60% of Americans are living paycheck to paycheck, Report says
Comments ( https://news.ycombinator.com/item?id=38383831 )
https://www.blobstreaming.org/60-of-americans-are-living-paycheck-to-paycheck-report-says/
Discussion
So, yes, do talk about #Bitcoin over Thanksgiving dinner tomorrow.
nostr:note1unen00lxe03ryxg3prs4tmrtyjretu8mmy733lkznmulv929l4kqxlxhjl
If the USA replaced the dollar with gold or BTC tomorrow, there’d still be a lot of people living paycheck to paycheck. Many Americans lack economic discipline, and hard money won’t fix this.
As evidenced by the surprising number of people who make a lot of money and do not manage it well. “51% of Americans earning over $100,000 a year are living paycheck to paycheck, a new survey found.” https://www.businessinsider.com/americans-earning-over-100000-living-paycheck-to-paycheck-2023-1?op=1
Rome wasn’t built in a day, and what happened in 1971 won’t be undone by tomorrow. Your remarks about “a lot of money” would indicate that you do not yet understand the compounding effects of persistent inflation.
Also, gold ain’t it.
I’m a fan of Bitcoin. I just don’t see how it would help people live within their means.
Read nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak's Bitcoin Standard, then Fiat Standard. You’ll understand.