Report says 60% of Americans are living paycheck to paycheck
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- Опубліковано 30 тра 2024
- According to a report by the Lending Club, 60% of Americans are living paycheck to paycheck as the holiday season approaches. Editor-in-Chief at Investopedia, Caleb Silver, explains why so many people are having trouble making ends meet.
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#PersonalFinance #Expenses #Finance
Stop saying 'inflation' and start saying 'corporate greed and price gouging'.
Bingo
or FED manipulation of the currency, which it'self is illegal. A private bank doing the job of the U$ Treasury. zionist control of the economy, politics and religion. The trinity of evil.
Companies have always tried to maximize profits. Inflation spiked in the last couple years because of massive fiscal spending and supply chain disruptions, not because companies suddenly became greedy.
That’s exactly it!
You mean government money printing🎉
Did we need a report to tell us this ???
I am living pretty good in Los Altos Hills California
@@andreherringartoh nice, I’m close by in Atherton, would you like to spend money frivolously with me
yay@@brunocardona6283
I live in Jackson Hole, WY. I'll join you when I get to my heli. 😅😅😅
Imagine a country that looks out for ALL of its citizens the way America looks out for the RICH!
Thanks to the Republicans.
@@tominmtnvw You do know we can use our own eyes and see everything is much worse under Democrats, right? 😂
Imagine a country without racism where cops are the killer
@@derekh1593 The divide between the wealthy and everyone else definitely got widened with Biden.
You people are actually looking for the government to “look out” for anyone? Weak and stupid.
We're at most surviving paycheck to paycheck. None of us are "living" in any sense of the word.
THIS. barely surviving at that for some.
Exactly.
A lot of people are living
move to china.
This year has been the worst. I’ve always been able to save a little bit and then in August I had a major car repair that wiped me out and I haven’t been able to recover since.
Same.
Yup. Cracked windshield. A broken oven. 4 week bout of mono and im in the red. Hope things get better for us all.
Joe Biden is so bad he personally broke your car and is responsible for every bad thing in your life. Fortunately, this means you don't have change anything in your life, since it is all someone else's fault.
Man $1200 it cost me😫
Did you purchase a home when the prices were sky high
I been living paycheck to paycheck for as long as I can remember. Lol
These comments make me feel a little better that I'm not the only one somewhat struggling financially
People have got brainwashed by the Internet swearing to god there's no crisis. But there is.
I was laid off 4 months ago and have been living savings to savings. This economy really sucks
But all those jobs Biden created.
Tech ?
But you're famous, I've seen you in movies!! I'm not buying it
Biden 2024
Bidenomics hard at work….
Trump 2024
Prices rise yet wages do not.
all of my employees have received up to 30% in raises, perhaps you should find another job.
@@chadl1876Probably a late inflation adjustment but even big tech companies aren’t keeping up with inflation raises even though they’re making a butt ton. Execs and investors are hoarding the money.
Not true! Wages have skyrocketed unless you live in a deep red state where your suppressed!@@baboon_baboon_baboon
@@chadl1876 I don't believe you have employees sir.
Can care less what you believe!@@cg3868
No, we're at least 2 paychecks behind and living on credit.
Most Americans are living above the poverty line, so I think at least some of us are just making bad decisions when it comes to money. Although I do believe inflation plays a huge role in the struggle.
@@robertfender198 Agreed. When a report came out that people making 6-figures were living paycheck to paycheck, I'm wondering what you're spending your money on. There are people making much less and living paycheck to paycheck (yes, they probably have government assistance, but still less than if you were making 6-figures). Poor financial decisions are the reasons why. They make more and spend more.
@@HarmonixsLoLthey bought overpriced homes and didn’t realize how expensive a 3600 or 4000 mortgage is let them be they ruined the market
As long as you get out of it, you still have a chance
Companies are out here making record profits while the majority of their customers and employees struggle to get by. The ability of Americans to save should be the best indicator of how the economy is doing right now, full stop.
Which companies? I would like to invest?
There's record spending........that tells me all I need to know.
"Record Spending" means more money going to spending. AKA Inflation. How many braincells did you lose to lead poisoning?@@bartdoo5757
Got all this money to fuel wars and help other counties but when it comes to actually American issues like living no one marches for us...
We soend significantly more money on Amsrricans than we do wars
It's closer to 75-80% percent, if you base it off of income vs. cost of living.
Percentages vary by state also.
(ex. - more people living "paycheck to paycheck" in NYC vs. people in Billings, Mt.)
Cost of living is cheap if you live where you don't waste money trying to heat your house all winter. NYC or Billings, Mt. BOTH seriously fail there.
