Seeking Alpha

Donald Ingram's  Instablog

Donald Ingram
Send Message
man.
  • Nearly 8 in 10 Americans Now Living Paycheck to Paycheck. 1 comment
    Oct 2, 2010 10:56 AM
    The employment company CareerBuilder, in partnership with Harris Interactive, conducts an annual survey to determine the percentage of Americans living paycheck to paycheck.

    http//careerbuilder.com/share/aboutus/pressrel...

    - In 2007, 43 percent fell into this category.
    - In 2008, the number increased to 49 percent.
    - In 2009, the number skyrocketed up to 61 percent.
    - In their most recent survey, the number exploded to a mind shattering 77 percent.

    This means in our nation of 310 million citizens, 239 million Americans are one setback away from economic ruin. The survey also reported that two in three (66 percent) do not save, while 28 percent set aside only $100 or less per month for savings.

    Disclosure: No Position.
Back To Donald Ingram's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (1)
Track new comments
  • TeresaE
    , contributor
    Comments (3041) | Send Message
     
    As I told my ignorant Congressman in 2005 when Congress was busy voting in the collapse, "ALL we have are 1% minimum payments, zero percent introductory credit, liar loans and home equity loans. This legislation is going to set off a chain of events revealing the reality that "free trade" has left us with."

     

    He called me an "alarmist" that didn't "understand" how the new financial regs would "assure stability."

     

    They are all tools and we re all paying for it.

     

    Thanks Donald, scary, scary stat indeed.
    11 Oct 2010, 09:17 PM Reply Like
Full index of posts »
Latest Followers

StockTalks

  • There is still no other 'kindz like Heinz! (HNZ) Another sweetheart stock. Who said long term hold is bad? People have to eat.
    Mar 8, 2011
  • HRL comes through again! What a sweetheart stock! When times are tough its "Spam in the Pan!" Hawaiian's love it! Me too and the stock also!
    Feb 22, 2011
  • HNZ
    Aug 29, 2010
More »

Latest Comments


Posts by Themes
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.