3 ms·

I think the second dip is coming (the first being in March). With the flu season and covid19 resurgence and the market is going to realize those unemployment ra

• rglover 6y ago
  This is the alarm that keeps going off for me from getting too optimistic. If it's accurate that 78% of the U.S. was already living paycheck to paycheck [1] and many haven't made a dime in two months, it doesn't matter if there's pent up demand for things. There's just no money to buy them. [1] https://www.cnbc.com/2019/01/09/shutdown-highlights-that-4-in-5-us-workers-live-paycheck-to-paycheck.html https://www.cnbc.com/2019/01/09/shutdown-highlights-that-4-i...
  • Jommi 6y ago
    This often mis-repeated paycheck to paycheck statistic needs to die. Do you even read your sources fully? > 51 percent of those making less than $50,000 usually or always live paycheck to paycheck to make ends meet This is from the lowest income bracket in the 2017 survey. It tells us 0 about how many are in the "usually" category. It tells us 0 on does this account for investments or not.
    • rglover 6y ago
      What's the alternative statistic?