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Alarming amount of Americans say they’re living pay cheque to pay cheque on $340,000 salaries

submitted by paul_neri to America 2.9 yearsJun 3, 2022 04:36:37 ago (+5/-1)     (www.news.com.au)

https://www.news.com.au/finance/money/costs/alarming-amount-of-americans-say-theyre-living-pay-cheque-to-pay-cheque-on-340000-salaries/news-story/5a9582516fef709c69681cae5c200cf5



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[ - ] Nosferatjew 2 points 2.9 yearsJun 3, 2022 04:42:20 ago (+2/-0)

Wtf is a "cheque"?

[ - ] paul_neri [op] 3 points 2.9 yearsJun 3, 2022 04:44:57 ago (+3/-0)

"Cheque is the British English spelling for the document used for making a payment, whereas American English uses check.".[Library Service]

[ - ] yesiknow 1 point 2.9 yearsJun 3, 2022 05:39:09 ago (+1/-0)

The way they don't say how many people earn over $340,000 a year.

Now they wouldn't be trying to paint a false picture in anyone average readers head as they always do.

[ - ] SecretHitler 2 points 2.9 yearsJun 3, 2022 06:00:37 ago (+2/-0)

Buried in the article it mentions that the $250-340k range is the top 5 percent of wage earners and that's the actual group they're talking about.

But I can also confirm that the article is nonsense and you can live in the most expensive parts the US with that salary and be fairly irresponsible with money and not be living paycheck to paycheck right now.

If you are, it's not due to inflation it's because you're living a stupidly extravagant lifestyle or have a very irresponsible wife that you don't know how to tell no.

[ - ] FreeinTX 0 points 2.9 yearsJun 3, 2022 06:48:07 ago (+0/-0)

Exactly.

[ - ] FreeinTX 0 points 2.9 yearsJun 3, 2022 06:46:49 ago (+1/-1)

But Americans can know this: the costs we are imposing on Putin and his cronies are far more devastating than the costs we are facing,” Mr Biden said.

Lol what a fucking joke.

This article is horrible. If you're making $250k a year and were on a budget that saved 10% a year for savings, well now, you're paycheck to paycheck because of inflation.

The article then discusses a separate study showing people are doing okay.

And then another study that suggests 1 in 9 can't cover an unexpected $400 bill.

It seems to conflate all this to suggest that even those making $250k a year are struggling. They are not.

There is no Putin price hike. It's nothing more than a failed energy and fiscal policy of the Biden Admin. Our FED chair jew bitch even had to admit she was wrong about inflation and showed that the current FED policy is not effective to stem the raise in prices. Printing trillions of dollars in such a short term is leading to the obvious result. Worthless money.

[ - ] HeyJames 2 points 2.9 yearsJun 3, 2022 08:19:51 ago (+2/-0)

There is no Putin price hike. It's nothing more than a failed energy and fiscal policy of the Biden Admin. Our FED chair jew bitch even had to admit she was wrong about inflation and showed that the current FED policy is not effective to stem the raise in prices. Printing trillions of dollars in such a short term is leading to the obvious result. Worthless money.

Except all this has been going on since the 2008 crash. We're feeling the effects of it now so everyone cries and blames the latest kike puppet

[ - ] FreeinTX 0 points 2.9 yearsJun 3, 2022 08:36:58 ago (+0/-0)

If it was about 2008, why are prices so much higher now, versus under Trump?

Trump had $2 gas. Obama had $3.50 and Biden has $4.25.

Yes. Rampant money printing is a root cause of inflation, but it's the failed policies of politicians versus the working policies of businessmen that are the difference here. Put a businessman back into office in 2024, prices will come back down, despite the previous money printing. The banksters will take a loss versus a write off if they're forced to choose.

[ - ] Tallest_Skil 1 point 2.9 yearsJun 3, 2022 08:55:03 ago (+1/-0)

why are

Market speculation and manipulation by government and the Fed. Nothing more. The same reason that gold remains artificially suppressed at ~$1900 an ounce and hasn’t gone to $50,000 an ounce where it mathematically belongs. “Businessmen” don’t fucking matter. The US has been bankrupt since 1913 (they declared it in 1930; no one noticed or cared) and inflation has stolen 99.1% of the purchasing power of the dollar in that time. Prices aren’t going down ever again. Not until there’s civil war.

[ - ] FreeinTX 0 points 2.9 yearsJun 3, 2022 09:59:23 ago (+0/-0)

Not that I disagree with you, but explain how prices went down under Trump.

[ - ] Spaceman84 0 points 2.9 yearsJun 3, 2022 12:50:52 ago (+0/-0)

Market optimism on deregulation, new trade deals, and other market forces. Inflation would have eventually bit Trump in the ass if he'd gotten a second term.

