Thought I’d share the graphic with you guys!
Thursday, August 23, 2012
Paycheck to Paycheck Infograph
Where to start with this graph… it is sad, and rather alarming too. I am not sure if I am more worried about the 40% living paycheck to paycheck or the 37% that need their next paycheck to make ends meet. This is all the more reason to get out of debt ASAP. Can you think of the last time you went to a supermarket, and seeing a cluster of 10 people in an aisle or at the cash register? Only 3 of them would not be paycheck to paycheck, or not counting on their following check ahead of time. I consider that scary statistics.
Thought I’d share the graphic with you guys!
Thought I’d share the graphic with you guys!
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The last factoid just goes to show you that old people are smarter than young people as a group.lolol
ReplyDeleteOk, so they prolly have more disposable income if they are still working too.
I take issue with the first pictoid....they are saying that things are "brighter" because % of people who live paycheck-2-paycheck went down 6 percent over the last 4 years. That's not a bright spot, that's bad, very bad. It means that tons of people are STILL living P-2-P even after what they have seen the last 4 years transpire. And 37% don't EVEN live P-2-P.....do some people just NOT pay attention in life? *shaking my head*
Reducing retirement contributions, not being willing to give up electronic "wants", a 1/4 of the working population not saving ANYTHING.....this is dire stuff and makes me not want to think about where this will all end. ;-)
As for the income disparity male/female, not only do women have to deal with less pay for the same job but they are increasingly having to support more people than just themselves, as most single moms raise their children with little or no financial support.
Thanks for posting this picto......even if it makes me want to drink and drink heavily. lol
Don't drink! And you and I were on the same thought wave... An improvement is a good thing, but a boat sinking at 90% speed gone down to 85% is still sinking! Hopefully these statistics change within the next few years...
DeletePaycheck to paycheck has nothing to do with debt, though it does make paying debt harder.
ReplyDeletePaycheck to paycheck living should really simply be called "the state or condition of having absolutely no savings."
At its core, paycheck to paycheck is not making enough money/having no savings.
Since I quit my job and have no savings, I guess you can call it living from whatever was left from my job to my 401k check to nothing to nothing.
You bring an excellent point to this! But paired with other statistics about how many other people have debts, especially in the credit card or student loan range, I think that lead my train of thought.
DeleteWe are living in scary times!!! When almost 1/2 of the USA is getting some sort of government assistance that leaves very few working and paying taxes to help cover the cost. I am all about paying off debt but I think having a EF is more important right now, so many people are on the financial edge. Not sure where this economical mess is going to end up but something has to change and fast!!
ReplyDeleteWow that's really scary. It's frustrating to see so many Americans waste their money. I want to know how many Americans live paycheck to paycheck but have an expensive smart phone, their nails done and a designer purse. We are debt free except for our home, I have a old school flip phone, and we haven't gone on a vacation in two years. We make more money than ever, but we are taxed to oblivion. What gives? What about us?
ReplyDeleteGood for you, it is hard to become independent from people whom you feel need you, but you really need to do this. We are still I feel deeply in debt but I have a plan and I am living it and we also save a pretty huge amount in retirement so I just have to concentrate on debt.
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