When the next recession strikes, millions of Americans that suddenly lose their jobs could find themselves facing financial disaster almost immediately.
Living on the edge, being dragged down by debt, and having little hope for the future is no way to live. But that is precisely where most Americans find themselves in 2019. Despite a supposedly “booming economy”, the middle class continues to shrink and most of the country is barely scraping by from month to month. In fact, a brand new survey that was just released by Charles Schwab discovered that 59 percent of all Americans are currently living paycheck to paycheck…
Overall, 59 percent of Americans live paycheck to paycheck, according to the survey of 1,000 U.S. adults by Charles Schwab.
However, the Millennial generation (people ages 23-38) was the most likely to struggle in between payday, at 62 percent, followed by Generation X (60 percent), Generation Z (55 percent) and Baby Boomers (53 percent).
I realize that those numbers…
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cut, devour, destroy
Jeffrey St. Clair
Editor of CounterPunch. Author of Born Under a Bad Sky, Grand Theft Pentagon, and Been Brown So Long It Looked Green to Me.
Portland, ORcounterpunch.orgJoined July 2012
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Jeffrey St. Clair
for his evocative illustrations to my profile of Willie Dixon, the Mingus of the blues: songwriter, bassist, producer, impresario, war resister, civil rights activist, a huge man who lived an even bigger life that still resonates.
Never Satisfied: Willie Dixon Refused to Serve…Anything But the Blues
The total US military budget has jumped from $736.4 billion to $989 billion since 2015. This increase has be accompanied by cuts in public spending for education, housing, environment, transportation, food programs, Medicare, Medicaid, and Social Security.
2020 Elections: It’s Militarism and the Military Budget Stupid!
Things are becoming chilling. Little afforable housing in america now. So many underwater,with student loans and mortgages
The right wing fundamentalist evangelicals have been accusing Democrats of launching a ‘coup’ over and over again in the right wing news channels..
BREAKING – The fight for America begins: Trump to invoke Insurrection Act that authorizes National Guard, military action inside U.S. borders
Much more at Trump To Declare Insurrection Act, Arrest All Enemies, Deport 30 Million – Sinclair Broadcast Group Owners Promote Trump – Corporate Billionaires Controlled Fascist Future Of ‘State’ Propaganda Mass Media ‘News’ – – Only 1 Percent View Is Aired, Freedom, Democracy Lost | A Green Road Journal
You have to wonder where the breaking point is, Teri – how many people Americans this has to happen to before they don yellow vests and take to the streets. I can’t imagine that the majority of Americans will suddenly take up living in tin shacks.