are plenty of ways for middle class income people to save money, provided they would be willing to cutting spending
Says the guy who worships (see avatar) the Godfather of the destruction of the middle class. The irony is face palm funny.
Yeah I know. I'm happy I come from a long line of skinflints and they taught me well. I do not know what the hell happened to both of my sisters as they both fall into the 66% and there is no reason for them to be there.
A culture that I believe that started to take hold in the 1980's with the advent of easy credit. Take a loan out for a new pair of shoes, that jacket, oh and a new tv.
Good grief. Give it a rest.
This is not a new thing -- if you read your own link, you'd see this has been the case for decades.
It isn't a partisan thing, and people didn't get in this position because of their political beliefs. Again, two thirds of Americans don't have $1000 in emergency cash -- and lots of those people are conservatives and Republicans.
Financial illiteracy is definitely a part of it. So are flatlining wages, readily available credit, and the ongoing transition from an industrial to a service economy.
Maybe instead of reaching for your partisan punching bag, you should read up a little bit on why Americans have such low savings amounts and rates.
Seriously. I just bought a new house and dropped almost $70k in cash on it. It's probably been 40 or so years since I couldn't cover a $1000 or even a $10,000 debt at any time.
Rock solid, well paying, middle class building jobs are a thing of the past. it's hard to save anything living from paycheck to paycheck in a service based economy.
We don't do that. If we don't have cash to spend, we don't get it. Obviously, the exceptions are on large ticket items, but otherwise, I don't use credit cards, it all comes out of my bank account.
In today's economy, even living within your means is tough. If you went to have any kind of decent quality of life.
How is pointing it out 'celebrating'?
NEW YORK (AP) — Two-thirds of Americans would have difficulty coming up with the money to cover a $1,000 emergency, according to an exclusive poll released Thursday, a signal that despite years after the Great Recession, Americans' finances remain precarious as ever.
Two-thirds of US would struggle to cover $1,000 emergency
We've been led to believe a decent quality of life = spending money. It's really not true.
We've been led to believe a decent quality of life = spending money. It's really not true.
Depends on income level, and of course size of family (and where you live).In today's economy, even living within your means is tough. If you want to have any kind of decent quality of life.
Perhaps you should pose that question to Mickey. He might say something like, "It is carte blanche to bash Obama!" but without the carte blanche part.
Well, truth be told, Obama deserves a little bashing. As does any other member of the government.
Depends on income level, and of course size of family (and where you live).
If people would go back to how they were living just in the 90s' when it comes to personal electronics and the monthly fees associated with them, I expect a lot of families could cut spending by $200 a month
Cell phone plans, internet plan, cable plan, Netflix and so on. Cut to a lower level of expenses
As do American employers who farm out their labor in the third world.
Well, truth be told, Obama deserves a little bashing. As does any other member of the government.
Precisely. Income hasn't changed - consumption has.Except for low paying jobs, where it is difficult to pay rent on a modest apartment, and basic foodstuffs it is not hard.
People just have to limit their wants and purchases.
Cut cable to the basics, get one cell phone for the family rather then 4. Getting one older car, rather then two new cars
There are plenty of ways for middle class income people to save money, provided they would be willing to cutting spending
Perhaps, but the occasional weekend 'down to the coast' costs money. So does the occasional six-pack, and the occasional trip to a theme park, concert or sporting event. And ofttimes, quality of life takes a front seat.
True. Going OverTheAir instead of cable is always an option. It depends, again, on what YOU consider 'quality of life' to be.
That leaves Trump off the list.
Nice move.