62% of Americans are still living paycheck to paycheck, making it ‘the main financial lifestyle,’ report finds
cnbc.com
Breaking news: in one of the most productive countries / economies in the entire history of humanity, the majority of people creating that productivity do not get to enjoy the rewards of that productivity.
same as it ever was.
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And some people think the Earth is flat...
But neither population is statistically significant
Selling my stocks to pay rent would be like selling my car to pay for a bus ticket.
if you need to sell your stocks to receive value from them then you're gambling not investing and I would actually consider that the same shitty situation.
The median savings is $5,300. So at the bare minimum, 12% of America has over $5,300 in savings but considers themselves "paycheck-to-paycheck."
If you only have about 5K in savings, you need that in savings for emergencies such as medical expenses or suddenly needing to move due to rent increases. That is paycheck to paycheck.
jeez. that's the low-end of my goal for yearly savings. I generally average a bit more, at least the last few years.