Over 40% of US Households Are One Paycheck Away From Poverty

1. It is So important to save some kinda of money somewhere!!!

2. The technological economy of the 21st century, has seen many lower income jobs disappear. There r too many poor in the US now, and not enough jobs for the lower classes.It will continue to worsen, and there will be more homelessness and crime. Rising rents and mortgages r making the cost of living unaffordable. All across the US there is less and less affordable housing being built. Socialism is taking over.

3. Why not drill down deeper and talk about single households, poor choices for degrees etc…

4. It's actually closer to 76 percent of Americans are living paycheck to paycheck.

5. If you give a man a fish, you feed him for a day. If you teach a man to fish, you feed him for a lifetime

6. your stupid news always making it political,racial,etc- try again. go to the inner cities. hang out in corner stores.See what most "poor" city purple buy,both with cash and their food stamps. Expensive items I could never afford,items I wish I could have but buying would set me back even more back than I already am on my meager earnings.I see kids buying $3 Ice cream bars, stacks of chips,cookies,candles with food stamps and adults repeatedly going to the stores buying a Newport cigarette for 75 cents each instead of just buying a cheaper brand $5 entire pack.I won't even get into the corrupt stores selling these people packs of Newport for $20 each pack on their food stamp card. I see it throughout the city so it's not rare or isolated. There are no checks in place,no monitoring. There are people on assistance who have boyfriends/girlfriends supporting them, spending government money to party, buying $80 worth of jumbo shrimp for their football parties.Store owners on welfare, buying cases of cheap items at big stores,with food stamps,and reselling at their stores for $2 each juice.All in the tax payers hard earned money. So before you do these dumb shows blaming politics, race, whatever on inability to save, go freaking investigate, live it, before making your videos. You are clueless what goes on in the real world.

7. How can you be only one paycheck away from poverty? That is poverty!

8. What's the math now during covid19 season?

9. This story is a year old. Look at the poverty now. The American success story. Very sad.

10. Been saving for one year while having to jobs and working over 70+ a week. Manage to save 15k and lost it all during the pandemic to pay the bills.
    Now I’m on minimum wage and getting into debt every single month to make ends meets.

    I’ve been researching how to eat with 20$ a week.

    I don’t want food stamps nor stimulus checks.

    What I want is competition between companies for labor and prove my worth and enhance and create new skills.

    I can figure anything else myself

11. Let’s give a quick shoutout to SARS-COVID-19

12. https://www.youtube.com/watch?v=GbvNhQ4lYLE

13. As of 2015, 88% of Americans own a car according to Global Car, Motorcycle, and Bike Ownership, in 1 Infographic article on Bloomberg. com. How is it that 88% of their population own a car, while 40% are one paycheck away from poverty? Owning a car is one of life's biggest expense. Could it be that owning a car is one of the reasons why people are poor?

14. They keep talking about white people doing better than blacks by liquid assets and how it’s wrong somehow…..yet they also at the same time show charts that clearly state that ASIANS have the most. More than whites and blacks and Latinos… but no one seems to care that Asians are well off….just is a problem if white people are doing better….strange shit lol

15. https://youtu.be/hBd35DOwymM

16. I can only imagine now.

17. Im rich in heart, im blessed ☺

18. the current version of capitalism, which started operating under Reagan in the 1980s, is called Neoliberalism, and is much harsher on the middle and the poor than it is on the rich. The previous version was called Keynesianism, and operated from just after the end of WW2 until the mid 70s. That time was called the golden age of capitalism, when wages were good and income taxes (especially on the rich) were relatively high, and there was full employment and free or almost free college for all, with adequate-or-better healthcare provided by the majority of employers, along with high economic growth and moderate interest and mortgage rates, under which the majority of employed people could hope to buy a home. For those who could not, rents were not onerous.

