President Donald Trump still hasn’t made America great again, and this can be found in a new survey of United States workers.
According to a new study by CareerBuilder, 78 percent of full-time workers admit to living paycheck to paycheck, which is up from 75 percent the same time a year ago.
The same report also found that 71 percent of all U.S. workers are now in debt, up from 68 percent in 2016. Although 46 percent note that their debt is manageable, 56 percent concede that they’re hardly able to keep afloat.
Moreover, the latest finding confirms new numbers that the personal savings rate fell to a 10-year low: more than half (56 percent) save fewer than $100 every month.
And it isn’t just the poor and middle-class struggling, it is also the rich. CNBC notes:
“Even those making over six figures said they struggle to make ends meet, the report said. Nearly 1 in 10 of those making $100,000 or more said they usually or always live paycheck to paycheck, and 59 percent of those in that salary range said they were in the red.”
It is true that the cost of living is rising, but consumers need to adapt to changing environments, like refusing to spend $5 a day on Starbucks coffee.
90% of the population has 14.4% of U.S. wealth. This slice of the pie was 50% larger in 1989. Families, even with two adults working, can no longer save. The tax code, with all of its “help” for workers, has only increased the wealth gap.
And now Trump will achieve his life long dream of eliminating the Estate Tax. It makes me sick to think of it.