'An economic divide that is widening': Almost one third of Americans earning $150,000 a year or more say they're living paycheck to paycheck and many rely on credit cards to close the gap - eviltoast
Some say they won’t be able to pay off their credit cards by the end of the year.
  • Socsa@sh.itjust.works
    122·
    10 months ago

    This is like all those surveys saying that 70% of Americans have less than $5000 in a “savings account.”

    No shit, yields on savings accounts have been pointless for about two decades. Everyone with spare money puts liquid savings into index funds in margin accounts and runs on credit cards.