Breaking news: in one of the most productive countries / economies in the entire history of humanity, the majority of people creating that productivity do not get to enjoy the rewards of that productivity.

same as it ever was.

  • givesomefucks@lemmy.world
    link
    fedilink
    English
    arrow-up
    7
    arrow-down
    4
    ·
    11 months ago

    but someone who would have to sell some stocks or stop retirement contributions might also think of themselves as “paycheck to paycheck.”

    And some people think the Earth is flat…

    But neither population is statistically significant

    • metaStatic@kbin.social
      link
      fedilink
      arrow-up
      7
      ·
      11 months ago

      Selling my stocks to pay rent would be like selling my car to pay for a bus ticket.

      if you need to sell your stocks to receive value from them then you’re gambling not investing and I would actually consider that the same shitty situation.

    • OldWoodFrame@lemm.ee
      link
      fedilink
      arrow-up
      3
      arrow-down
      1
      ·
      edit-2
      11 months ago

      The median savings is $5,300. So at the bare minimum, 12% of America has over $5,300 in savings but considers themselves “paycheck-to-paycheck.”