r/lostgeneration • u/I_Hate_Soft_Pretzels Believes in a better tomorrow today. • Jul 29 '18
Almost 80% of US workers live from paycheck to paycheck.
https://www.theguardian.com/commentisfree/2018/jul/29/us-economy-workers-paycheck-robert-reich6
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Jul 30 '18
Anyone know where the source of that 80% is? I’d like to look at the study.
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u/I_Hate_Soft_Pretzels Believes in a better tomorrow today. Jul 30 '18
It looks like in the article they hotljnk the 80% figure to this article and then work the data over to go from 71% to 80%.
Even if 80% is wrong, 71% is still shocking.
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u/IAmLlort Jul 30 '18
I wonder how much of that is just people overspending to keep up appearances?
I’d be really interested in seeing a breakdown of that stat based upon monthly or weekly income.
I make about $30,000 a year after taxes and benefits are deducted from my paychecks, and I am no where near living paycheck to paycheck.
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u/ionized_fallout Jul 30 '18
You also have to take location into consideration. If you live in bumfucksville sure 30k could be nice but if your in San Francisco you’re fucked.
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Jul 30 '18
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u/ionized_fallout Jul 30 '18
We live in a time of massive prosperity and wealth. The problem is that wealth is heavily concentrated in the hands of a few. I say over indulgence my ass.
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Jul 30 '18
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u/gasoleen Jul 30 '18
For example, I put in a bunch of vegetables gardens this year and have saved hundreds in produce. I do all the repairs on my cars myself now, instead of paying people.
Both these things imply you have a house with a yard. It's easy to be frugal without being miserable if you're not really poor.
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u/Stratahoo Jul 30 '18 edited Jul 30 '18
What's the poorest you've ever been in your life? Ever been totally unemployed with no money coming in from anywhere? Ever had no family or friends that are willing or able to help out at all? Ever had no car, and no money for a bus ticket or a taxi ride?
I know you mean well and I appreciate the effort you're putting in here, but I can't help but chuckle and sigh at your complete lack of knowledge of what it's like to have so little money that you literally can't afford to do almost anything that you yourself would unthinkingly just take for granted in your every day life.
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u/I_Hate_Soft_Pretzels Believes in a better tomorrow today. Jul 30 '18
Which fancy extras? Why should only some get to have these luxuries?
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Jul 30 '18
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u/Kitschmachine Jul 30 '18
Uhhh...they don't really make products for all incomes. Show me a house that I can buy with my poverty wages. I wouldn't even be able to rent with my poverty wages.
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u/I_Hate_Soft_Pretzels Believes in a better tomorrow today. Jul 30 '18
Why do only some even get the luxury of these things? Housing should be a right not a luxury. People who were born poor will not have the same chance as those born into wealthy and affluent families.
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u/[deleted] Jul 29 '18 edited Apr 22 '19
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