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Tuesday, May 02, 2017

Economic Reality: Bottom 50% Of Americans No Longer Matter

The Fed likes to brag about the “We saved the world” recovery.

However, the unfortunate truth of the matter is a record Half of American Families Live Paycheck to Paycheck.

Does it Matter? Let’s investigate.

Unprepared for Nearly Anything

50% are woefully unprepared for a financial emergency.
Nearly 1 in 5 (19%) Americans have nothing set aside to cover an unexpected emergency.
Nearly 1 in 3 (31%) Americans don’t have at least $500 set aside to cover an unexpected emergency expense, according to a survey released Tuesday by HomeServe USA, a home repair service.
A separate survey released Monday by insurance company MetLife found that 49% of employees are “concerned, anxious or fearful about their current financial well-being.”

Deleveraging? Where?



Anonymous said...

Except for when the Democrats need a swarm of moron protestors.

Anonymous said...

And still over using their credit cards and living beyond their means in a lot of cases.I know exactly how much I make and I spend accordingly.And just as soon as they have a windfall they blow it on crap instead of banking it.Give them a million and they'd be broke again in a year.

Anonymous said...

What! You mean the EBT card can't be used for an emergency! This is preposterous, someone call Bernie Sanders, we need more free stuff.

Anonymous said...

That's the 50% that don't work and rely on the government for everything.

Anonymous said...

47% of them don't pay taxes.