4 ms·
The median household discretionary income -- i.e. money you can waste on whatever -- in the US is more than $1,000/month. Per the official government statistics
by jandrewrogers 7y ago
The median household discretionary income -- i.e. money you can waste on whatever -- in the US is more than $1,000/month. Per the official government statistics. That is after all ordinary household expenses. People in higher percentiles have considerably more.
I am skeptical that 78% of Americans are "living paycheck to paycheck" unless that has been defined so loosely as to lose all useful meaning.
- kd5bjo 7y agoI assume that it means they’re spending rather than saving that discretionary income, and don’t have a buffer available of more than a single pay period (usually 2 weeks). That money may also be committed to long-term contracts with service providers and not readily available for redirection. It’s sometimes a reflection of financial priorities rather than raw income.