Can You Write A Check For $500?

[Votto]

Good for you if you can but 57% (down from 63%) of us can't, which is the legacy of the worst president this country has ever known. And if you doubt that, look at what President Trump has already done about it in less than 50 days. When our new President says he "inherited a mess", this simple test answers the question...do you have $500 today?

What we found is that according to a recent Bankrate survey of 1,000 adults, 57% of Americans don’t have enough cash to cover a mere $500 unexpected expense. Turns out the CEO was right. And while that may appear dire, it is a slight improvement from 2016, when 63% of U.S. residents said they wouldn’t be able to handle such an expense.

The survey's findings have shed light on how the so-called recovery of the past 8 years has skipped about half of the US population, which literally live paycheck to paycheck, and reflects a country in which many households continue to struggle with their basic finances more than seven years after the official end to the recession.

Putting the numbers in context: despite steady job growth during the Obama administration - which have been focused on minimum wage industries - wages have been predictably slow to recover, with the typical American household still earning 2.4% below what they brought home in 1999, when income peaked. Meanwhile, costs for essentials such as housing and child care have surged faster than the rate of inflation, placing stress on household budgets and making the accumulation of wealth, i.e., savings, impossible.

The bottom line: About four out of 10 Americans said they had enough in savings to cover a surprise $500 expense. Another 21% said they would rely on a credit card, while 20% said they’d cut back on other expenses. Another 11% said they’d turn to family or friends for the money.

"The Reality Is, Half Of Americans Can’t Afford To Write A $500 Check" | Zero Hedge

Unfortunately social injustice is everywhere....
That's why people need some help from the government

What they do is foster injustice so they can demagogue about selling us their lying schemes for social justice.

It's good for business.

 

[Luddly Neddite]

I can and many times that. Our investments took a hit with the Bus crash but went back up under Obama. We now live on our investments and SocSec.

I was homeless at 16 and swore it would never happen again. Pay yourself first and pay cash or don't buy it.

Its utterly asinine to blame Obama for your problems. With Obama we've had recording streak of job creation. Is every single person working? No. But, as you RWNJ whiners know very well, Repubs have fought against any and all jobs bills.


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[ClosedCaption]

Conservatives, why don't you tell us again how American workers are all so overpaid.

You know you will, sometime soon. When you forget about this thread, which will be in a few minutes.

Don't worry. We liberals will still keep pounding on the topic of low wages, like we've always done.

How is this thread still going after this shut down on page 1?

 

[jc456]

like what exactly?

Well for example free healthcare and food stamps for all the poor people
And a house for all the poor people would be wonderful. No more homelessness

not sure your post, i was looking for the social injustice to which you posted. what is it?

Oh sorry...
Well I think social injustice is all the poverty we have in the world, this is the first thing I have in my mind when I think about social injustice.
I really find unfair that some people have everything and other people have almost nothing (some can't even eat 2 meals per day)

who is responsible for poverty?

Maybe it's the global economy. I think the distribution of wealth is very unfair
Maybe a new global economy system would be a good thing for everybody View attachment 125529

so are you saying there should never be governments? No law, no creativity, no ambition?

 

[jc456]

I can and many times that. Our investments took a hit with the Bus crash but went back up under Obama. We now live on our investments and SocSec.

I was homeless at 16 and swore it would never happen again. Pay yourself first and pay cash or don't buy it.

Its utterly asinine to blame Obama for your problems. With Obama we've had recording streak of job creation. Is every single person working? No. But, as you RWNJ whiners know very well, Repubs have fought against any and all jobs bills.


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[Luddly Neddite]

Conservatives, why don't you tell us again how American workers are all so overpaid.

You know you will, sometime soon. When you forget about this thread, which will be in a few minutes.

Don't worry. We liberals will still keep pounding on the topic of low wages, like we've always done.

Get a job spend less than what you have... easiest thing in the world to do

I agree but mamooth is right.

The very first R debate, trump said "wages are too high". Then his handlers told him to shut up and he never said it again.

