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Related: About this forumShocking Statistics on Financial Burden in America
Do you want to know how bad things have gotten for Americans in recent years? Here are the statistics
According to a new report by the Federal Reserve, nearly half of US citizens would be completely unable to handle an unexpected expense of $400. 47% of people said that they didnt think they could handle such an expense, but the Feds breakdown of that 47% revealed how bad the situation really is: 14% said they simply couldnt cover it. Another 10% would have to sell something, 13% would have to borrow money from a friend or relative and 2% would have to resort to a high-interest payday loan.
Dont call me Shirley
(10,998 posts)corporate welfare.
Reinstate Roosevelt Revolution!!!!!
daleanime
(17,796 posts)Enthusiast
(50,983 posts)chervilant
(8,267 posts)I just got a job as a non-medical caregiver for the elderly, which adds a very gratifying layer to my advocacy skills. I have been unemployed since the Tuesday before Thanksgiving (my old manager told my new manager to fire me). I have been very careful with my UI benefits, and had a cushion until I got hired in my new job. That's gone now, since the UI ended when I got hired.
My new employer promised I would be able to work "as many hours as I wanted to." But, my schedule for the month of June gives me just 17 hours a week. I will, if I'm lucky, have barely enough to cover my rent and utilities.
I need new tires on my 15 YO car. I need an oil change. That's right at $400, and I just don't have it.
I think I've started experiencing panic attacks. My heart starts beating really fast, I get hot and flushed, and I feel anxious.
I am so over the hedonists on this planet who hoard billions of dollars and act as though the Hoi Polloi should just pull ourselves up by our bootstraps. I'd like to show them a bootstrap or two...
Enthusiast
(50,983 posts)Dont call me Shirley
(10,998 posts)My financial situation makes me nauseous, I try not to think about it. My reality has fallen far far below my expectations of my reality and my future reality, as with you and many others.
I am so over the trillionaires and billionaires and millionaires. They must hate us immensely in order to steal our very livelihood from us.