It's also way lower if you were to account for all the wasteful spending Americans do
@CesarNostradamusthis glorification of the past just isn't at all accurate
@@jsebby2284 Sad, but true
@@williamhayes981 it's not true at all. It's just a coping mechanism.
As for your made up number in your post. It's made up. The original number obviously already accounts for cost of living. Doesn't even make sense to change it to a higher number. It's also near useless because it doesn't account for soending habits or money set aside for retirement
The overwhelming majority of low and middle class America have been living paycheck to paycheck for decades when one factors in personal debt. This is nothing new.
Return of school loan payments are a huge factor for many.
1. Stop buying "luxury" items you don't need.
2. Stop having too many kids.
3. Pets are an unnecessary expense.
4. Drinking, smoking, drug use and gambling are very expensive addictions.
Also stop over the top spending at other holidays like Halloween and Easter. Nobody needs matching Christmas pyjamas.
Stop spending $200-$300 per month on cellphone plans and cable TV.
No one young watches cable anymore get with the times.
@@Mike-bs5xi Actually, I cut the cord, 12+ years ago…….
When my children were young I survived by buying most of my necessities at garage sales. I found the thrift stores were too expensive. You can bargain at garage sales and buy almost everything you need
I don't want to bargain at thrift stores, go dumpster diving, or survive by doing without. We live like pigs in a first world country with so much money it could fill a reservoir.
@@cg3868 don't you get it? all the money is for the American politicians😂😂
@@cg3868🎯👁🎯💜🎯👁🎯
@@cg3868 what size reservoir? Cuz there’s shallow ones Friend. And finally, no one cares that you don’t care.
that is so true. Have to live simple life
CEOs should pay their fair share in taxes. It’s as simple as that.
The IRS sets the tax rate.
When the Presidents children fail to pay taxes (Ashley Biden) and the other kid (Hunter) tries to writeoff hookers as an expense and the rest of us would get arrested and jailed for doing the same.
What's a fair share?
Ladies and Gentlemen it's facts that people live Paycheck to Paycheck every week !!
People get higher wages a move from 7 dollars 50 cent's to 15 dollars an hour !!
But here's the reason American people are Suffering from inflation rate !!
People get higher wages and everything goes up , Gas price , Food Prices , rent , utilities Medicine , We wonder why ???
If we are right , Democrats party passed a Bill to lower cost on Gas , Food , rent , utilities , Medicine but the Republican party in the US Senate blocked the Bill !!
WHY ??
To protect the Wealthiest people that has all the say so over your lives !! Rich get Richer , while the poor people starve our loose there jobs , house's , car's !!
That's why America people are living Paycheck to Paycheck
The inflation is artificial. Wages could easily increase without price increases but these giant corporations that run America don’t want to take even the slightest pay cut. That’s the real truth.
Republican supporters can't handle what you just put in your comment, which was the truth !!
I have been hearing this for about 25 years now.
I think the issue is that companies are still reporting record profits, mainly because they’re super aggressive on marketing and price hikes, and feeling like people have no options, whether it be necessities or the fear of missing out, or even targeting into getting something new, of course people are going to buy things at higher prices, maybe even things they don’t need.
How much do they pay for rent? We need rent control because too many of these apartments are owned by foreigners.
America's been living paycheck to paycheck not just recently for decades centuries years .
those who work live paycheck to paycheck, those who hire workers live loan to loan.
Say it with me: *All. By. Design.*
not my design, as an artist I designined my own paradise
That’s why I can eat at a decent restaurant on Saturday because people’s can’t afford to eat out during the week.. everyone get paid on Friday or every other Friday.. it all make sense to me now why it’s so hard to find a restaurant that’s not over crowded with people and have a wait list to eat from on Fridays and Saturday..😩
Stop buying meaningless Christmas gifts. No one is forcing you to buy gifts. There is NO shame to tell people you don’t have an extra money to buy presents this year.
Lack of finance education and want to “look-rich”. YOLO America
My goal is to have $100k in credit card debt by the end of the holiday season and I'm going to get it done!
You got this!
i ow 125 dollars thats it im far behind u oldtimer
Yay, buy I think you can do more than that, then leave the county
Money for war but not Americans?
Suggestion: have a serious talk among adult family members and friends to agree to not exchange gifts this year. Save what you have for any kids you buy for so at least they have a good memory. Or change your gift giving style for the adults: years ago, I changed to buying several boxes of inexpensive quick bread mixes and gifting a freshly baked cinnamon swirl, banana, or blueberry bread for each household. Your effort is still appreciated.
I bought all my gifts at the dollar store this year :) not bad actually!
