78 Percent Of U.S. Workers Are Living ‘Paycheck To Paycheck’ And 71 Percent Of Them Are In Debt

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Are you living paycheck to paycheck? Is so, you are just like most other hard working Americans. As you will see below, 78 percent of full-time workers in the United States say that they are living paycheck to paycheck. That is the highest figure ever recorded, and it is yet more evidence that the middle class is under an increasing amount of stress. The cost of living is rising at a much faster pace than our paychecks are, and more families are falling out of the middle class with each passing month. Unfortunately, this is something that the mainstream media really doesn’t want to talk about these days. Instead, they just keep having us focus on the soaring financial markets which are being grossly artificially inflated by global central banks.

When I came across the numbers that I am about to share with you I was actually quite stunned. I knew that things were not great in “the real economy”, but I didn’t expect that the number of Americans living paycheck to paycheck would actually be rising. But that is precisely what a brand new survey that was just released by CareerBuilder is saying…

Seventy-eight percent of full-time workers said they live paycheck to paycheck, up from 75 percent last year, according to a recent report from CareerBuilder.

Overall, 71 percent of all U.S. workers said they’re now in debt, up from 68 percent a year ago, CareerBuilder said.

While 46 percent said their debt is manageable, 56 percent said they were in over their heads. About 56 percent also save $100 or less each month, according to CareerBuilder.

The first thing that we want to note about this survey is that it only includes full-time workers. So the unemployed, part-time workers, those that work for themselves and those that are independently wealthy were not included.

The second thing that we want to note is that these numbers have gotten worse since last year.

That certainly does not fit with the narrative that we are being fed by the mainstream media, but it does fit with the reality that most people are living on a daily basis.

Most Americans work extremely hard, but they can never seem to get ahead. Most of us are in debt, and a couple of weeks ago I wrote about how the elite use debt as a tool of enslavement. As we work endless hours to “pay the bills”, we are steadily enriching those that are holding our debts.

In addition, the cost of living is steadily going up, and most U.S. families are just barely scraping by from month to month as a result. Just a couple days ago I wrote about how Obamacare was causing health insurance premiums to skyrocket, and today I came across another example of someone that has seen their annual premiums more than double during the Obamacare era…

For some lower-income people in Obamacare, the rising premiums President Donald Trump has talked so much about will barely be felt at all. Others, particularly those with higher incomes, will feel the sharp increases when insurance sign-ups begin Wednesday.

Richard Taylor is one of the people on the wrong end. The 61-year-old, self-employed Oklahoman has meticulously tracked his medical costs since 1994. In 2013, he signed up for an Affordable Care Act plan for the law’s first year offering coverage to millions of Americans.

Four years ago, annual premiums for a mid-level “silver” plan to cover his family totaled $10,072.44. For 2017, they were $21,392.40—up 112 percent.

Who can afford $21,000 a year for health insurance?

I know that I can’t.

And rates are supposed to go up substantially again in 2018. We must repeal Obamacare, and we must do it now.

In addition to financial stress, most Americans are also deeply concerned about the future of this country.  Just consider the following numbers from a poll that was released this week

Almost two-thirds of Americans, or 63 percent, report being stressed about the future of the nation, according to the American Psychological Association’s Eleventh Stress in America survey, conducted in August and released on Wednesday.  This worry about the fate of the union tops longstanding stressors such as money (62 percent) and work (61 percent) and also cuts across political proclivities. However, a significantly larger proportion of Democrats (73 percent) reported feeling stress than independents (59 percent) and Republicans (56 percent).

I certainly can’t blame the Democrats for being stressed out. Donald Trump is in the White House and pro-Trump forces are taking over the Republican Party. And if a large wave of pro-Trump activists goes to Congress in 2018, we are going to take this nation in a completely different direction.

That same survey referenced above also discovered that 59 percent of Americans consider this “to be the lowest point in our nation’s history that they can remember”

A majority of the more than 3,400 Americans polled, 59 percent, said “they consider this to be the lowest point in our nation’s history that they can remember.” That sentiment spanned generations, including those that lived through World War II, the Vietnam War, and the terrorist attacks of Sept. 11. (Some 30 percent of people polled cited terrorism as a source of concern, a number that’s likely to rise given the alleged terrorist attack in New York City on Tuesday.)

