There are approximately 212,000,000 people in America between the ages of 18 and 80. Based on surveys, 70% of them are living paycheck to paycheck.
That leaves 63,600,000 adult Americans to drive the economy if you assume that living paycheck to paycheck means that virtually all pay goes toward necessities.
Can that be?
Who buys all the $40,000 pickup trucks? Who keeps sports arenas and concert venues full, who creates profit for Netflix, HBO, etc. That 93 million must travel to a theme park quite often. Who helps the millions of retail business selling non essential stuff stay in business? The number of Americans taking a cruise each year has grown each year since 2007 to 12.4 million last year.
Those 93 million Americans with money left over each pay period sure are busy folks
could it be we have poorly defined living paycheck to paycheck, just as our definition of poverty is not close to poverty in the rest of the world.
Categories: Observations on life