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Author Topic: 76 of Americans are living paycheck-to-paycheck  (Read 2040 times)

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Offline Binechi

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76 of Americans are living paycheck-to-paycheck
« on: June 25, 2013, 06:00:58 AM »
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  • 76% of Americans are living paycheck-to-paycheck

    http://money.cnn.com/2013/06/24/pf/emergency-savings/index.html

     :kick-can:



    Offline Telesphorus

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    76 of Americans are living paycheck-to-paycheck
    « Reply #1 on: June 25, 2013, 06:08:21 AM »
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  • It is inevitable in a country where the money supply comes from credit.


    Offline Stubborn

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    76 of Americans are living paycheck-to-paycheck
    « Reply #2 on: June 25, 2013, 06:42:44 AM »
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  • Quote from: Telesphorus
    It is inevitable in a country where the money supply comes from credit.


    So true.

    Also true is that there are too many greedy business owners that take the lion's share of whatever revenue the business brings in, usually leaving only chicken feed for the employees to live off of.

    I remember one small place I worked (4 employees, company was netting +$4 million/year) -  the top producing employee who was living paycheck to paycheck was getting evicted from his modest old house - meanwhile, the owner of the company, who was building himself a multi-million dollar mansion came in one day and struck up a conversation complaining about the delay in the arrival of his new $100k Jaguar convertible.

     

    "But Peter and the apostles answering, said: We ought to obey God, rather than men." - Acts 5:29

    The Highest Principle in the Church: "We are first of all under obedience to God, and only then under obedience to man" - Fr. Hesse

    Offline Tiffany

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    76 of Americans are living paycheck-to-paycheck
    « Reply #3 on: June 25, 2013, 06:44:38 AM »
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  • Paycheck to paycheck would be an improvement.  :laugh1:

    Offline Tiffany

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    76 of Americans are living paycheck-to-paycheck
    « Reply #4 on: June 25, 2013, 06:47:42 AM »
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  • Quote from: Stubborn
    Quote from: Telesphorus
    It is inevitable in a country where the money supply comes from credit.


    So true.

    Also true is that there are too many greedy business owners that take the lion's share of whatever revenue the business brings in, usually leaving only chicken feed for the employees to live off of.

    I remember one small place I worked (4 employees, company was netting +$4 million/year) -  the top producing employee who was living paycheck to paycheck was getting evicted from his modest old house - meanwhile, the owner of the company, who was building himself a multi-million dollar mansion came in one day and struck up a conversation complaining about the delay in the arrival of his new $100k Jaguar convertible.

     



    Or more common hearing about their vacation problems or whatever luxury they  are griping about.  :rolleyes:  It's not just with the super wealthy, the middle class/upper middle class often does it too with luxuries.


    Offline songbird

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    76 of Americans are living paycheck-to-paycheck
    « Reply #5 on: June 25, 2013, 08:06:12 AM »
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  • We lived pay check to pay check for 14 years.  The credit card came when we home schooled and paid off as soon as the bill came.  That is a wonderful life!!!

    Offline Frances

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    76 of Americans are living paycheck-to-paycheck
    « Reply #6 on: June 25, 2013, 10:59:43 AM »
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  •  :scratchchin:
    I've lived this way for 35 years.  It is very fitting for the sojourn on earth.  The Israelites were just passing through the wilderness of Sinai on the way to Canaan.  God had them living paycheck to paycheck in the form of manna and quail.  Those who hoarded it up in hope of a few days off in addition to the Sabbath were rewarded with a stinking mess.  
    The idea that one is entitled to amass unlimited material goods is not Catholic.  It's American capitalism at best.  At worst, it's materialism which is really Communism, a form of idolatry.  Didn't St. Paul say, "Having food and raiment, let us be therewith content."
     :cheers: :jester: :popcorn: :dancing: :chef: :ready-to-eat:
     St. Francis Xavier threw a Crucifix into the sea, at once calming the waves.  Upon reaching the shore, the Crucifix was returned to him by a crab with a curious cross pattern on its shell.  

    Offline Marlelar

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    76 of Americans are living paycheck-to-paycheck
    « Reply #7 on: June 25, 2013, 04:10:55 PM »
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  • Speaking of luxury items, I am reading an interesting book entitled On Luxury, A Cautionary Tale, what I find interesting is that it is written from a secular POV and yet still expounds on the problems associated with having a "luxury" mentality.  

    I've only just started it but so far he has covered the ancient Roman and Greek attitudes towards luxury.  Even coming from a strictly human understanding the ancient philosophers knew that "luxury" was not good.  They equated it with effeminacy and weakness.  Of course that did not stop the small minority of wealthy individuals from indulging in it, but it did help moderate the society in general.

    Marsha


    Offline Arbogastes

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    76 of Americans are living paycheck-to-paycheck
    « Reply #8 on: June 25, 2013, 04:11:57 PM »
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  • Quote from: Frances
    ...The idea that one is entitled to amass unlimited material goods is not Catholic.  It's American capitalism at best.  At worst, it's materialism which is really Communism, a form of idolatry.  Didn't St. Paul say, "Having food and raiment, let us be therewith content."
     :cheers: :jester: :popcorn: :dancing: :chef: :ready-to-eat:


    I agree.

