“There’s this wild disconnect between what people are experiencing and what economists are experiencing,” says Nikki Cimino, a recruiter in Denver.
“There’s this wild disconnect between what people are experiencing and what economists are experiencing,” says Nikki Cimino, a recruiter in Denver.
I think his point is people are only living paycheck to paycheck out of choice when they could save and invest if they tightened their belts.
Not saying I agree, just explaining his perspective.
There are peple who are genuinly struggling.
Then there are those who choose to spend 10-20K on vacations every year and ‘feel’ they are struggling.
And these latter people will forever tell you how they are living ‘paycheck to paycheck’ and talk your ear off about how theri struggles are more genuine and ‘real’ than people who are actually poor.
Maybe if they ate less avocado toast right!
In some cases genuinely yes. If you are earning $X and you are spending $X every month, but some of those expenditures are on luxury items like fine foods, then complaining about how you’re living paycheck-to-paycheck and don’t have the “choice” to invest rings hollow. You do have the choice to invest, you’re just choosing to spend that investable money on immediate luxuries instead.
SOME cases? Half the country isn’t really earning enough to more than barely get by. They have nothing to invest. They aren’t spending much on “fine” foods unless you are counting not eating entirely ramen and rice as “fine foods”