Why do you believe over 60% of Americans are living paycheck to paycheck? 

Posted by:

Melissa Kemp

Highly recommended
Liberty Strategic Solutions (Bookkeeping and Beyond)
70 Questions answered
Answered on March 1st, 2024

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?  

1 Reply

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.   

See all 5 comments