@@carol6445 Exactly. Christmas doesn't have to be a $500 gift under the tree, or a new car in the driveway for goodness sake! If one is so inclined, consider the lowliness of that first Christmas.
We should not be buying gifts for adults. I give $25 minimum for Birthday gifts and that $5 is for inflation. And the birthday card is purchased at dollar tree. I’m not wasting money on gifts for adults. Not saying I don’t love them or I’m the grinch but if it’s not for kids that I’m close too. You not getting a gift.
To understand what's happening: oil prices have effects on everything and Exxon Mobile had an increase of +141.9 in profits last year.
Food and drug stores (pharmacies, supermarkets etc) had an increase of +70.6% last year.
Are you starting to see who to blame?
People demanding double wages?
@@bobcob3362If high wages were the problem then Profit would be down at these companies. They're pocketing their profits & giving it to already wealthy investors.
It’s more than 60%
Yes
I don’t have any money for Christmas this year I can’t even pay all my bills this month
Who knew that allow CEO to get a raise of over 1 million dollars while giving their lower workers 0.30 cent pay increase wasn't a good idea!
Oh God not the CEO pay argument lol
Are we really that surprised????
In 2022 I was living pay check to pay check while expecting my first child. I worked hard, saved where I could, and was eventually able to start saving. To those who are struggling right now, just hang in there. It will get better.
Too late. We are burned out. Money does not have any value left.
Here's some quick and quirky tips to help you with your engineered poverty!
You all need to learn some scope control. I downsized this year to much cheaper place now I'm saving an additional 1K a month straight into investments. I still have the same Honda for the past 9 years, paid with cash, 40 mpg, I spend maybe 800 a year on gas. Don't impress your friends with some disposable tech gift, bring a nice homemade cake and a good time. You don't own your possessions, they own you.
We need deflation or wage increases preferably both. We also have record credit card debt.
Wage increases will make the inflation worse, sure the companies might be willing to pay you more but then they will just charge their customers more for their product and then we’re back at square one needing another wage increase. Sorry for the environmentalists but we should be drilling all the oil we can and stop paying other countries for their energy.
@@Yakob135 Can agree there we'd have to go back to when companies weren't incentivized to pay CEOs and board members egregious salaries and stock dividends based on performance prior Regan
@@chrisaycock5965 What legislation did Reagan pass?
@@Yakob135 I believe we've been a net producer of energy for the past decade or so. Especially when we started building and utilizing Natural Gas export infrastructure as a by-product from oil drilling.
@chrisaycock5965 oh God not the CEO pay argument. Pick a company and divide the CEO pay by the number of employees. Let me know what you get
😂😂😂 gotta get the new Jordans and Tesla to flex on the gram…. But got $2.99 in my bank account. 😂😂😂😂
BREAKING NEWS! PEOPLE ARE POOR! PEOPLE ARE BEING UNDERPAID!
It feels like the price of everything is up 20% from where it was just a few years ago....
BIG TIP: Don't have children and you will have more than enough money.
Hmm.
I mean I don’t disagree, however; this recent hatred for children that our generation has developed is completely random, and very weird to say the least…I mean think about it, money doesn’t love you. Money can buy some happiness but not all. Money won’t leave you a legacy. Money won’t be there for you in Kylie lowest times. I just don’t think it’s wise to be choosing money over having children but to each their own.
@@ivyvanderwall Sounds like you aren't getting love from anyone else? Doesn't your spouse love you?
and 60% of these Americans got in this situation because of their own doing.
Same people I see out every weekend drinking having a good time.
More like 90%. Quit lying
its 60% -
But that’s the media job 😅
It's more like 80% the other 20% don't have a paycheck.
No it's not
Broke poor since 2008.
The title is more relevant than the video is. To put it politely, the expert is urinating on our heads and telling us it's raining. "About a third of our paychecks usually go to housing"?! Maybe in the world he and the anchor live in! That is NOT the real world.
I live in the real world where housing was paid for when the jouse was bought with cash. You kids don't do that anymore? Debt is for suckers.
Many people are pointing the finger at corporations but have you taken a minute and reflect on your lifestyle and decision we make financially?
Basically no one can afford to live in this 💩economy. This has been true for several years now.
That’s because these people had kids at a young age (irresponsible) and probably drive all the time (give up the car) most people don’t need a car they’re just lazy to take a bus, imagine how much you would save if you didn’t have a car? Most people live beyond their means. And don’t know how to save.