[ - ] FreeinTX 0 points 2.9 yearsJun 3, 2022 15:53:00 ago (+0/-0)

See? This is where I disagree. Unless Trump was compromised, which was possible considering all the stupid unTrump things he did near the end, a good businessman could have forced the jew bankers to take a haircut and eat some of their debt.

A strong president who couldn't be drug off in cuffs for blatant crimes could void all of the debt with a stroke of the pen. All of it. Now, I get that no one would actually go that far, but how far they do go would be up to that individual president.

Politicians are idiots. Lawyers with zero business experience and way too much yes man ass kissing cowardice. But Trump, throughout his career, had no problem bankrupting a bad investment or bad deal. Look what he did in Atlantic City. He was money ahead to dump Trump casino, so he dumped it. If the money printers thought Trump might do something similar, they would capitulate for fear of a huge loss and a grand exposure. A smaller profit is better than a tiny profit.

[ - ] Spaceman84 0 points 2.9 yearsJun 3, 2022 18:42:35 ago (+0/-0)

And that's how you know he was compromised. Or just an idiot who wanted his reputation to be associated with a booming economy enabled by loose money. Clinton gets credit for a good economy thanks to Greenspan holding interest rates near zero. Bush gets credit for the dot com bust. Many such cases!

[ - ] FreeinTX 0 points 2.9 yearsJun 3, 2022 20:27:35 ago (+0/-0)

Give me a president that wants and is capable of being "associated with a booming economy" any day. Fuck the jew bankers. Fuck the debt. We don't owe it. It's odious. Tell them to take their debt and their usury and spice it up their asses and put them in prison/take their shit if they say anything about it. We wouldn't be the first country to do it.

[ - ] Tallest_Skil 0 points 2.9 yearsJun 3, 2022 16:46:13 ago (+0/-0)

Oh, that same mechanism of artificially depreciating. Supply and demand only have a tangential relationship to the cost of services (and even goods) anymore. Compare $19/oz gold in 1913 to $40/oz gold in 1971. The balance sheet went from 3.2 million to 31.8 billion. Then compare $40/oz gold in 1971 to $1850/oz gold in 2022. The balance sheet went from 31.8 billion to 8.9 trillion. They doubled the currency supply in just the last two years, but the price of gold is exactly the same in that time. They can keep it down by trading artificially in paper gold (selling or buying the same paper repeatedly), and the same is true of other industries. Gas is only going up in price because the government has forcibly prevented extraction. Certain crops have (for decades) been either affordable (only due to subsidies) or unaffordable (only due to paying farmers not to plant them) based on government whims. It’s all communism. Has been since FDR.

[ - ] Tallest_Skil 2 points 2.9 yearsJun 3, 2022 08:52:55 ago (+2/-0)

1 in 9

I’ve heard 75% can’t cover a $200 expense. The average American’s personal debt is over $90,000, so taking into account those of us with zero debt, that skews the number that much higher. This ends with tens of millions dying of starvation; there’s no other outcome.

[ - ] we_kill_creativity 0 points 2.9 yearsJun 3, 2022 09:14:42 ago (+0/-0)

so taking into account those of us with zero debt

It's like most people can't even conceive of this option. Have 0 debt, a decent savings...you don't actually have to (((finance))) every fucking purchase you make.

I fucking hate the kikes as much as anyone for what they do for (((personal financing))), but it's not like any of you HAD TO go into massive debt. "BuT tHaTs ThE oNlY wAy To AfFoRd LiFe!!!1!" No...

That's the only way for you to afford your lifestyle...you could downsize your life easily and not have to resort to their debt schemes. Sell your house for a decent trailer, they can actually be really nice inside. Use the money to outright buy the trailer, so you're not going into debt for it...use the rest of the leftover money to pay off most of your debt. Do the same things with your cars, go from 3 to 2 cars, sell the 2 cars to pay for 2 decent used cars and pay off more debt. Rinse and fucking repeat...it's not complicated. GET OUT OF DEBT...save some money...work and make money...these are not complicated concepts.

Yes, it sucks that da joo does their debt shit...I've got awesome news for you... YOU DON'T HAVE TO DO IT.

Here's the problem for da joo and why, no...they don't always win on a long enough timeline...whatever (((plans))) they have for after this current shit show...a debt based economy is literally unsustainable in the long term timeline. "They" have stretched this out for as long as they can...I mean, even going to absurd lengths, aka, clownworld...I'd even imagine "they" know this. The only plans they have for after this are plans for the known failure of their own system. If you are aware of this, you yourself can plan accordingly and stay out of their traps.

The only people that will suffer in this process are those who aren't even willing to do the most basic of things like I mentioned above. And that's probably at least 60% of the population. Only the cream of the crop will remain and let's do a thousand years of a nice world for a change. It can actually be done. I for one look forward to enjoying a world free of the bitching a moaning of people who don't have the ware withal to understand you don't actually have to fall for jew tricks. It will be refreshing.