istock_000004397781xsmall-292x300Source:

Roughly three-quarters of Americans are living paycheck-to-paycheck, with little to no emergency savings, according to a survey released by Bankrate.com Monday.

Fewer than one in four Americans have enough money in their savings account to cover at least six months of expenses, enough to help cushion the blow of a job loss, medical emergency or some other unexpected event, according to the survey of 1,000 adults. Meanwhile, 50% of those surveyed have less than a three-month cushion and 27% had no savings at all.

In related news:

At least the wealthy are consistent when it comes to screwing over the lower classes. They certainly don’t want anyone to feel left out and judging by the fact that 76% of Americans are a paycheck away from being destitute I guess not many of us are feeling left out.

Posted by James Poling

A socialist, tinkerer, thinker, question asker and all around curiosity seeker. If you'd like to reach me you can use the contact link above or email me at jamespoling [at] gmail [dot] com.

10 Comments

  1. […] richer at our children’s expense? When will enough be enough? 75% of Americans are already living paycheck to paycheck. Will it stop when those people can’t even make it to the next paycheck? Doubtful. […]

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  2. […] around 75% of Americans living paycheck to paycheck it’s difficult to imagine how places like Whole Foods manage to stay in business, especially […]

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  3. […] hungry. But so many of us have been indoctrinated with hate for whatever reason that any mention of “welfare” or “food stamps” often results in a torrent of vitriolic hate against the “lazy, […]

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  4. […] Of course, these days it’s beaten into our heads that rather than pump money into the working class where it’s actually needed that we are far better off subsidizing big business and giving them billions of dollars a year in handouts because they’re the “job creators”. Which, as we’ve seen over the past 40 years is utter nonsense. […]

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  5. […] It may not solve all of our problems right away but it would certainly be a step in the right direction. America has become an oligarchy where the rich spend millions of dollars to influence politicians to pass laws that favor them and allow them to make more money while a majority of Americans watch their living conditions decline year after year. The bottom line is that 3/4 of Americans are living paycheck to paycheck. […]

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  6. […] have enough to eat. I’m sure it doesn’t have anything to do with the fact that 3/4 of Americans are living paycheck to paycheck or that the rich of managed to earn $5.6 trillion during this “recovery period” while […]

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  7. […] I’m just going to go ahead and admit that I’m either too stupid or too apathetic to know what they right answer is here. But what I can say for certainty is that unless there are some drastic changes soon this chasm will only continue to widen. Twenty or thirty years ago the middle-class people who were certain that nothing like this would ever effect them are the same ones that have been steadily losing their pensions to Madoff type ponzi schemes while we have businessmen getting themselves elected into the government and systematically dismantling any form of checks and balances that are set up to make sure that things like this aren’t supposed to be able to take place. Meanwhile we now live in a country where 3/4 of Americans admit to barely surviving from paycheck to paycheck. […]

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  8. […] in 2013 I wrote about how 75% of all Americans are living paycheck to paycheck. Being forced to choose between putting food on their table and fixing their car that just broke […]

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  9. […] not just about how our free time has evaporated as we work more to make ends meet. With more than three quarters of Americans living paycheck to paycheck even if time wasn’t an issue disposable income […]

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  10. […] In the wealthiest nation on the planet over 75% of its citizens are living, or what could more appropriately be described as barely hanging on, paycheck to paycheck. […]

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