How incredibly privileged to not even be able to conceptualize that phrase.
Well I mean when you say 8 in 10 are living paycheck to paycheck that got my ears up, sounds like BS to me, Americans are the heaviest spending nation on earth but you'd think they'd do a little better than 80% of them being 1 missed payday away from being broke
In contrast, the Federal Reserve found that 54% of Americans have emergency savings to cover three months of expenses. Bankrate found that while 59% of Americans are uncomfortable with their level of emergency savings, 34% are living paycheck to paycheck.
Also, supposedly 41% of people earning 300-500k/yr are "paycheck to paycheck."
I couldnt find it just now, but there was a profile I read on one such person a while back. Of course, after paying private school tuition for 3 kids, monthly payments on their two Mercedes, and maxing out two 401ks, two iras, and hsa...they didn't have much money left over every month.
So I'm willing to believe that the OOP was more about this than about actual hand-to-mouth situations
Yeah, paycheck to paycheck doesn't mean you are scrapping to get by, it means your monthly income is about the same as your monthly expenses.
That means it's not about your income or wealth, just cash in vs cash out. Why this can be misleading is that if you make $300k and are month to month, that means selling assets or filling chapter 11 bankruptcy could fix your finance problems. However, someone with a small income is probably already doing all they can do to survive. Both fit the definition, but their situations are vastly different.
"A paycheck? Those things my tenants use to pay me?"
It means you work or die.
Well, actually, lots of working and dying anyway. Cause any emergency you're fucked
It’s just a banana, Michael
It means the people governing have never been a human being...
It is a mystery, I guess we'll never know.
And don't forget, THE FED isn't a banking cartel! These bankers serving terms on the board are filled with love and affection for us, their little proles. THANK YOU FED THANK YOOOOUUU YOUR CRUMBS ARE DELICIOUS
Well when mommy government and daddy business get together to fuck you.
out of touch idiots
It means youve won, cunt.
Makes on wonder which of the words he does not understand: "Living" or "Paycheck".
That 20% are right here in threadiverse, making electoralism posts, and Democratic picks.
They don't know what's a 996. They sure know how to talk about pensions and retirement!
Are you lost?
Pictures, Videos, Articles showing just how boring it is to live in a dystopic society, or with signs of a dystopic society.
Rules (Subject to Change)
--Be a Decent Human Being
--Posting news articles: include the source name and exact title from article in your post title
--If a picture is just a screenshot of an article, link the article
--If a video's content isn't clear from title, write a short summary so people know what it's about.
--Posts must have something to do with the topic
--Zero tolerance for Racism/Sexism/Ableism/etc.
--No NSFW content
--Abide by the rules of lemmy.world