That number seems very strange.

Yes, I can understand that those on the left are very pessimistic now that Trump is in the White House, but this is definitely not the lowest point in recent history.

Have people totally forgotten the financial crisis of 2008?

What about 9/11?

The JFK assassination, the Vietnam War, the deep recession during the Carter years and the entire Obama era are also examples of very low points in recent history.

Yes, great challenges are coming, but for the moment the economy is relatively stable, much of the world is at peace, and at least Hillary Clinton is not in the White House.

There is so much to be thankful for, and if people out there think that this is the “lowest point” in recent American history, how are they going to feel when a real crisis comes along?

Michael Snyder is a Republican candidate for Congress in Idaho’s First Congressional District, and you can learn how you can get involved in the campaign on his official website. His new book entitled “Living A Life That Really Matters” is available in paperback and for the Kindle on Amazon.com.

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Contributed by Michael Snyder of The Economic Collapse.

Michael Snyder is a writer, speaker and activist who writes and edits his own blogs The American Dream , The Truth and Economic Collapse Blog.

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  • Spatial Memory

    Predicting economic collapses continuously throughout the greatest economic expansion and capital markets expansion in history obviously has not worked well for any that followed his disastrous predictions since DJIA 8000s.

    At DJIA 23,500+ now the economy is “relatively stable” = classic sell signal. ROTFLMAO!

    • jim_robert

      Yep… and all funded by funny money. Oct. 28th, 1929 I’m sure you were gloating, too.

      As Keynes said, the market can remain irrational longer than you can remain solvent. However, when it gets to the irrational point, I prefer to be out, rather than non-Einsteins like you, buying tulip bulbs at the very top.

      And might I suggest you try actually READING the article? The part stating but for the moment the economy is relatively stable” seems to eluded your not-so-sharp eye.

      • Spatial Memory

        Obviously you’re very new to capital markets. Sorry for your losses.

        • jim_robert

          I’m even more sorry for your obvious stupidity

          • Spatial Memory

            Look homeward- you’ve proven yourself clueless beyond doubt.

  • Spatial Memory

    You’re actually overstating the veracity of his repertoire

  • Robert Sanger

    one paycheck from poverty

    • Laurence Almand

      While China uses the profits from its slave labor to buy up huge amounts of American bonds and US real estate!

  • Laurence Almand

    When Clinton the Communist opened the floodgates to cheap products made by slave labor in China, thousands of people were driven to unemployment. We still have this problem today, as China continues to flood the USA with products and undermine the American worker.

    • Zibgnew Opinionski

      You noticed that too. Someone high up in the Domestic Computer industry said they let China get away with stealing everything. In another place I read that they didn’t like the wealth shift to the people involved in the Information Technology industry and helped the dot com bust happen to take away their new financial power.

  • jim_robert

    Gee, I dunno Queenie. Is the polling process supposed to ask every single person to be valid? Maybe you ought to take a Stats 101 class.

  • Zibgnew Opinionski

    You gotta shut that purse folks. You need to shut it for a while. That is the only way “they” will get the message!

  • Viktoria Sigrun

    This is called indentured servitude and debt peonage which is against State law and United States Code under federal law. Working for minimum wage and having to take out a loan or credit card to make ends meet is indeed indentured servitude and debt peonage.-Period.

  • Steve Rusk

    Don’t blame increased access to medical care for rising prices, look at profit levels. Want constantly “growing” profits? The economy is not a cornucopia, it only has a finite amount to give. You can only abuse the employees so much, as well as short changing the consumers, then there you go, you just keep raising the prices until you have all the money.

  • Billy McNeilly

    Your Majesty are you really Her Majesty or is one pulling a leg or two?

  • Billy McNeilly

    The difficulty here is differentiating between a ‘crisis’ and a crisis.
    Take this. A ‘crisis’ is when the Dow Jones goes down 5 points. The press consider it a crisis but most don’t. A crisis is when the Dow plunges by 5000 points. Then I will take out life insurance.
    The fear porn and endofworldism gives me no cause for concern.
    At least yet😉

  • Codygunn

    This is very True.

  • Justice4AllNow

    Just ANOTHER massive, ready-to-pay-back army when the coming, long overdue revolution starts. These govvie zioSCUM mutants have got a BIG problem…