2017-05-01

Happy May Day.

Good way to celebrate? Debt.

https://caucus99percent.com/content/americas-debt-slaves-are-trouble

The MetLife survey actually dramatically underestimates the stress and financial burden that working families are undergoing.
A Pew Research Center study gave a much more revealing report.
The American dream has inspired generations to work hard with an eye toward climbing the socioeconomic ladder. But when the Pew Research Center asked Americans whether they would rather have more money or economic stability, 9 out of 10 choose stability.
That in itself is a shocking finding, but further into the study you find out why that is.
The findings are startling. For instance, the researchers discovered that even middle-income families are spending part of each year in poverty.
“Many people who are middle class nevertheless have the experience of being poor over the course of the year,” said Rachel Schneider, a co-author of “The Financial Diaries,”...
“It’s not being able to pay all their bills,” Schneider added, “not being able to afford their groceries, having to think about putting gas in the car, having to think about whether to cancel their cable. When you work full time and still have that experience, it feels unfair.”

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