If you make 5k and spend 4k a month, while having 5k savings, that’s not pay check to pay check. Close though, but what the term implies is 0 surplus, all that you make goes before next pay.
I mean I hear you I was liberal with the definition when I looked up the savings figures.
It’s not enough to move states to avoid right wing oppression. Which was really the point I was making. That most people can’t simply leave if they don’t like the situation.
The median savings in the US is 5k. The median monthly expense is 4k.
That gives most people in the US a one month cushion. That’s paycheck to paycheck.
If you make 5k and spend 4k a month, while having 5k savings, that’s not pay check to pay check. Close though, but what the term implies is 0 surplus, all that you make goes before next pay.
I mean I hear you I was liberal with the definition when I looked up the savings figures.
It’s not enough to move states to avoid right wing oppression. Which was really the point I was making. That most people can’t simply leave if they don’t like the situation.
I forgot part of the equation.
Median savings 4k. Median debt is around 50k. Median monthly income 5k.
Most people are actually worse than pay check to pay check.