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60% of Americans Living Paycheck To Paycheck and Have No Emergency Funds

60% OF AMERICANS PAYCHECK TO PAYCHECK

The statements, views and opinions expressed in this column are solely those of the author and do not necessarily represent those of this site. This site does not give financial, investment or medical advice.

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Let’s face it. The majority of people today are living paycheck to paycheck. They can’t afford their bills but just barely get by, largely by use of debt. This is why we have seen home equity being used as a piggy bank, stocks being used as collateral, and a huge disparity in between the very few on top, and everyone else. The globalist elite are skilfully crafting each step of the way.

 

Nearly two-thirds of Americans are living paycheck to paycheck during COVID pandemic – Study Finds

Nearly two-thirds of Americans are living paycheck to paycheck during COVID pandemic

At this moment in 2020, a staggering 82 percent admit they can not afford a surprise $500 expense, if they suddenly have to face one.

Palpable poverty: Most Americans don’t have enough assets to endure 3 months without income – Study Finds

Palpable poverty: Most Americans don’t have enough assets to endure 3 months without income

More than three in four low-to-moderate income U.S. households have dipped below the asset poverty threshold, according to a new study.

A bleak outlook for millions facing cutoff of US jobless aid

A bleak outlook for millions facing cutoff of US jobless aid

INDIANAPOLIS (AP) – Tina Morton recently faced a choice: Pay bills – or buy a birthday gift for a child? Derrisa Green is falling further behind on rent.

ABC News to Lay Off Staff Amid Broader Disney Reorganization – Variety

ABC News Head James Goldston on Layoffs: ‘Necessary as We Adapt to Changes in Our Business’

ABC News is laying off a low single-digit percentage of the news division’s 1,400 staffers,

The stock market is soaring to new heights. But most Americans aren’t along for the ride. – The Hour

The stock market is soaring to new heights. But most Americans aren’t along for the ride.

There are times when numbers tell a story, and this is one of them. And sometimes, as in…

OpenTheBooks on Twitter:

“Since 2004, 20 large federal agencies have admitted to disbursing $2.3 TRILLION in improper payments. For example, dead people received $871.9 million in mistaken payments! https://t.co/kuFLZ3G5N0 https://t.co/VHcLVsFcAb” / Twitter

OpenTheBooks on Twitter: “Since 2004, 20 large federal agencies have admitted to disbursing $2.3 TRILLION in improper payments.For example, dead people received $871.9 million in mistaken payments! https://t.co/kuFLZ3G5N0 pic.twitter.com/VHcLVsFcAb / Twitter”

Since 2004, 20 large federal agencies have admitted to disbursing $2.3 TRILLION in improper payments.For example, dead people received $871.9 million in mistaken payments! https://t.co/kuFLZ3G5N0 pic.twitter.com/VHcLVsFcAb

Why America Is In Trouble – 20 Largest Federal Agencies Admit To $2.3 Trillion In Improper Payments Since 2004

20 Largest U.S. Federal Agencies Admit To $2.3 Trillion In Improper Payments Since 2004

Last year, these improper payments totaled $175 billion – that’s about $15 billion per month, $500 million per day, and $1 million a minute.

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Improper_Payments_Report_v8.pdf

Click to access Improper_Payments_Report_v8.pdf

The Franchise Relationship That Powers Small Business Is Fraying – WSJ

https://www.wsj.com/articles/the-franchise-relationship-that-powers-small-business-is-fraying-11606750990

‘Millionaire’s tax’ for virus relief passes Argentina Senate – France 24

‘Millionaire’s tax’ for virus relief passes Argentina Senate – France 24

‘Millionaire’s tax’ for virus relief passes Argentina Senate

Jamba is using an robot to make smoothies at a Walmart – Business Insider

A robot is now making Jamba smoothies in a California Walmart in less than 3 minutes

The contactless kiosk uses a robotic arm to retrieve the ingredients and make the smoothie. It’s one of Blendid’s five kiosks in California.


The stock market has been increasing dramatically in 2020. More people have been buying tech stocks. More funds have been purchasing technology stocks. Every company has been doing well by buying back shares. More retail investors are choosing to purchase stocks with leverage, etf.


— APPENDICES —


— FOOTNOTES —

The Money GPS on Twitter: “Wake up to the suits and ties. They’re all lying to you. None are your friends. None wish to help you. Wolves in sheep clothing. More distractions than ever before. The magician always makes a spectacle to hide the trick. / Twitter”

Wake up to the suits and ties. They’re all lying to you. None are your friends. None wish to help you. Wolves in sheep clothing. More distractions than ever before. The magician always makes a spectacle to hide the trick.

The Money GPS on Twitter: “JANET YELLEN MIGHT BE BACK. Anyone suggesting government took over the Fed and not the other way around needs to wake up. Fed gained more control. Even Bloomberg admits it. The revolving door and the control over the public is very evident to those paying attention. #janetyellen pic.twitter.com/2lHmrIHw0T / Twitter”

JANET YELLEN MIGHT BE BACK. Anyone suggesting government took over the Fed and not the other way around needs to wake up. Fed gained more control. Even Bloomberg admits it. The revolving door and the control over the public is very evident to those paying attention. #janetyellen pic.twitter.com/2lHmrIHw0T


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The Money GPS on Twitter: “The Money GPS Financial Education 101 coming soon.100% free eCourse for you to learn from but for those who already know the content, this is perfect to share with others. I’m creating this course for people specifically to get the foundation #money #moneyGPS #financialeducation pic.twitter.com/nzqVVSSorT / Twitter”

The Money GPS Financial Education 101 coming soon.100% free eCourse for you to learn from but for those who already know the content, this is perfect to share with others. I’m creating this course for people specifically to get the foundation #money #moneyGPS #financialeducation pic.twitter.com/nzqVVSSorT


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Sources Used in This Video: http://bit.ly/TheMoneyGPSSources2020


The Money GPS is the most active, most informative channel in the financial world. Day after day, breaking down the data and making it easy to understand. This channel is not here to help build a portfolio, give stock picks, or financial advice. It’s simply data that is generally not found through conventional means.

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The statements, views and opinions expressed in this column are solely those of the author and do not necessarily represent those of this site. This site does not give financial, investment or medical advice.

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David Bowlas
David Bowlas
December 9, 2020

Ah so glad the American dream is not dead. We in Britain can’t wait for our politicians to replicate that world of plenty.

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