ObjectivityIncarnate

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Joined 2 years ago
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Cake day: March 22nd, 2024

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  • It’s relevant context to know that while about 67% of people self-report that they are living “paycheck to paycheck” (meaning they are not actively saving any money), only 30% self-report that they are actually spending more than 90% of their income on necessities.

    Point being that the majority of people who aren’t actively saving, are choosing not to, spending all of their extra income instead of saving at least some of it.

    As bad as conditions are overall, a significant chunk of people are making it needlessly worse for themselves, and things are not quite as dire as they’re made to seem by sensationalist media that’s quick to report that 67% figure, but never focuses on the 30% one that’s a much better indicator of the percentage of people who are actually having trouble making ends meet.