19. Again Asian culture pulls through. Save your money instead of buying Jordan’s and iPhones

20. The former Federal Reserve Chairman Alan Greenspan, testifying before Congress, was quite open about the role of debt peonage in keeping workers passive. Greenspan pointed out that since 1980 labor productivity has increased by about 83 percent. Yet real wages have stagnated. Greenspan said this was because workers were too burdened with mortgage debts, college loans, auto payments and credit-card debt to risk losing a job. Household debt in the United States is around $13 trillion. This is only $2 trillion less than the country’s total yearly economic output. Greenspan was right. Miss a payment on your credit card and your interest rates jumps to 30 percent. Fail to pay your mortgage and you lose your home. Miss your health insurance payments, which have been spiraling upwards, and if you are seriously ill you go into bankruptcy, as 1 million Americans who get sick do every year. Trash your credit rating and your fragile financial edifice, built on managing debt, collapses. Since most Americans feel, on some level, as Hudson points out, that they are a step or two away from being homeless, they are deeply averse to challenging corporate power. It is not worth the risk. And the corporate state knows it. Absolute power, the philosopher Thomas Hobbes wrote, depends on fear and passivity.

21. Bologna!!! How about overspending and financing things you can not afford. You are giving only a one sided view. You do not go out and buy a 30, 000 car on a 25, 000 income. Or financing your life on credit cards. How about single parenthood? Or sky high divorce rates? Do not tell me this is not a huge part of the problem.

22. Discrimination again🥱🙄! I was born in a poor country. We knew very well there was no government to count on, so we had to study and work. Here in the States government gives out too much killing the incentive to work!

23. aren't you gloriously rich, oh my

24. Half a paycheck. But Boeing gets 50 billion for not having work.

25. Her study is flawed and near sighted. Over 60% of white families are liquid poor including the so called middle class which couldn't survive 3 months if they lost their income. Of all my senior friends not one is able to come up with $300 in an emergency. The economic picture for all races would be much better if drugs and alcohol abuse wasn't sucking so much out of their income. Add gambling to that problem, it bankrupts over 500,000 people a year. Her statement that " its not because of individual economic decisions that cause the problem proves she turns a blind eye to children who suffer in households where one or both parents are addicted. She is institutionalizing bigotry, modern day social pirates who live off problems rather then hold all people responsible for their decisions and work together to solve them.

26. Trump's America… Obama's America, hell it's always been this way because we force people to slave just to survive.

27. Vote Andrew Yang for President 2020. He wants to help Americans by giving each adult $1,000 / a month. YouTube Andrew Yang for more information.

28. Can we start the game of monopoly over i want to be the wheelbarrow this time so i can cart my cash around

29. The End of Capitalism

30. 43% of U.S. households can't afford a monthly budget that includes housing, food, child care, health care, transportation and a cell phone.

31. If we could stop blaming everyone and everything for our financial situation and find a cure for greed, our economy would right itself almost overnight. Prices would go down, people would stop overspending on things they don't need, corporations would make products that would last a long time and offer services that people could easily afford. Wages would go up, benefits would be offered, and anyone could go to a local eatery at any time of the day or night for a free meal. Doctors would do house calls, vets would also, at no extra cost. Mechanics would fix your car at half the going rate. Rents would come down, and everyone could relax. Even the rich. Because without feeling greedy, they would not feel the need to squeeze every dime out of people. In fact, without greed, the rich would start giving their money to worthy causes, and research centers that already have cures for terminal diseases would release what they know and stop hiding the facts in order to keep money for research going. Medicine would come down, and not be prescribed so much. Doctors would learn about more natural forms of healing instead of using pills. Oh, what dreams may come.

32. This people, our económic is great againg. Lol

33. over 40% like waaaaay over 40%, like 70%

34. So sad.

35. I wish people would stop with black/latino bs. A lot of latinos dont wanna associate themselves with black folks' struggles like that because if you hear some of them tell it, you wouldve swore they were white.

36. All I see is McMansions everywhere, people are doing great. Why does everyone love doom and gloom.

37. Saving does not create wealth unless youre making more than 6 figures a year. Wealth is inherited generationally.

38. There is also discrimination and inequality that contribute to poverty. For example Hispanic and asian illegal immigrants are favored more in housing jobs and reaour1

39. A other shocking thing is that most people retire with less than 10,000 dollars in savings. That's for a lifetime of work.

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