The Logical Leftist
@logicallyleftist·273K subscribers·15.5K videos
Half of all Americans don't have $1000 to their name
Posted
January 17, 2017
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January 17, 2017
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13:23Now PlayingHelp us cover the political revolution
"In a recent survey, 56 percent of Americans said they have less than $1,000 in their checking and savings accounts combined, Forbes reports. Nearly a quarter (24.8 percent) have less than $100 to their name. Meanwhile, 38 percent said they would pay less than their full credit card balance this month, and 11 percent said they would make the minimum payment—meaning they would likely be mired in debt for years and pay more in interest than they originally borrowed. It paints a daunting picture of the average American coming out of the spend-heavy holiday season: steeped in credit card debt, living paycheck-to-paycheck, at serious risk of financial ruin if the slightest thing goes wrong."
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