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Are most people honestly living from paycheck to another? I find that quite difficult to believe. Then again I'm Finnish and not American, so that's probably why I can't see the big picture from a local pov. Just seems.. baffling.
The median savings in the US is 5k. The median monthly expense is 4k.
That gives most people in the US a one month cushion. That's paycheck to paycheck.
If you make 5k and spend 4k a month, while having 5k savings, that's not pay check to pay check. Close though, but what the term implies is 0 surplus, all that you make goes before next pay.
I mean I hear you I was liberal with the definition when I looked up the savings figures.
It's not enough to move states to avoid right wing oppression. Which was really the point I was making. That most people can't simply leave if they don't like the situation.
I forgot part of the equation.
Median savings 4k. Median debt is around 50k. Median monthly income 5k.
Most people are actually worse than pay check to pay check.