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Wow: Nearly All Americans Living Paycheck-to-Paycheck

Madison6 Wrote: Jun 25, 2013 9:11 PM
If it should be $21, then why don't we make it $50 an hour. Bet that won't be reflected in the price of things or the number of people working either. If fact, with all the extra money in the economy, it might even kick start it and a boom would be the result. Wait -- if $50 an hour would be good, wouldn't $100 an hour be twice as good? Oh heck, let's go for broke and make it $5,000 an hour and then no one will have to work more than an hour a week, right?
The economy isn't getting better and the unemployment numbers we keep seeing are far from accurate. According to CNN Money, 76 percent of Americans are living paycheck-to-paycheck.

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...