Smoljaguar on Nostr: > Many Americans are desperate. 50% live paycheck to paycheck all the time. 25% have ...

> Many Americans are desperate. 50% live paycheck to paycheck all the time. 25% have negative net worth: they owe more than they own
I don't deny that many americans are desparate, but the 50% living paycheck-to-paycheck is exaggerated: see https://www.slowboring.com/p/this-economic-myth-needs-to-go-away who cites https://www.federalreserve.gov/consumerscommunities/sheddataviz/emergency-savings.html which says that 54% of adults have 3 months emergency savings. Negative net worth is just a sign of easy credit availability more than anything else