by Summary:
The U.S. economy is booming and unemployment is at a low, but that doesn't paint the whole picture of the financial reality of the average American.According to a new report from Prosperity Now, millions of Americans are one missed paycheck away from poverty.The report found that 40% of American households are "liquid asset poor," meaning that they don't have enough money put away to make ends meet at the poverty level should their income be suddenly interrupted. That figure jumps to 57% for households of color. "It was the best of worlds. It was the worst of worlds." — Charles Dickens, A Tale of Two Cities.And the trend is accelerating.FortuneMillions of Americans Are One Missed Paycheck Away From Poverty, Report Says Natasha Bach
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Mike Norman considers the following as important: precariousness, US economy
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The U.S. economy is booming and unemployment is at a low, but that doesn't paint the whole picture of the financial reality of the average American.According to a new report from Prosperity Now, millions of Americans are one missed paycheck away from poverty.The report found that 40% of American households are "liquid asset poor," meaning that they don't have enough money put away to make ends meet at the poverty level should their income be suddenly interrupted. That figure jumps to 57% for households of color. "It was the best of worlds. It was the worst of worlds." — Charles Dickens, A Tale of Two Cities.And the trend is accelerating.FortuneMillions of Americans Are One Missed Paycheck Away From Poverty, Report Says Natasha Bach
Topics:
Mike Norman considers the following as important: precariousness, US economy
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The U.S. economy is booming and unemployment is at a low, but that doesn't paint the whole picture of the financial reality of the average American."It was the best of worlds. It was the worst of worlds." — Charles Dickens, A Tale of Two Cities.
According to a new report from Prosperity Now, millions of Americans are one missed paycheck away from poverty.
The report found that 40% of American households are "liquid asset poor," meaning that they don't have enough money put away to make ends meet at the poverty level should their income be suddenly interrupted. That figure jumps to 57% for households of color.
And the trend is accelerating.
Fortune
Millions of Americans Are One Missed Paycheck Away From Poverty, Report Says
Natasha Bach