Tag Archives: paycheck to paycheck

The American Way- Living Paycheck To Paycheck

It is brutal reality in America- most Americans run out of money before their next paycheck.  No matter how much you earn, the struggle never seems to end.

According to the recent report by CareerBuilder, seventy-eight percent of full time workers said they live paycheck to paycheck.  Interestingly, 71 percent of all U.S. workers are now in debt- amounting to increase by 3 percent over last year.

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It is true that household income has grown over the past decade, but it has failed to keep up with the increased cost-of-living over the same period.  Even those making over six figures said they struggle to make ends meet, the report said. Nearly 1 in 10 of those making $100,000 or more said they usually or always live paycheck to paycheck, and 59 percent of those in that salary range said they were in the red.

According to the survey, aside from the insecurity of living without a financial cushion, the phenomenon has another downside: It hampers Americans' ability to save for retirement. About 18 percent of workers cut back on their 401k contributions or personal savings in the last year and more than one-third don't put away money for retirement.

20 Reasons To Join WiFi Millionaire 

Personal responsibility does play a role in Americans' financial problems, with the survey finding that only a third of workers stick to a budget. Asked what spending items they wouldn't give up, more than half said they'd never cut back on their internet connection or mobile devices.

That might seem like an extravagance to some, yet the truth is many Americans can't work effectively without internet service at home or a smartphone, with employers increasingly expecting workers to check their email while they're out of the office or be available for a call.

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Most financial experts recommend stashing at least a six-month cushion in an emergency fund to cover anything from a dental bill to a car repair – and more if you are the sole breadwinner in your family or in business for yourself.

The solutions are available for people to enhance their earnings by formulating new ways to earn money to increase their cash flow while restricting their expenditures. Thanks to the very tools they can't cut back- internet and phones- can generate passive income so they do not have to live paycheck to check.

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It is true that there are many scams out there; but there are many legit systems that will help you attain desired cash flow.  In most cases, you are able to earn without affecting your current lifestyle and without necessarily impacting your family time.

Surely earning on internet may not be easy, but it will increase your cash flow, reduce your stress and perhaps, will lead you to financial freedom.

If you are totally clueless, check Rookies Path To Millionaire.
If you are over 50, checkout Retire Healthy, Retire Wealthy, Retire Happy.
If you are internet savvy check Become WiFi Millionaire.
You may also want to check BizBuzz


American Household Is Getting Poorer


Election season is on the horizon and the current administration theme for the election season is economic inequality.  The administration states that the rich are getting richer.  That may be true but in reality the typical American household is getting poorer too.

According to Russell Sage Foundation study, the inflation-adjusted for typical household net worth was $56,335 in 2013 whereas in 2013 the net worth was $87,992.  That represents 36 percent decline.  The net worth for typical household has been increasing till the last recession in 2007.  But since then typical household has experienced a downward spiral.  The state of the typical household does not take into account the losses incurred as a result of the devaluation of the value of their dwelling.

Despite the downward trend for typical household, the administration insists that the economy is getting better.  The reality does not indicate that economy is getting any better.  According to a new report that was released by the U.S. Census Bureau, median household (adjusted for inflation) has declined substantially for five years in a row.

Economic situations for average American families are not getting better despite all of the emergency measures taken to stimulate the economy.  Furthermore, the current administration has been borrowing and spending money at an increased rate than ever.  The administration insists that inflation is low even though the cost of everything just keeps going up.  However, if inflation is calculated based on the way it was calculated in 1980, the current inflation rate is between 8 to 10 percent.  Every American family is impacted by the current “inflation” as their paychecks are being stretched more than ever before.

Is it any wonder then why about three-fourths of the United States is living paycheck to paycheck?

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And yet, the current administration insists that things are getting better.  Really!  One out of every five households in the United States is on food stamps.  The state of the nation is not better when 20 percent of the population is dependent on food stamps.

It is true that rich are getting richer, but rich may not be totally responsible for the ills of the economic state of the United States.  Realistically, the country has been witnessing the systematic degradation of the middle class over the past decade.  Shockingly, after accounting for inflation, right now 40 percent of all workers in the United States are making less than what a full-time minimum wage worker made back in 1968.

If You Like More Than Two Paychecks a Month…

The reasons for the continuous decline may be complex and controversial.  One can only hope that the slow and steady and economic decline will not continuously linger and result in a full-blown catastrophe.  But one has to wonder that when only a few people are winning and more than half the population is losing, it is time to set politics aside and do what is good for all American families.
(Picture credit- abcnews.com)

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