Lots of articles are saying 60 to 69%. CNBC, Barrons, LendingClub. I can’t find a better source but… 40% from a rich person’s mag like forbes is just too much man. I would estimate 55% to 70%, so 80% doesn’t seem that far off.
I mean, forbes did the survey. Do you think they didn’t use their reader base?
As for only surveying readers, lemme look at the survey and see if it said that. My concern is that a magazine performing a survey is going to have some issues with selection bias.
edit:
So, in this case, it suffers from a very small sample size. There may be funding concerns too.
Lots of articles are saying 60 to 69%. CNBC, Barrons, LendingClub. I can’t find a better source but… 40% from a rich person’s mag like forbes is just too much man. I would estimate 55% to 70%, so 80% doesn’t seem that far off.
Neither you nor I have a decent source yet. All of these sources are from surveys, you just pick your organization. A skimming of the google search results for this gives numbers in the 55% to 69% range, but that’s not a good source. So far what we’ve found is:
Forbes survey: 40%
Lending club survey 60%
I don’t have a source for 80% where the meme claimed.
you’re also not the working poor if you live paycheck to paycheck and make 150k/year. you just fucking aren’t, it’s your own fault you’re not saving money at that point
This is the problem with consumerism. Most American households do live with very little savings. Even people with really high income do this. It’s culturally normal and encouraged with all the advertising to buy more stuff.
A doctor earning over $300,000 a year in the Midwest should but under any circumstances be considered the working poor simply because they don’t have any savings.
Just because you had to live in a neighborhood with $5000/month rent doesn’t mean you’re poor just because you piss your money away. A doctor with no money leftover every month isn’t poor, he’s just retarded.
80% are not living paycheck to paycheck
Cite?
His citation is a forbes survey saying 40% (riddled with selection bias)
Yes, the person making the claim that 80% live paycheck to paycheck should cite
You’ve claimed that they aren’t. Please prove.
https://www.forbes.com/advisor/credit-cards/survey-living-paycheck-to-paycheck/
40% live paycheck to paycheck
You mean 40% of forbes readers live paycheck to paycheck?!
This may surprise you but not everyone reads forbes.
(selection bias)
Lots of articles are saying 60 to 69%. CNBC, Barrons, LendingClub. I can’t find a better source but… 40% from a rich person’s mag like forbes is just too much man. I would estimate 55% to 70%, so 80% doesn’t seem that far off.
Based on vibes or what?
The person who makes the claim should prove it first
Good point. So, prove your claim, please.
https://www.forbes.com/advisor/credit-cards/survey-living-paycheck-to-paycheck/
40% live paycheck to paycheck
You mean 40% of forbes readers live paycheck to paycheck?!
This may surprise you but not everyone reads forbes.
(selection bias)
deleted by creator
Where does it say they only surveyed readers?
I mean, forbes did the survey. Do you think they didn’t use their reader base?
As for only surveying readers, lemme look at the survey and see if it said that. My concern is that a magazine performing a survey is going to have some issues with selection bias.
edit:
So, in this case, it suffers from a very small sample size. There may be funding concerns too.
3000 is not a small sample size. 30 is a small sample size.
Presidential polls are often done with this, or even smaller sample sizes.
Lots of articles are saying 60 to 69%. CNBC, Barrons, LendingClub. I can’t find a better source but… 40% from a rich person’s mag like forbes is just too much man. I would estimate 55% to 70%, so 80% doesn’t seem that far off.
Source?
60% to 80% is literally a jump of 2x, meaning twice as many people who have savings
80% is incredibly far off
https://www.cnbc.com/2023/09/27/60percent-of-americans-are-still-living-paycheck-to-paycheck.html
Gives lending club as source so basically it’s the same source
Where did you get 69%
Neither you nor I have a decent source yet. All of these sources are from surveys, you just pick your organization. A skimming of the google search results for this gives numbers in the 55% to 69% range, but that’s not a good source. So far what we’ve found is:
Forbes survey: 40% Lending club survey 60%
I don’t have a source for 80% where the meme claimed.
you’re also not the working poor if you live paycheck to paycheck and make 150k/year. you just fucking aren’t, it’s your own fault you’re not saving money at that point
This is the problem with consumerism. Most American households do live with very little savings. Even people with really high income do this. It’s culturally normal and encouraged with all the advertising to buy more stuff.
A doctor earning over $300,000 a year in the Midwest should but under any circumstances be considered the working poor simply because they don’t have any savings.
HCOL
My dad made around this amount in SF Bay Area and we made do, including a big mortgage payment, car payments, etc.
150K is a lot of money
In 2024?
He made 130K a some years ago, which is only a bit over 150K in 2024 money
Uh huh…
Just because you had to live in a neighborhood with $5000/month rent doesn’t mean you’re poor just because you piss your money away. A doctor with no money leftover every month isn’t poor, he’s just retarded.
That’s the thing about HCOL areas, they generally don’t pay well, either.
Some more accurate data from Forbes:
https://www.forbes.com/advisor/credit-cards/survey-living-paycheck-to-paycheck/