this post was submitted on 21 Mar 2025
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Bernie Sanders says it over and over again: 60% of Americans live paycheck to paycheck. Centrist critics swear this is false. Once we sort through the noise, we see Bernie is right on the money.

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[–] aviationeast@lemmy.world 34 points 4 weeks ago (2 children)

I mean, have they tried not being poor? /s

[–] DaddleDew@lemmy.world 15 points 4 weeks ago (1 children)

Yeah, just buy more money. What's the problem here?

[–] something_random_tho@lemmy.world 8 points 4 weeks ago (2 children)

What could a banana cost, Michael?

[–] Plurrbear@lemmy.world 6 points 4 weeks ago
[–] TachyonTele@lemm.ee 3 points 4 weeks ago

Thanos: "Everything"

[–] limer@lemmy.dbzer0.com 5 points 4 weeks ago (1 children)

In all seriousness: if extreme poverty was good enough for most of my ancestors, it’s good enough for me?

[–] thefartographer@lemm.ee 8 points 4 weeks ago (1 children)
[–] Semi_Hemi_Demigod@lemmy.world 8 points 4 weeks ago

The couple years where I didn’t have enough money for food got me down to a normal BMI.

[–] foggy@lemmy.world 32 points 4 weeks ago

It's way more than that. Did they exclude retirees watching their savings dwindle as the stock market crashes, and prices and inflation rise?

Like my folks are retired, well off, but... They are by no means anything beyond their own self imposed paycheck to paycheck. And as shit gets worse they're stretching things every which way to avoid part time work before death.

[–] MeatPilot@lemmy.world 13 points 4 weeks ago

On top of that I get taxed more than some billionaires. I feel like an empty tube of toothpaste where some leech has to squeeze out every little bit.

[–] givesomefucks@lemmy.world 12 points 4 weeks ago

The most important factor, quantitatively speaking, is slightly technical and takes a bit of explanation. If you want to use household wealth data to determine what share of Americans “live paycheck to paycheck,” you have to exclude business owners from the analysis. This isn’t just because — to state what should be obvious — business owners can’t “live paycheck to paycheck,” no matter how poor they are, since they don’t receive a paycheck.

More than business owners, "contractors".

If you're a gig worker, including conventional tipped employment to an extent, you're going to need a buffer because money could dry up. A waitress with a two week cough isn't making the tips they're used to and an Uber driver with a blown transmission isn't making anything.

They couldn't make it 3 months with no income tho.

Even when you have a career and make better money, better healthcare comes with higher premiums. And 401ks need contributions, so even more people paycheck to paycheck

[–] Dagwood222@lemm.ee 10 points 4 weeks ago (1 children)

In 1960, minimum wage was $1.00/hour and the average US home was $11,000.00

[–] TheDingus@lemy.lol 2 points 4 weeks ago
[–] Psythik@lemm.ee 3 points 4 weeks ago

I'm surprised the number is so low. It feels more like 90%.

[–] HubertManne@piefed.social 1 points 4 weeks ago

I have never heard anyone say it was false. Just ignore and talk around his subjects. Im not sure if its higher or going higher but since only those with paychecks can be part of it I see change coming.

[–] BigMacHole@lemm.ee -2 points 4 weeks ago

This man is STUPID! The DNC Told me everything is FINE!