Yikes: 50% of Americans say they live paycheck to paycheck. 31% of ppl that make 100K live the same.

[the bossman]

raising interest rates is intended to curb inflation.

Problem is inflation is out of control. Raising interest rates a few points ain't gonna do much. Plus economy hasn't fully recovered from Covid yet. They are stuck

 

[Koli_Kat]

100k is the new 70k

 

[beenz]

Problem is inflation is out of control. Raising interest rates a few points ain't gonna do much. Plus economy hasn't fully recovered from Covid yet. They are stuck

the increase in interest rates should curb spending which means there won't be as many people with money all competing for limited resources. this is what we have now. cuz of all the stimulus money, there's too many folks competing for the same resources, thus simple supply/demand means prices go up.

 

[the bossman]

the increase in interest rates should curb spending which means there won't be as many people with money all competing for limited resources. this is what we have now. cuz of all the stimulus money, there's too many folks competing for the same resources, thus simple supply/demand means prices go up.

Except that health of the economy depends on consumer spending so if you're trying to curb spending in an economy that is still trying to recover from Covid we are in a really bad spot

 

[OfTheCross]

Damn. This is what passes as news these days?

No article. No sources. No details.

 

[Sad Bunny]

Damn. This is what passes as news these days?

No article. No sources. No details.

You don’t know how to find the article? WTF.

50% of working Americans say they live paycheck to paycheck, including 31% of those making $100,000 or more

I refuse to believe you are this idiotic.

 

[beenz]

Except that health of the economy depends on consumer spending so if you're trying to curb spending in an economy that is still trying to recover from Covid we are in a really bad spot

yes, but all the spending that was going on was fictitious, and derived from money that was simply created out of thin air, which is why we are seeing the type of inflation we currently have.

I'm still of the mind that shutting down the entire economy for covid was not the move. I even thought that back in early 2020.

 

[Thingsfallapart]

Rent 1275
Electric 40
Internet 35
Car insurance 180
Phone 40
Gas 300
Meals 400
Household supplies 50
Car repairs 150
Streaming apps 120
Planet fitness 20
Credit card payments 800
Charity 100
Nightlife and entertainment 400
Total 4000 per month


Now how much is monthly take home pay for someone making 100k?

If you are making under 100k, this is definitely paycheck to paycheck.

Living paycheck to paycheck doesn’t mean you’re completely broke until your next check. It means that if you missed a full check or 2 would you struggle to pay your monthly expenses the next month?

And where are you getting internet for $35.00?

 

[Gunz&Butta]

If you are making under 100k, this is definitely paycheck to paycheck.

Living paycheck to paycheck doesn’t mean you’re completely broke until your next check. It means that if you missed a full check or 2 would you struggle to pay your monthly expenses the next month?




And where are you getting internet for $35.00?

Yes, based on my spending, making less than a 100k would put me in a tight spot.

However if I make exactly 100k, I wouldn't live paycheck to paycheck in Miami or DMV. Im not sure about LA or NYC.

Since my expense is 4k a month, I can afford to miss 2 paychecks as long as I have 2-months worth of savings. If I saved for 6 months (12k), I can afford my lifestyle for 3 months with no checks coming in.

This is crazy because people keep asking me how im paying $35 per month on xfinity internet. Maybe somebody at Xfinity fvcked up but hey, it aint my fault
Im using their modem and the peacock box as well