    As someone I listened to pointed out, the mega-corporations of today, even though they claim to be the "titans of capitalism", in reality operate more like large soviet collectives than as free-enterprise businesses (e.g. as seen by the top-down control, the different levels of bureaucracy, the deals made with "governments", etc.).

    Capitalism and Socialism (which includes both Communism and Fascism) are nothing but two sides of the same coin (i.e. Modernism).

    Offline wallflower

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    76 of Americans are living paycheck-to-paycheck
    « Reply #9 on: June 25, 2013, 04:39:39 PM »
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  • While I'm sure there are many who would love unlimited material goods, I don't think the majority expect it. What I've always heard to be considered a "healthy" financial standing is to have 3-6 months wages in savings.

    Paycheck to paycheck makes it stressful when there are unexpected expenses, and while we know how to cope with it spiritually, materially speaking the "ideal" is to have some savings for such events.

    It makes sense to me and I don't think that is outside the bounds of being poor in spirit. 3-6 months of savings goes very quickly if there's a job loss or an accident etc... It's far from amassing unlimited wealth.

    I don't think that concern for the majority living paycheck to paycheck necessarily means one is attached to luxury, it just means they recognize the difficulties those families will encounter by not having savings, which usually then reflects more difficulty onto the economy in general and fosters a vicious cycle.  

    Having said that, I am only going off the comments and do not know the tone of the article. I didn't read it so I can't comment on it specifically, just on the subject generally.

    Offline RomanCatholic1953

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    76 of Americans are living paycheck-to-paycheck
    « Reply #10 on: June 25, 2013, 05:22:45 PM »
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  • Wait until January 2014 when Obamacare kicks in.  

    What remains now of the middleclass will be decimated.

    The percentage of 76 will go to about 98 percent.


    It is all designed to be this way by the ruling elite.  


    Offline Donachie

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    76 of Americans are living paycheck-to-paycheck
    « Reply #11 on: June 25, 2013, 05:26:58 PM »
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  • "We have included in the constitution such rights as to the masses appear fictitious and not actual rights.

    All these so-called "Peoples Rights" can exist only in idea, an idea which can never be realized in practical life. What is it to the proletariat laborer, bowed double over his heavy toil, crushed by his lot in life, if talkers get the right to babble, if journalists get the right to scribble any nonsense side by side with good stuff, once the proletariat has no other profit out of the constitution save only those pitiful crumbs which we fling them from our table in return for their voting in favor of what we dictate, in favor of the men we place in power, the servants of our AGENTUR

    ... Republican rights for a poor man are no more than a bitter piece of irony, for the necessity he is under of toiling almost all day gives him no present use of them, but the other hand robs him of all guarantee of regular and certain earnings by making him dependent on strikes by his comrades or lockouts by his masters."


    The experience of poverty may come from different sources. The third joyful mystery is for the spirit of poverty ... but not in discord with the faith.

    "Scientific" materialism is the secret of global communism and modernism. If that is the reason for poverty, it is not good.

    The spirit of Christian poverty is not the spirit of the scam. It is not for any Christian reason that Americans and Europeans are broke, humiliated, and expropriated by the ʝʊdɛօ-Masonic NWO, when they should not be.


    Offline Napoli

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    76 of Americans are living paycheck-to-paycheck
    « Reply #12 on: June 25, 2013, 05:42:57 PM »
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  • It's not just in the states. I live in Canada, and the absolute same problemhere.  
    Regina Angelorum, ora pro nobis!

    Offline Arbogastes

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    76 of Americans are living paycheck-to-paycheck
    « Reply #13 on: June 25, 2013, 05:59:54 PM »
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  • The important thing to realize is that Socialism (which not only includes Communism) and Capitalism are both equally scams. The intellectual founders of Capitalism, Adam Smith and David Ricardo (note: you could still make the argument that Capitalism ultimately emerged out of Protestantism, as Max Weber did, but the former were still the main formal promulgators of the theory), were both agents of influence of the British Empire (i.e. the City of London and the people behind it), who spread their ideology throughout the world in order to ensure the economic dominance of "Brittania" across the globe (if you want to look at examples of how they put Capitalism into practice, just look at the historical examples of the Irish Potato Famine and of the British colonial policies in India).    

    Capitalism is just the necessary step towards Communism because it destroyed the previous Catholic economic order and laid the necessary groundwork for Communism to grow from.  

    Offline Frances

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    76 of Americans are living paycheck-to-paycheck
    « Reply #14 on: June 25, 2013, 10:53:26 PM »
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  • Capitalism is just the necessary step towards Communism because it destroyed the previous Catholic economic order and laid the necessary groundwork for Communism to grow from.  [/quote]
     :applause:  I had a radical-leftist for an eighth grade history teacher in 1973-74.  He proposed this same idea, only he saw it in a positive light.  He said he encouraged capitalism for the very reason that it would lead to communism.  He's now in his 70s, on wife #5, ( the last I checked!), and served diligently in Obama's campaigns.  Guess who's happy now? :soapbox:
     St. Francis Xavier threw a Crucifix into the sea, at once calming the waves.  Upon reaching the shore, the Crucifix was returned to him by a crab with a curious cross pattern on its shell.