I kept my Caddy for 17 years,and Now I have a Honda CRV and I hope that I can keep that until the wheels fall off, I am paying it off 2 years early,House is paid off and no credit card debt, and I am on a fixed income, but my parents taught me how to manage my money, not Dave Ramsey
I'm 36 and always lived paycheck to paycheck. I did spend the last 5 years paying down on my debts though and almost completely debt-free. Followed Dave Ramsey's program and it has really changed everything for me. I highly suggest this to anyone that has lots of debt like cars, student loans, credit cards, etc. there's only one way out!
right, Dave. LOL
@@punapeterlol . Yeah he can be a bit dry to listen to.. But ultimately it's what needs to be done. Get your discipline under control and eventually you can have those nice to have things once everything else is paid off
@@Lady.Luck. I have nothing to "pay off". I paid cash for my house and built my own truck with cash. What's to pay off. I have nice things. I have always had nice things. I don't use debt or credit, dats why. I don't need some Dave somewhere. My parents and grand mother taught me finance, SAVE.
They died millionaires.
I was following Dave’s methods even before the inflation so we actually have more money than ever. We get to keep a lot of our paychecks since we have mostly eliminated payments.
@@MrNiceGuy500 same situation here. Now that nearly everything is paid off it frees up an extra thousand dollars a month for disposable income for me.. doing great now that I don't have a car payment, credit card, lowest phone plan, etc
That's how they want you. Keep spending !!! Keep giving Walmart all your money ... They keeping the billions in accounts ... You a 🤡
Most Americans cannot delay gratification, spend beyond their means, don’t save, and fall prey to advertising………NO SYMPATHY.
As if we need your sympathy 😂
@@Skateandcreate9 ….you all deserve NOTHING!
Rent and Vehicle Costs are the big things tying me down.
I'm hoping to have something that's a step above Minimum Wage. But that's usually what I see in a lot of these Job Advertisements.
I guess I should think about not going to places with a high cost of living. And focus more on cities that are cheaper to live in.
my house and car are paid for
@@punapeteryou want a cookie bih?
@@punapeter Go brag somewhere else. No one cares here
We're technically living check to check. But it's because we put 40% in 401k.
Only in America we American live pay check to pay check.. If you're from another country, America gives you loans from our government. We get treated like we not from this country 😢
How about skip gifts? Dont buy. It’s nothing but consumerism on things you don’t need
Oh sweetie it has to be more than that.
I did so well under Trump, now I work 80 hours a week and my groceries are like $100 more
Meanwhile...
"One thing. I want my Republican colleagues to give me one thing - one - that I can go campaign on and say we did. One. Anybody sitting in the complex: if you want to come down to the floor and come explain to me one material, meaningful, significant thing the Republican majority has done besides, “Well, I guess it’s not as bad as the Democrats.”
Rep. Chip Roy, R-Texas
Inflation before Biden.
Noooooo it's not true. I live in the state of California believe in me it seems every one is shopping 🛒 and buy stuff included buying homes. Don't let the media fool you
60% more like 80%
The fossil fuel industry has taken all the money!!!
Landlords to
@@ahhh-the-butthurt vote for rent control and Airbnb bans
@@ahhh-the-butthurt It's not yours if the Government can choose to take it at anytime.
@@cg3868how can they choose to take it? So dumb.
@@bobcob3362 Same way you do, right up the ol pooper. So dumb.
That's just natural part of the economy. When most people are savers, economy has to be able to export a lot to grow. We are a domestic consumption based economy, without that we will have a shrinking economy. We have to acknowledge that our dollar is the international currency, therefore, we can't possibly be the main exporter of the world. It's a package deal, we can't keep our prized dollar and thinking we can compete on export, export by the mass serves people of bottom 90% more than the top 10%. it's not like the 1% buy new equipment of same thing every passing day. We do need a lot of people spending down their future so the economy can continue to thrive on debt.
I was at Moncler in Woodbury yesterday; it took me almost 2 hours to get into the door and many of the designs were sold out. Do people really need it? We are a car culture economy where people often just get in and get out to the destination. it's not like people walk for 15-30mins casually to get to public transportation all year round. the whole market has a lot of unnecessary spending, and we have to acknowledge that these spending are essential to the economy while unnecessary on personal level.
lol not, what a brainwashed crock. You don't have to consume as your TV tells you to.
Our biggest export is war and weapons of war.
You waited 2 hours to shop at a certain store?
YOU are your own worst enemy economically.
American Dollar is no longer the International currency. More countries are dumping dollar at a rapid pace. BRICS have dumped a the dollar a long time ago and they are expending, more and more countries apply to become part of BRICS.
@@violetagira8687 Long time ago? Last year is a long tome for you kid?
