Summary:
70% of Russians have savings, that will see them through 1- 2 months without other income. In the US, on the contrary, 70% have virtually no savings. In America, the bottom 55% have zero savings, while the following 24% – the core of the former middle class – have only ,000 stashed away. A 2016 report, two-thirds of Americans are not able to afford even a 0 emergency cost of any sort. A staggering 78% of full-time workers are reported to be living from paycheck to paycheck. – However, the US has a very developed corporate welfare system, with most large corporations receiving regular IV injections of bailout money.... And very importantly, in addition to that, Russians have very little personal debt, negligible amounts compared with US households.... Precarity ratio. Russian
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
70% of Russians have savings, that will see them through 1- 2 months without other income. In the US, on the contrary, 70% have virtually no savings. In America, the bottom 55% have zero savings, while the following 24% – the core of the former middle class – have only ,000 stashed away. A 2016 report, two-thirds of Americans are not able to afford even a 0 emergency cost of any sort. A staggering 78% of full-time workers are reported to be living from paycheck to paycheck. – However, the US has a very developed corporate welfare system, with most large corporations receiving regular IV injections of bailout money.... And very importantly, in addition to that, Russians have very little personal debt, negligible amounts compared with US households.... Precarity ratio. Russian
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
Lars Pålsson Syll writes What pulls me through in this world of troubles
Mike Norman writes Escobar: The Roadblocks Ahead For The Sovereign Harmonious Multi-Nodal World — Pepe Escobar
Lars Pålsson Syll writes Best match point ever
New Economics Foundation writes The autumn budget: A step in the right direction but still falling short
70% of Russians have savings, that will see them through 1- 2 months without other income. In the US, on the contrary, 70% have virtually no savings.
In America, the bottom 55% have zero savings, while the following 24% – the core of the former middle class – have only $1,000 stashed away. A 2016 report, two-thirds of Americans are not able to afford even a $500 emergency cost of any sort. A staggering 78% of full-time workers are reported to be living from paycheck to paycheck. – However, the US has a very developed corporate welfare system, with most large corporations receiving regular IV injections of bailout money....
And very importantly, in addition to that, Russians have very little personal debt, negligible amounts compared with US households....Precarity ratio.
Russian Faith
70% of Russians Have Savings, while 70% of Americans Live Paycheck to Paycheck
Jon Hellevig, Founder of Awara Group