http://dailyreckoning.com/return-of-the-working-poor/ Entertaining Ideas on the Economy, Markets, Gold, Oil and Investing Strategies. Fri, 10 Feb 2012 22:35:22 +0000 hourly 1 http://wordpress.org/?v=3.2.1 http://dailyreckoning.com/return-of-the-working-poor/#comment-27722 Nick Fri, 18 Sep 2009 16:25:15 +0000 http://dailyreckoning.com/?p=18431#comment-27722 The return of the working poor? I didn't know we went anywhere. How is someone making $100,000 a year working poor? Most Americans have to live on less than half of that. Many live on less than a quarter of that. You want working poor? You want pay check to pay check? Try living on $250 a week. The return of the working poor? I didn’t know we went anywhere. How is someone making $100,000 a year working poor? Most Americans have to live on less than half of that. Many live on less than a quarter of that. You want working poor? You want pay check to pay check? Try living on $250 a week.

]]> http://dailyreckoning.com/return-of-the-working-poor/#comment-27708 Roy Fri, 18 Sep 2009 13:52:44 +0000 http://dailyreckoning.com/?p=18431#comment-27708 This makes me sad. How is it though that people making $100,000 a year are having to live paycheck to paycheck? Perhaps we are all a little too greedy and should stop living beyond our means. This makes me sad. How is it though that people making $100,000 a year are having to live paycheck to paycheck? Perhaps we are all a little too greedy and should stop living beyond our means.

]]> http://dailyreckoning.com/return-of-the-working-poor/#comment-27568 Hank Thu, 17 Sep 2009 19:21:54 +0000 http://dailyreckoning.com/?p=18431#comment-27568 Another silly government stat that can be twisted and manipulatd. Folks are cutting back from NEGATIVE income situations and finally TRYING to live within their means. Another silly government stat that can be twisted and manipulatd. Folks are cutting back from NEGATIVE income situations and finally TRYING to live within their means.

]]> http://dailyreckoning.com/return-of-the-working-poor/#comment-27566 harry is a goon Thu, 17 Sep 2009 18:53:21 +0000 http://dailyreckoning.com/?p=18431#comment-27566 I think I read somewhere that payments towards debt & loans were counted as savings. I think I read somewhere that payments towards debt & loans were counted as savings.

]]> http://dailyreckoning.com/return-of-the-working-poor/#comment-27563 Brian Thu, 17 Sep 2009 18:38:10 +0000 http://dailyreckoning.com/?p=18431#comment-27563 It would be interesting to know how the savings rate is calculated. It almost appears that the number is derived from reduced consumer spending. If the consumer is spending less, they MUST be saving more. It would be interesting to know how the savings rate is calculated. It almost appears that the number is derived from reduced consumer spending. If the consumer is spending less, they MUST be saving more.

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