Bernie Is Right: 60% of Americans Live Paycheck to Paycheck

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Bernie Is Right: 60% of Americans Live Paycheck to Paycheck

//business-finance.news-articles.net/content/202 .. t-60-of-americans-live-paycheck-to-paycheck.html

Published in Business and Finance on Thursday, March 20th 2025 at 17:21 GMT by jacobin

🞛 This publication is a summary or evaluation of another publication
🞛 This publication contains editorial commentary or bias from the source
🞛 This publication contains potentially derogatory content such as foul language or violent themes

The article from MSN discusses the financial struggles of many Americans, highlighting Senator Bernie Sanders' claim that 60% of Americans live paycheck to paycheck. It points out that despite the U.S. being one of the wealthiest nations, a significant portion of its population faces economic insecurity, with many unable to afford a $400 emergency expense. The piece references a 2022 LendingClub report which supports Sanders' assertion, showing that 64% of Americans were in this precarious financial situation. It also touches on the broader implications of this economic reality, including the lack of savings, reliance on credit, and the impact of inflation and rising costs of living. The article suggests that this widespread financial instability calls for policy changes to address income inequality and improve economic security for the average American.

Read the Full Jacobin Article at:
[ https://www.msn.com/en-us/money/government-support-and-welfare/bernie-is-right-60-of-americans-live-paycheck-to-paycheck/ar-AA1Bks3v ]