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by anthony_doan 2229 days ago
I think the second dip is coming (the first being in March). With the flu season and covid19 resurgence and the market is going to realize those unemployment rate means a lot of people aren't going to buy stuff.
1 comments

This is the alarm that keeps going off for me from getting too optimistic. If it's accurate that 78% of the U.S. was already living paycheck to paycheck [1] and many haven't made a dime in two months, it doesn't matter if there's pent up demand for things. There's just no money to buy them.

[1] https://www.cnbc.com/2019/01/09/shutdown-highlights-that-4-i...

This often mis-repeated paycheck to paycheck statistic needs to die.

Do you even read your sources fully?

> 51 percent of those making less than $50,000 usually or always live paycheck to paycheck to make ends meet

This is from the lowest income bracket in the 2017 survey.

It tells us 0 about how many are in the "usually" category.

It tells us 0 on does this account for investments or not.

What's the alternative statistic?