“‘I see no way out’: Living paycheck to paycheck is disturbingly common”. “What do professors, real estate agents, farmers, business executives, computer programmers, and store clerks have in common?” Quotes from a recent article by Danielle Paquette. She further writes;
“They’re not immune to the harsh reality of living paycheck to paycheck, according to dozens of people who responded to a Washington Post inquiry on Twitter.”
“They’re millennials, Gen Xers, and baby boomers. They work in big cities and rural towns. They’ve tried to save — but rent, child care, student loans, and medical bills get in the way.”
Recent news that Americans are racking up ‘Record Levels” of credit card debt (CLICK HERE), adds further confirmation that in order to sustain our ‘Middle-Class’ lifestyles people across the board are driving themselves further into debt because the gap between the cost of ‘living well’ and our paychecks is getting wider and wider.
Of course ‘Uncle Sam’ is NO roll-model regarding fiscal responsibility with the national debt reaching an astronomical 22 Trillion Dollars. The whole situation is obviously ‘UN-sustainable’ on a national and household level. Here are some more quotes from the article by Danielle Paquette;
“It’s astronomical what people need just to make it month to month,” said Heidi Shierholz, a former chief economist at the Department of Labor who now studies how middle-class families spend their wages at the Economic Policy Institute, a Washington think tank that is funded by foundations and unions. “Given the high cost of transportation, housing, health care. … There is often no wriggle room.”
“Beyond the federal labor sphere, workers across a variety of professions struggle to make ends meet. Sol Smith, chair of liberal arts at a Southern California college, said he landed his job after earning three degrees. But with four daughters and mounting health-care costs, he said, saving just isn’t possible.
“I see no way out,” he wrote in an email to the Post. “I am 40, have built a strong career, have 17 years experience, and if something were to happen to me, my wife and kids would be homeless within a year when my life insurance ran out.”
Is it any wonder people are ‘tense, nervous, and uptight’ Heaven Help Us All!
To Read The Entire Article By Danielle Paquette (CLICK HERE)