Despite rising wages, 61% of Americans are still living paycheck to paycheck

Re:Despite rising wages, 61% of Americans are still living p... by giraffe_lady on Thursday February 17, 2022 @02:23PM (#30377416)

I'm the only one from my immediate family that 'escaped' the poverty so about half of my gross income goes for healthcare and living expenses for my parents and sometimes siblings depending.

I won't be taking questions or entertaining discussions about the appropriateness of this arrangement. But it's not that rare and it's why I don't meaningfully save.

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Re:Despite rising wages, 61% of Americans are still living p... by Mezzie on Thursday February 17, 2022 @04:05PM (#30378666)

I'm a person with MS who is the sole breadwinner for myself and my sister, who has bipolar that prevents her from holding down a job. I also come from poverty. Two people with chronic, lifelong health conditions and a lack of safety nets do mean our savings are much less robust than I would prefer.

What we are doing is good and part of a human desire to care for our social group.

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Re:Despite rising wages, 61% of Americans are still living p... by kingaillas on Thursday February 17, 2022 @02:37PM (#30377623)

I don't see a problem with this... I can't imagine not taking care of your family.

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Re:Despite rising wages, 61% of Americans are still living p... by JAlexoid on Thursday February 17, 2022 @02:57PM (#30377879)

Considering that per adult only about 10% of US households earn more than $100k, there's a lot of people who support their families.

I literally fully pay for everything for my mother, she's a breast cancer survivor - that's a lot of $$$ for a household of mid 6 figure income.

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