Akivah
Well-Known Member
Vast number of Americans live paycheck to paycheck
According to a survey by Career Builder, almost 80% of Americans are living paycheck to paycheck (PtP), meaning they have no savings. Included in this figure are 10% of people that earn more than $100K per year.
The links claims that wage stagnation and inflation are the predominant causes of people's lack of economic stability. But I think personal choices play the biggest roles. There is the choice of getting training (40% of people with only high school degrees are PtP vs. 20% of people with college degrees), the choice of following a budget, and the choice of living below your means.
According to Dave Ramsey, anyone can get out of debt. It just takes willpower, planning, and sacrifice.
Do This First If You Want to Get Out of Debt
He has frequent callers of people from all walks of life that started out poor, but are now millionaires through these methods.
What do you think?
According to a survey by Career Builder, almost 80% of Americans are living paycheck to paycheck (PtP), meaning they have no savings. Included in this figure are 10% of people that earn more than $100K per year.
The links claims that wage stagnation and inflation are the predominant causes of people's lack of economic stability. But I think personal choices play the biggest roles. There is the choice of getting training (40% of people with only high school degrees are PtP vs. 20% of people with college degrees), the choice of following a budget, and the choice of living below your means.
According to Dave Ramsey, anyone can get out of debt. It just takes willpower, planning, and sacrifice.
Do This First If You Want to Get Out of Debt
He has frequent callers of people from all walks of life that started out poor, but are now millionaires through these methods.
What do you think?