Why do you believe over 60% of Americans are living paycheck to paycheck?
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Interesting thought-provoking topic and depends are various variables. For example: It can result in not being paid your value even if one is frugal. Then on the flip side, a person could be overspending, creating unnecessary debt, and not budgeting. What are your thoughts Connor?
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I believe there are numerous reasons behind this. I can't list all of them on this post but a few off the top of my head. Our consumer culture, marketing, being able to finance everything for convenience, lacking a personal consistent process, subscriptions... I think it stems from the fact that we don't have the fundamentals of personal finances as a subject in schools that explains principles of money from an emotional, psychological and tactical vantage point.