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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?

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5 comments:

  1. AnonymousMay 2, 2017 at 2:05 PM

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

    ReplyDelete
  2. AnonymousMay 2, 2017 at 3:24 PM

    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.

    ReplyDelete
  3. AnonymousMay 2, 2017 at 9:16 PM

    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.

    ReplyDelete
  4. AnonymousMay 3, 2017 at 11:53 AM

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

    ReplyDelete
  5. AnonymousMay 3, 2017 at 11:54 AM

    47% of them don't pay taxes.

    ReplyDelete

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