The GOP/Repubs/trump are killing the middle class.


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[P@triot]

Really? I suppose you were interrupted by some serious work and forgot to name those left wing policies and how they created the division of wealth in America. When you have time from whatever prevented you from providing this evidence, please do so.

My pleasure! Aside from the study I just posted for you (from the Temporary National Economic Committee on the Concentration of Economic Power), here is one of the most simple examples of how Barack Insane Obama's ignorant failed left-wing policies contributed to the widening wealth gap:

The Dumbocrats (at the behest of Barack Insane Obama) passed the Dodd-Frank Wall Street Reform Act which severely impacted the banks ability to generate revenue through a wide range of regulations (including - but not limited to - preventing them from profiting off of Hedge Funds, regulations on derivatives, and it prevents mortgage brokers from earning higher commissions for closing loans with higher fees and/or higher interest rates) - all of which lead to less revenue for the banks. So how do they make up for that gap?

Well - there are a multitude of ways. One, of course, is to lay people off (that certainly widens the gap as those low-paid bank tellers now become no-paid bank tellers). But one of the first things they did was to implement checking fees. While checking accounts had almost universally gone to "no fee checking" due to competition, banks started to restore checking fees - with a beautiful twist. Since they desperately want the massive bank accounts of the wealthy (for lending, etc.), the checking fees were waived for anyone who maintained a balance of more than $200,000. This, of course, is the irony of the failed left-wing ideology. The people who can afford the checking fees are the one's who maintain a balance of more than $200,000. Meanwhile, the minimum wage worker scraping to get by now has that checking fee that the wealthy person doesn't.

Just another example of how idiotic left-wing policy leads to the widening of the wealth gap. Thanks for playing Wry. And thanks for illustrating to everyone just how uninformed you are about this stuff!

 

[P@triot]

The GOP/Repubs/trump are killing the middle class.

Hey Adolf, it wasn't the Republicans who were controlling things for the past 8 years. It was Barack Insane Obama. The wealth disparity widened under him. Oops...

 

[Luddly Neddite]

This story should send a chill up the spine of pretty much every American.

Somehow, I suspect it doesn't.
.

They are just doing what they're taught by the federal government, spending more than they have and not living within their means… it's called a socialist banana republic.

Rustic

You need to educate yourself as to the definitions of both "socialism" and "banana republic". Start with learning they have nothing common.

In point of fact, trump is building a banana republic.


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[esthermoon]

Well for example free healthcare and food stamps for all the poor people
And a house for all the poor people would be wonderful. No more homelessness

not sure your post, i was looking for the social injustice to which you posted. what is it?

Oh sorry...
Well I think social injustice is all the poverty we have in the world, this is the first thing I have in my mind when I think about social injustice.
I really find unfair that some people have everything and other people have almost nothing (some can't even eat 2 meals per day)

who is responsible for poverty?

Maybe it's the global economy. I think the distribution of wealth is very unfair
Maybe a new global economy system would be a good thing for everybody View attachment 125529

so are you saying there should never be governments? No law, no creativity, no ambition?

No absolutely! Governments and laws are necessary; I just think world economy is not good for everybody and does not help people as it should be.
I believe creativity and ambition are good things but only if they are moderate. Excessive ambitions can be dangerous to society

 

[jc456]

not sure your post, i was looking for the social injustice to which you posted. what is it?

Oh sorry...
Well I think social injustice is all the poverty we have in the world, this is the first thing I have in my mind when I think about social injustice.
I really find unfair that some people have everything and other people have almost nothing (some can't even eat 2 meals per day)

who is responsible for poverty?

Maybe it's the global economy. I think the distribution of wealth is very unfair
Maybe a new global economy system would be a good thing for everybody View attachment 125529

so are you saying there should never be governments? No law, no creativity, no ambition?

No absolutely! Governments and laws are necessary; I just think world economy is not good for everybody and does not help people as it should be.
I believe creativity and ambition are good things but only if they are moderate. Excessive ambitions can be dangerous to society

so you are against genius? I'm mocking you. you obviously have no desire for human kind. you don't care about social injustice, you just don't want humans to exist.

