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Cynthetiq · 08-04-2008, 09:23 PM

I can't find a proper statistic for the paycheck to paycheck it varies from 25%-75%. Why is the economy in the toilet now? Because everyone got used to everyone else spending more than they could afford on a REGULAR basis. People took out loans, and borrowed against equity... this isn't rocket science.

I guess you couldn't read the earlier posts I've made, in 2007 Filipinos and Mexicans remitted $40 BILLION.

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Originally Posted by Cynthetiq

Extra Extra!!!!! Investors are doing well in some sectors and markets!

Yep if you're got any oil holdings it's great!!! I'm glad that I have some in my portfolio! I can share in some of the wealth that the CEO has generated.

Lesson: Don't be an unskilled, uneducated worker, if you must save some money and invest it in stocks and bonds, not this frivilous "I'm going to invest in a computer..." kind of statement. Words and actions are important. Instead of squandering money on depreciating items and services, save your money even if it's $100 every year. Get in the habit of paying yourself first and and saving money.

Now some of you will say, "But Cynthetiq, how on earth can someone save money when they only get paid minimum wage?" Well, it's really quite simple, they somehow figure it out. They move to where the opportunity is better for them. They get skills that pay better. Last year overseas Filipino workers in the United Arab Emirates alone remitted $.5 billion last year and sent back an estimated $15 billion last year, Mexico reached an all time high of $23.98 billion last year. Understand what the remittances mean, they SAVED money and sent it back to their homeland. They still had to house, feed, and transport themselves to and from a job.

You reap what you sow.

No will, I'm not saying someone else who earns less than me isn't working as hard. I'll tell you if they aren't increasing their skillsets by degree or specialization, then yes, they aren't working as hard. In comparison to just other IT workers, if I am not learning another technology then I am not working as hard as I possibly can to continue to better myself.

I guess there's no comment about the "My husband and I made $110,000 last year, but we still live paycheck to paycheck. How can we stop doing that?" because it is not endemic to poor people. It is something that happens to people who have no idea how to budget and spend money. It's no simpler than that.

Again, $40B remitted by Filipinos and Mexicans. People who aren't making large salaries seem to know and understand how to budget their money.
-----Added 5/8/2008 at 01 : 47 : 27-----

further, I don't know why you are surprised if someone calls bullshit on something. Bullshit is bullshit plain and simple. Stop with the feign expressionless crap and either state what you have to state as opinion or fact, that's it. Pretty simple. I'm happy to admit something as fact or opinion. I could easily pawn it off on you to say, "Look it up, just google it" but that's not your responsibility.

Living paycheck to paycheckomg - CNN.com

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Four-in-ten workers (41 percent) say they often or always live paycheck to paycheck, according to CareerBuilder.com's latest survey.

Careerbuilder is a pretty skewed resource since, they are only going to be surveying people with computers and internet access.

Paycheck to paycheck: Make your dollars stretch further - Dec. 14, 2006

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Digesting that fact becomes harder when you consider that the Schuetts earn a comfortable living, with Amy, 39, pulling in $150,000 a year as a hospital psychiatrist. True, their income did take a big hit last summer when Brian got laid off from his job as a sales rep for a pharmaceutical firm (he'd been making a base salary of $82,000 a year, plus commissions as high as $24,000).

And they do have four daughters to raise, ages four to nine. But still.

The Schuetts don't have any child-care bills (Brian is now a stay-at-home dad). They don't have credit-card debt. They don't splurge on fancy vacations. And they live in a nice but definitely not luxurious home on a three-acre plot in Elkhorn, Neb., just west of Omaha, where the cost of living is, well, livable.

Yet, says Amy, "We live from one paycheck to the next, we're struggling to save and we never seem to have enough money to do anything fun."

It's a statement that an awful lot of Americans can make these days. About two-thirds of families need their next paycheck to meet their living expenses, according to a recent survey by the American Payroll Association.

Do you live paycheck to paycheck? | ItsYourTimes.com

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Do you live paycheck to paycheck?
Thu, 2007-05-03 18:48 — Times Staff
Seventy percent of families in the United States say they live paycheck to paycheck. American savings are in the negative, the lowest level since the Great Depression. In the Tampa Bay area, the financial pressure for many is acute: Average wages are lower than comparable Sun Belt cities, and median home prices have doubled in a decade.

Times photographer John Pendygraft is seeking stories that put a face behind the phenomenon. Tell us what you think. Are you living paycheck to paycheck? Or have you? Share your story.