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Bernie Is Right: 60% of Americans Live Paycheck to Paycheck


Published on 2025-03-20 17:21:35 - jacobin
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  • Bernie Sanders says it over and over again: 60% of Americans live paycheck to paycheck. But Matt Darling of the Niskanen Center swears it's not true and Dylan Matthews of Vox calls it a damned lie. Even Matt Yglesias is apparently on the case,

The article from MSN discusses the financial struggles of many Americans, highlighting Senator Bernie Sanders' claim that 60% of Americans live paycheck to paycheck. It points out that despite the U.S. being one of the wealthiest nations, a significant portion of its population faces economic insecurity, with many unable to afford a $400 emergency expense. The piece references a 2022 LendingClub report which supports Sanders' assertion, showing that 64% of Americans were in this precarious financial situation. It also touches on the broader implications of this economic reality, including the lack of savings, reliance on credit, and the impact of inflation and rising costs of living. The article suggests that this widespread financial instability calls for policy changes to address income inequality and improve economic security for the average American.

Read the Full Jacobin Article at:
[ https://www.msn.com/en-us/money/government-support-and-welfare/bernie-is-right-60-of-americans-live-paycheck-to-paycheck/ar-AA1Bks3v ]