«

»

Aug 24

77 percent of Americans live paycheck to paycheck.

Whenever government expands, people become impoverished, dependent, sick, weak, diseased, trapped, and less mobile in every sense.

CBS Moneywatch has released a report indicating that “[a]lmost 8 out of 10 American workers say they live paycheck to paycheck.”

Government taxes, regulations and central banking savagely punish savers, so most Americans save little or nothing.

Studies show that Social Security alone makes America some 3 to 4 percent poorer. Other government programs incentivize people to be sick, poor, weak and disabled.

“A year ago, about 75 percent of U.S. workers said they were living from payday to payday, a number that has grown to 78 percent this year.”

“About 18 percent of workers said they cut back on their 401k contributions or personal savings in the last year, and more than one-third don’t put away money for retirement, the survey found.”

See here.