In a recent survey, 56 percent of Americans said they have less than $1,000 in their checking and savings accounts combined, Forbes reports. Nearly a quarter (24.8 percent) have less than $100 to their name. Meanwhile, 38 percent said they would pay less than their full credit card balance this month, and 11 percent said they would make the minimum payment—meaning they would likely be mired in debt for years and pay more in interest than they originally borrowed. It paints a daunting picture of the average American coming out of the spend-heavy holiday season: steeped in credit card debt, living paycheck-to-paycheck, at serious risk of financial ruin if the slightest thing goes wrong.
nearly a quarter of the US has less than $100 to their name so stop complaining about donation posts and start complaining about your shitty government
this article got me pissy because i have literally never known a single person who didn’t live like this, i thought this was just normal, and now i find out there’s a whole section of the world writing articles like this being all, “DID YOU KNOW?!?!?!?!?!? CAN YOU IMAGINE HOW THESE PEOPLE LIVE?!?!?!?!?!” and i’m like hey i’m right fucking here ok just ‘cause i don’t pay down my credit card every month doesn’t mean i don’t read esquire
Canada is not magically free of problems, but more and more I am baffled by what our neighbours are expected to put up with.
Jesus, and I considered myself extremely poor when I had less than a thousand in my checking account, never mind my savings account…
America, you need serious help…
I haven’t been working for six months and I have more money in my account than this. That’s not me boasting, that’s me going WHAT THE FUCK IS WRONG WITH THE US???? It continues to disgust me how the system is MADE to keep pouring money to those who don’t need it while stealing it from those who have nothing. What the ever loving hell???
It also permanently fucks up our ideas about money, to a degree that makes it harder for people who get out of poverty to stay out of poverty. When money is an ephemeral thing that can never be saved or increased, only spent, figuring out how to make your money work for you is virtually impossible.
More Than Half of Americans Reportedly Have Less Than $1,000 to Their Name
Meg's Mumbles 