Most Americans cannot afford a $1K emergency expense

https://www.foxbusiness.com/economy/most-americans-cannot-afford-1000-emergency-expense

HYPERLINK has full article

snip

A majority of Americans say a $1,000 emergency expense would be too great of a hit to their savings and that they could not afford it, according to new data released Wednesday.

Bankrate's latest survey results found 56% of U.S. adults lack the emergency funds to handle a $1,000 unexpected expense and one-third (35%) said they would have to borrow the money somehow to pay for it........

The sharp price increases have squeezed U.S. household budgets and led to Americans putting more everyday expenses on credit cards

end snip

More reality regarding the avg folks. Before the usual Democrat voting suspects chime in and blame the avg folk, keep in mind that some who do not have $1k probably also vote Democrat.

This is the reality today and no spin machine at ABC or NPR can change that

 

"keep in mind that some who do not have $1k probably also vote Democrat."


Your posit requires a suspension of disbelief a reasonable person cannot achieve regarding that baseless claim.

 

In 2020, 70% of Americans said they lived paycheck to paycheck.

This percentage fell to 64% in 2023.

-6%.

Bidenomics work.

https://www.lendingtree.com/debt-co...is figure is worrying,% and 53%, respectively.

 

Per usual the OP does not do any research but relies on sites like fauxnews for information that is skewed.
Corporate profits come in for rough criticism
Earlier this week, President Biden called out the role of private-sector profit-gouging in inflation.

“Let me be clear,” he said Monday. “To any corporation that has not brought their prices back down, even as inflation has come down, even supply chains have been rebuilt — it’s time to stop the price gouging, [give] the American consumer a break.”
ttps://thehill.com/homenews/4333237-gdp-corporate-profits-soar-as-biden-calls-out-companies-for-price-gouging/
Other news reputable news sources report the same problem with price gouging by corporations to line the pockets of share-holders, showing complete disregard for the consumer.
Corporate profits have contributed disproportionately to inflation. How should policymakers respond?
The inflation spike of 2021 and 2022 has presented real policy challenges. In order to better understand this policy debate, it is imperative to look at prices and how they are being affected.

The price of just about everything in the U.S. economy can be broken down into the three main components of cost. These include labor costs, nonlabor inputs, and the “mark-up” of profits over the first two components. Good data on these separate cost components exist for the nonfinancial corporate (NFC) sector—those companies that produce goods and services—of the economy, which makes up roughly 75% of the entire private sector.
https://www.epi.org/blog/corporate-...to-inflation-how-should-policymakers-respond/
However, the OP continually posts about the trouble with layoffs and trying to blame it in the current Administrations policies.
Nothing could be further from the truth.

 

I get your point. But hasn't life in America always been that way for most people, living paycheck to paycheck, and one emergency cost away from broke?

 

Thank you so much for the Biden endorsement @sec

 

instead of Democrat pom poms; why not address the topic. The folks who were polled told it like it is. No spin on your part can change that. Shame for trying to obfuscate the actual facts.

 

Americans spend until they are broke, then borrow on revolving debt. The most financially irresponsible citizen is still better than the most responsible politician!

 

People who love poverty vote RepubliCON.

 

Do you want to learn where your philosophy here is wrong, or no?

One simple question. Does a dollar carry the same value everywhere in the US?

 

Living paycheck to paycheck is good when a republican is president because it teaches one to save...

 

This little ditty of a thread is so redundant it ain't funny...

 

The OP premise is a useless statistic.
Could people pay that last year, the year before, 5 years ago, 10 years ago?

 

I'm not surprised by this revelation from the OP. The GOP gets voted into the House and instead of actually writing legislation to help the people, they decide to try and impeach to POTUS over his crackhead son's dick pics.

Voting for Republicans always comes with dire consequences to the American people.

 

Here'a s survey from 2018.

Most Americans can't cover a $1,000 emergency

I'm sure the OP did not post this back then.

 

A $1,000 emergency would push many Americans into debt

Published Wed, Jan 23 20199:41 AM

 

To be fair, that was Marge and she could not help herself.

 

And anyone who claims otherwise is looking for a handout and can’t accept personal responsibility

 

to be fair, when had most Americans not said that?

but I do agree, universal health care is needed

 

exactly

 

A 6% drop is all good and fine, but that’s still a big majority of Americans still living paycheck to paycheck, and some of those checks don’t get a lot bigger over the years in some places.

 

This is a slightly lower percentage than in other countries such as Canada, France, Uk....

 

People are more poor under brandon that previously.

 

Touché!

 

Yah? How many had 1000 for bills before Biden?