[jandrewrogers]

The bottom line is that BLS statistics, backed up by Federal Reserve studies, show that the median American household has >$1,000 per month in excess income after all ordinary expenses without regard for the necessity of the expenses in the “ordinary” category. In Federal Reserve studies that probed this more deeply, the truly “paycheck to paycheck” population in the sense that most people understand it was 10-15% of the population. That is still a substantial number of households but far below the misleading 69% figure thrown about.

Americans are flush with income at the median and spend it on unnecessary luxury goods, as is their right. There really isn’t a way to argue around this fact.

The households that are paycheck to paycheck outside their own choice is much, much smaller. Including well-off households in the same category does a disservice to poorer households.