Centrist pundits take issue with Bernie Sanders’s frequent claim that 60% of Americans are living “paycheck to paycheck.” His critics’ attempts to debunk this statistic aren’t convincing.
My family is comfortable, in a house with a mortgage and cars that run and a bit in the bank. We are not “paycheck to paycheck” in that a missed check will doom us. But loss of income for any longer than a month or two would be disaster. I think that’s what this statistic also includes.
So basically, Americans don’t have a safety buffer. In a country where your government doesn’t really give you any social security, I would advice against it.
My family is comfortable, in a house with a mortgage and cars that run and a bit in the bank. We are not “paycheck to paycheck” in that a missed check will doom us. But loss of income for any longer than a month or two would be disaster. I think that’s what this statistic also includes.
So basically, Americans don’t have a safety buffer. In a country where your government doesn’t really give you any social security, I would advice against it.