 

[Luddly Neddite]

Really? I suppose you were interrupted by some serious work and forgot to name those left wing policies and how they created the division of wealth in America. When you have time from whatever prevented you from providing this evidence, please do so.

My pleasure! Aside from the study I just posted for you (from the Temporary National Economic Committee on the Concentration of Economic Power), here is one of the most simple examples of how Barack Insane Obama's ignorant failed left-wing policies contributed to the widening wealth gap:

The Dumbocrats (at the behest of Barack Insane Obama) passed the Dodd-Frank Wall Street Reform Act which severely impacted the banks ability to generate revenue through a wide range of regulations (including - but not limited to - preventing them from profiting off of Hedge Funds, regulations on derivatives, and it prevents mortgage brokers from earning higher commissions for closing loans with higher fees and/or higher interest rates) - all of which lead to less revenue for the banks. So how do they make up for that gap?

Well - there are a multitude of ways. One, of course, is to lay people off (that certainly widens the gap as those low-paid bank tellers now become no-paid bank tellers). But one of the first things they did was to implement checking fees. While checking accounts had almost universally gone to "no fee checking" due to competition, banks started to restore checking fees - with a beautiful twist. Since they desperately want the massive bank accounts of the wealthy (for lending, etc.), the checking fees were waived for anyone who maintained a balance of more than $200,000. This, of course, is the irony of the failed left-wing ideology. The people who can afford the checking fees are the one's who maintain a balance of more than $200,000. Meanwhile, the minimum wage worker scraping to get by now has that checking fee that the wealthy person doesn't.

Just another example of how idiotic left-wing policy leads to the widening of the wealth gap. Thanks for playing Wry. And thanks for illustrating to everyone just how uninformed you are about this stuff!

None of that is true but even if it were, how that stop YOU from saving "for a rainy day"?

People who do save are living under the govt you are. How do you account for that?

Quit blaming Obama for your laziness and failures.


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[Luddly Neddite]

The GOP/Repubs/trump are killing the middle class.

Hey Adolf, it wasn't the Republicans who were controlling things for the past 8 years. It was Barack Insane Obama. The wealth disparity widened under him. Oops...

Same question - those who save live with the very same govt you do.

How come they could save but you can't?


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[jc456]

The GOP/Repubs/trump are killing the middle class.

Hey Adolf, it wasn't the Republicans who were controlling things for the past 8 years. It was Barack Insane Obama. The wealth disparity widened under him. Oops...

Same question - those who save live with the very same govt you do.

How come they could save but you can't?


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in english please.

 

[Luddly Neddite]

Tom I suspect more can write a check for $500 now than in 2009

Not the 92,000,000 unemployed who gave up looking for a job and haven't been counted as....unemployed. We're in much tougher shape now than we were then.

Last I knew, US population is around 300 million men, women and children. That would include 10K who retire every day, babies and children, handicapped, active military and more.

Think it through - you're saying that approx one third of the US is unemployed.

Even you should be able to think that through far enough to know its BS.


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[jc456]

Tom I suspect more can write a check for $500 now than in 2009

Not the 92,000,000 unemployed who gave up looking for a job and haven't been counted as....unemployed. We're in much tougher shape now than we were then.

Last I knew, US population is around 300 million men, women and children. That would include 10K who retire every day, babies and children, handicapped, active military and more.

Think it through - you're saying that approx one third of the US is unemployed.

Even you should be able to think that through far enough to know its BS.


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OMG!!

 

[francoHFW]

OP- Just GOP Reaganism rolling on, dupes.

After 30 years of Voodoo: worst min. wage, work conditions, illegal work safeguards, vacations, work week, college costs, rich/poor gap, upward social mobility, % homeless and in prison EVAH, and in the modern world!!

And thanks for the 2008 world meltdown...

 

[Luddly Neddite]

Good for you if you can but 57% (down from 63%) of us can't, which is the legacy of the worst president this country has ever known. And if you doubt that, look at what President Trump has already done about it in less than 50 days. When our new President says he "inherited a mess", this simple test answers the question...do you have $500 today?

