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The percentage of those earning more than $100,000/year living paycheck to paycheck went up from 10% in 2017 to 48% in January 2022. That's a lot more people needing to learn to figure it out.
These threads can get so ridiculous. First off, it was pointed out to the OP that this situation has existed for years (even though he tries to vehemently deny it)
And then we get 100 pages of whataboutisms. If someone is living paycheck -to-paycheck, the first place to look is in the mirror. I can pretty much assure you life wasn't fine and dandy for these people over the last few years either. This doesn't just magically happen with some inflation. In all likelihood, that person/family has struggled all along and it could be for a variety of reasons (and in some cases...dare I say it....bad decisions).....
Poor job skills so income is limited
Poor family planning
The inability to budget and prioritize (living beyond means) and excessive debt (caused by poor financial planning)
Lack of ability to be self sufficient (i.e. fixing and maintaining things)
These are just a few reasons (I'm sure others can list many more).
Ultimately it's a puzzle that is up to the individual to solve. Dealing with these ridiculous whataboutisms is an exercise in futility. It's unlikely anyone on an internet forum is going to be able to fix anything for those complaining (and certainly spending time ranting solves nothing).
Life is hard. I guess you'll need to figure it out.
All true. But inflation is an opportunity for right-wingers to pretend that "Biden caused it". Just the usual simplistic partisan yammering. That's a lot easier than actually analyzing the root cause of a problem, or considering actions to help address it.
To realize that inflation has very little to do with the administration of the day, look at the inflation rates from 1966 to 1987. This bubble period crossed many different Administrations, from Johnson to Nixon to Ford to Carter to Reagan.
No different from today - our current inflation bubble has very little to do with who is in the White House. It's easy to make partisan claims like that, but just as easy to show they are baseless.
Reagan
Jan 1, 1987 1.46%
Jan 1, 1986 3.89%
Jan 1, 1985 3.53%
Jan 1, 1984 4.19%
Jan 1, 1983 3.71%
Jan 1, 1982 8.39%
Jan 1, 1981 11.83%
Jan 1, 1980 13.91%
Carter
Jan 1, 1979 9.28%
Jan 1, 1978 6.84%
Jan 1, 1977 5.22%
Jan 1, 1976 6.72%
Ford
Jan 1, 1975 11.80%
Nixon
Jan 1, 1974 9.39%
Jan 1, 1973 3.65%
Jan 1, 1972 3.27%
Jan 1, 1971 5.29%
Jan 1, 1970 6.18%
Johnson
Jan 1, 1969 4.40%
Jan 1, 1968 3.65%
Jan 1, 1967 3.46%
Jan 1, 1966 1.92%
All true. But inflation is an opportunity for right-wingers to pretend that "Biden caused it". Just the usual simplistic partisan yammering. That's a lot easier than actually analyzing the root cause of a problem, or considering actions to help address it.
To realize that inflation has very little to do with the administration of the day, look at the inflation rates from 1966 to 1987. This bubble period crossed many different Administrations, from Johnson to Nixon to Ford to Carter to Reagan.
No different from today - our current inflation bubble has very little to do with who is in the White House. It's easy to make partisan claims like that, but just as easy to show they are baseless.
Reagan
Jan 1, 1987 1.46%
Jan 1, 1986 3.89%
Jan 1, 1985 3.53%
Jan 1, 1984 4.19%
Jan 1, 1983 3.71%
Jan 1, 1982 8.39%
Jan 1, 1981 11.83%
Jan 1, 1980 13.91%
Carter
Jan 1, 1979 9.28%
Jan 1, 1978 6.84%
Jan 1, 1977 5.22%
Jan 1, 1976 6.72%
Ford
Jan 1, 1975 11.80%
Nixon
Jan 1, 1974 9.39%
Jan 1, 1973 3.65%
Jan 1, 1972 3.27%
Jan 1, 1971 5.29%
Jan 1, 1970 6.18%
Johnson
Jan 1, 1969 4.40%
Jan 1, 1968 3.65%
Jan 1, 1967 3.46%
Jan 1, 1966 1.92%
Yep, after awhile the "this time it's different" crap gets old.
No it did not and it was already pointed out to you in post #160 as much as you'd like to ignore it. And people with savings are not exactly living paycheck-to-paycheck. But do continue to try to make your sensationalistic claims based on your propaganda from "The Hill".
Yes, it did. Living paycheck to paycheck means one's income = one's spending. Those earning $100,000/year living paycheck to paycheck went from less than 10% in 2017 to 42% in October 2021 to 48% in January 2022. I have no idea why you're having such a difficult time understanding that.
Yes, it did. Living paycheck to paycheck means one's income = one's spending. Those earning $100,000/year living paycheck to paycheck went from less than 10% in 2017 to 42% in October 2021 to 48% in January 2022. I have no idea why you're having such a difficult time understanding that.
I have no idea why you continue to make a disingenuous claim and then double down on it.
That might be your ridiculous idea of what paycheck to paycheck is, but I can assure you, it's not most people's.
Just because you learned that idiocy reading "the Hill" doesn't make it so.
This is the problem when you use talking points from a one sided publication and you don't drill down on what those "self reporting" people are actually saying.
I have no idea why you continue to make a disingenuous claim and then double down on it.
That might be your ridiculous idea of what paycheck to paycheck is, but I can assure you, it's not most people's.
Just because you learned that idiocy reading "the Hill" doesn't make it so.
This is the problem when you use talking points from a one sided publication and you don't drill down on what those "self reporting" people are actually saying.
Just read what people are saying in this thread about how $100,000 isn't really that much and after paying taxes, rent/mortgage, child care, basic necessities, etc., there's little to nothing left of that $100,000. Educate yourself.
Just read what people are saying in this thread about how $100,000 isn't really that much and after paying taxes, rent/mortgage, child care, basic necessities, etc., there's little to nothing left of that $100,000. Educate yourself.
Ignore what's happening to an increasing percentage of Americans at your own peril. /shrug
Yawn.
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