@@punapeter it's more like 2 years now, when Saudi Arabia and Russia signed a military cooperation agreement in 2021. But to answer your question, even a year full of changes can make a dramatic impact on our economy, especially the way things are going right now.
@@violetagira8687 LOL you're young. A yeat or two ago was NOT a long ago. It's very recent. Were you born in this century?
I don’t even watch the video and just go straight into reading the comments. That’s where the real story is.
Thanks Joe!
"One thing. I want my Republican colleagues to give me one thing - one - that I can go campaign on and say we did. One. Anybody sitting in the complex: if you want to come down to the floor and come explain to me one material, meaningful, significant thing the Republican majority has done besides, “Well, I guess it’s not as bad as the Democrats.”
Rep. Chip Roy, R-Texas
joe mama
don't blame the man in office blame the global pandemic that hit right before he was elected. The USA has the strongest post covid economy of all G7 countries believe it or not. Search out the facts and don't rely on your party affiliation to pass the blame.
billions and billions to other countrys and we cant up tha min wage in utah from 7.35???
don't use credit cards if you can't afford them
So if we all stop spending money to slow down the gdp..how are we getting our necessities??
Pay yourself first from 10-25%
I live below my means.
the number should be 70-80%.
We know the problem, it’s time to act, 60% of people is a very large problem if we want to be
I wonder what the 40% do?
over 10 million Americans are living disability check to disability check. millions more are only one or two cartons of cigarettes away from homelessness.
I can't imagine having kids while living paycheck to paycheck. Seems unfair to them. Glad I got a vasectomy!
we are too
@@punapeter Thanks!
@@ColburnClark well we don't need more useless kids who would just hang out at starphucks.
You have some funny videos. Arkie funny.
What you pay in taxes including Medicare and social security put that same amount in a saving account with compound interest
Corporate Greed=Inflation
Okay yall late to the party with this report
Our government doesn’t care about their debt why should we?
I don't.
But the American people want things to go up like this, that's why they voted for the current president
"I make six figures and still live paycheck to paycheck", sounds like you made a lot of poor financial decisions.
Don't be absurd it's higher than that and its shifting in the 1% banks
The rich don’t care.
I used to be an engineer. 30, 40 years ago, life was very good until I retired. The SSA barely makes ends meet, I have to rely on the other incomes like 401k, savings, rental…in order to enjoy our retirement to the fullest.
That's too bad. I used to be a starving artist 30-40-50 years ago. And retired on SSDI I live well.
I wish all I have now I had 40 years ago.
No debt, low expenses, like $200. mo. for power and phone my only 2 monthly bills. The gov. PAYS ME, and will for the rest of my life.
No 401K or savings spending necessary.
@@punapeter Never rely on the SSA income solely even we don’t have any debts. House, cars were paid off years before retired, but the other expenses are very high nowadays plus the travel expenses too. Save, save, save for the retirement before it’s too late.
Don’t know what you’re complaining about. Most people don’t have 401(k)s, savings, and rentals.
@@tominmtnvw I don't and I'm doing fine. Gas prices mean nothing to me. Food, water, heat is all free. If I wasn't so lazy and hooked up the solar panels on my roof electric would be free.
My $42. phone/internet bill, is about it monthly.
@@tominmtnvw I did not complain. I just said don’t rely on the income from retirement (SSA) alone. Save, save, save if possible before it’s too late.
It’s more than 60% now
Stop the insanity with consumerism!! Love cost nothing❤
Groceries food vital for life is unbelievable$
Where is our fearless leader. We have none. He has enough to eat.
Found out today that my pop tarts are over priced and they shrunk it too. That’s like double damage!!! Not fair and it’s so tricky and underhanded to make it smaller while I’m thinking the price just went up!
it doesn’t matter how much americans make. they will always spend more than they are supposed to and borrow money so they can spend more and more.
I remember that then moved to Spain years ago exMichigan in 🇪🇸🇪🇺👍
that sucks to be stuck over there, I lived in the South of France years ago, I saw what was coming so I came back and retired in Hawaii instead. Life is paradise, all year round.
Investing is a great hedge.
Alternate title: Survey finds 60% of Americans give their full support to drive the economy
As someone's who been robbed of a propane tank and 35 y.o. I can confirm we're all living paycheck to pay neck an the only way you can live with yourself is by thinking well you cant take it with you if you die.
Stop saying housing crisis
I rather have all my bills paid and be broke than have a whole lot of money getting put out.
I’m living for less because of my medical condition thanks Medicare and Medicaid and ssi
so you live for free
I told my family to DO NOT PAY THAT CREDIT CARD balance off when I die.
As long as you don't have any other assets that can be liquidated then that'll work just fine!