What we found is that according to a recent Bankrate survey of 1,000 adults, 57% of Americans don’t have enough cash to cover a mere $500 unexpected expense. Turns out the CEO was right. And while that may appear dire, it is a slight improvement from 2016, when 63% of U.S. residents said they wouldn’t be able to handle such an expense.

The survey's findings have shed light on how the so-called recovery of the past 8 years has skipped about half of the US population, which literally live paycheck to paycheck, and reflects a country in which many households continue to struggle with their basic finances more than seven years after the official end to the recession.

Putting the numbers in context: despite steady job growth during the Obama administration - which have been focused on minimum wage industries - wages have been predictably slow to recover, with the typical American household still earning 2.4% below what they brought home in 1999, when income peaked. Meanwhile, costs for essentials such as housing and child care have surged faster than the rate of inflation, placing stress on household budgets and making the accumulation of wealth, i.e., savings, impossible.

The bottom line: About four out of 10 Americans said they had enough in savings to cover a surprise $500 expense. Another 21% said they would rely on a credit card, while 20% said they’d cut back on other expenses. Another 11% said they’d turn to family or friends for the money.

"The Reality Is, Half Of Americans Can’t Afford To Write A $500 Check" | Zero Hedge

Sadly, he wasn't Doctor Donothing....

--he destroyed American healthcare

--he allowed isis to grow

--he gave 150 billion dollars to Iran which they are using to increase their military build up and terrorist support.

--he gave Iran a path to nuclear weapons

--he helped destroy the ability of police to do their jobs, leading directly to the rise in violent crime in democrat cities....

If only he had done less....

Not a word of that is even close to factual but even if it were - is THAT your excuse for being a failure and for not being able to save and invest?


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[jc456]

Good for you if you can but 57% (down from 63%) of us can't, which is the legacy of the worst president this country has ever known. And if you doubt that, look at what President Trump has already done about it in less than 50 days. When our new President says he "inherited a mess", this simple test answers the question...do you have $500 today?

What we found is that according to a recent Bankrate survey of 1,000 adults, 57% of Americans don’t have enough cash to cover a mere $500 unexpected expense. Turns out the CEO was right. And while that may appear dire, it is a slight improvement from 2016, when 63% of U.S. residents said they wouldn’t be able to handle such an expense.

The survey's findings have shed light on how the so-called recovery of the past 8 years has skipped about half of the US population, which literally live paycheck to paycheck, and reflects a country in which many households continue to struggle with their basic finances more than seven years after the official end to the recession.

Putting the numbers in context: despite steady job growth during the Obama administration - which have been focused on minimum wage industries - wages have been predictably slow to recover, with the typical American household still earning 2.4% below what they brought home in 1999, when income peaked. Meanwhile, costs for essentials such as housing and child care have surged faster than the rate of inflation, placing stress on household budgets and making the accumulation of wealth, i.e., savings, impossible.

The bottom line: About four out of 10 Americans said they had enough in savings to cover a surprise $500 expense. Another 21% said they would rely on a credit card, while 20% said they’d cut back on other expenses. Another 11% said they’d turn to family or friends for the money.

"The Reality Is, Half Of Americans Can’t Afford To Write A $500 Check" | Zero Hedge

Sadly, he wasn't Doctor Donothing....

--he destroyed American healthcare

--he allowed isis to grow

--he gave 150 billion dollars to Iran which they are using to increase their military build up and terrorist support.

--he gave Iran a path to nuclear weapons

--he helped destroy the ability of police to do their jobs, leading directly to the rise in violent crime in democrat cities....

If only he had done less....

Not a word of that is even close to factual but even if it were - is THAT your excuse for being a failure and for not being able to save and invest?


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what isn't factual?

 

[Luddly Neddite]

Wow ... Reading this thread, it's the same as always -

Libs/Dems take responsibility for their own actions. RWNJs all blame Obama and the Dems.


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