The recent reports may show that some Americans are struggling to make ends meet, but hey, who’s counting, right? Apparently, over sixty percent of Americans are living paycheck to paycheck. Can you believe that? These folks are making it rain every payday and still struggling to keep the lights on. It’s like they’re playing their own version of the Monopoly game, but instead of passing go and collecting $200, they’re passing go and praying the electricity doesn’t get shut off.
But get this – according to a study from The LendingClub, forty percent of consumers have “super-prime credit scores.” So, they’ve got the super-prime credit, but they’re still pinching pennies like they’re trying to crack a secret code to financial freedom. It’s like having a Lamborghini in the driveway but hitching a ride to the grocery store because you can’t afford gas. Who comes up with these studies?
50% of American earning over $100,000 a year live paycheck to paycheck, per CNBC.
— unusual_whales (@unusual_whales) December 19, 2023
And speaking of spending, according to Breitbart and ZeroHedge, a whopping 96% of shoppers are planning to “overspend” during the holiday season. Do they even know what the term “budget” means? It’s like the stock market is preparing for a feast while the average Joe is trying to figure out how to afford a turkey sandwich.
Now, let’s talk about credit card debt. A study published by PYMNTS revealed that only 43% of consumers are successfully paying off their credit card balances, while a staggering 65% are struggling to make a dent in their debt. It’s like trying to bail out a sinking ship with a teaspoon – you’re not getting very far and you’re probably getting wet in the process.
But wait, there’s more! According to Unusual_Whales, even Americans earning over $100,000 a year are living paycheck to paycheck. It’s like watching a high-stakes poker game where everyone is bluffing their way through life, hoping they don’t get called out for being broke.
And let’s not forget about President Biden’s so-called “Bidenomics.” According to House Republicans, the average American is feeling the pain of an $11,400 increase just to maintain their quality of life. It’s like playing a game of “How much can we squeeze out of the American people before they revolt?”
So, while the stock market may be soaring, the average American is feeling the squeeze. It’s like watching a magic show where the magician is making all the money disappear, and the audience is left wondering if they’ll ever get their turn to pick up the cash.
2024 presidential election, here we come! It’s like watching a reality TV show where the contestants are Wall Street, Main Street, and the White House, and the drama is more intense than a soap opera. Let’s see who makes it out with their wallets intact!