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Economic Reality: Bottom 50% of Americans No Longer Matter

Economic Reality: Bottom 50% of Americans No Longer Matter

mishtalk.com / Mike “Mish” Shedlock / April 30, 2017

The Fed likes to brag about the “We saved the world” recovery.

However, the unfortunate truth of the matter is a record Half of American Families Live Paycheck to Paycheck.

Does it Matter? Let’s investigate.

Unprepared for Nearly Anything

  • 50% are woefully unprepared for a financial emergency.
  • Nearly 1 in 5 (19%) Americans have nothing set aside to cover an unexpected emergency.
  • Nearly 1 in 3 (31%) Americans don’t have at least $500 set aside to cover an unexpected emergency expense, according to a survey released Tuesday by HomeServe USA, a home repair service.
  • A separate survey released Monday by insurance company MetLife found that 49% of employees are “concerned, anxious or fearful about their current financial well-being.”

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RepliesTypeAuthorRecsPost DatePost
GNBeagle005/04/2017, 1:58am