78% Of US Workers Are Living 'Paycheck-To-Paycheck' & 71% Of Them Are In Debt

Authored by Michael Snyder via The Economic Collapse blog,

Are you living paycheck to paycheck?  If so, you are just like most other hard working Americans.

As you will see below, 78 percent of full-time workers in the United States say that they are living paycheck to paycheck.  That is the highest figure ever recorded, and it is yet more evidence that the middle class is under an increasing amount of stress The cost of living is rising at a much faster pace than our paychecks are, and more families are falling out of the middle class with each passing month.  Unfortunately, this is something that the mainstream media really doesn’t want to talk about these days.  Instead, they just keep having us focus on the soaring financial markets which are being grossly artificially inflated by global central banks.

When I came across the numbers that I am about to share with you I was actually quite stunned.  I knew that things were not great in “the real economy”, but I didn’t expect that the number of Americans living paycheck to paycheck would actually be rising.  But that is precisely what a brand new survey that was just released by CareerBuilder is saying…

Seventy-eight percent of full-time workers said they live paycheck to paycheck, up from 75 percent last year, according to a recent report from CareerBuilder.


Overall, 71 percent of all U.S. workers said they’re now in debt, up from 68 percent a year ago, CareerBuilder said.


While 46 percent said their debt is manageable, 56 percent said they were in over their heads. About 56 percent also save $100 or less each month, according to CareerBuilder.

The first thing that we want to note about this survey is that it only includes full-time workers.  So the unemployed, part-time workers, those that work for themselves and those that are independently wealthy were not included.

The second thing that we want to note is that these numbers have gotten worse since last year.

That certainly does not fit with the narrative that we are being fed by the mainstream media, but it does fit with the reality that most people are living on a daily basis.

Most Americans work extremely hard, but they can never seem to get ahead.  Most of us are in debt, and a couple of weeks ago I wrote about how the elite use debt as a tool of enslavement.  As we work endless hours to “pay the bills”, we are steadily enriching those that are holding our debts.

In addition, the cost of living is steadily going up, and most U.S. families are just barely scraping by from month to month as a result.  Just a couple days ago I wrote about how Obamacare was causing health insurance premiums to skyrocket, and today I came across another example of someone that has seen their annual premiums more than double during the Obamacare era…

For some lower-income people in Obamacare, the rising premiums President Donald Trump has talked so much about will barely be felt at all. Others, particularly those with higher incomes, will feel the sharp increases when insurance sign-ups begin Wednesday.


Richard Taylor is one of the people on the wrong end. The 61-year-old, self-employed Oklahoman has meticulously tracked his medical costs since 1994. In 2013, he signed up for an Affordable Care Act plan for the law’s first year offering coverage to millions of Americans.


Four years ago, annual premiums for a mid-level “silver” plan to cover his family totaled $10,072.44. For 2017, they were $21,392.40—up 112 percent.

Who can afford $21,000 a year for health insurance?

I know that I can’t.

And rates are supposed to go up substantially again in 2018.  We must repeal Obamacare, and we must do it now.

In addition to financial stress, most Americans are also deeply concerned about the future of this country.  Just consider the following numbers from a poll that was released this week

Almost two-thirds of Americans, or 63 percent, report being stressed about the future of the nation, according to the American Psychological Association’s Eleventh Stress in America survey, conducted in August and released on Wednesday. This worry about the fate of the union tops longstanding stressors such as money (62 percent) and work (61 percent) and also cuts across political proclivities. However, a significantly larger proportion of Democrats (73 percent) reported feeling stress than independents (59 percent) and Republicans (56 percent).

I certainly can’t blame the Democrats for being stressed out.  Donald Trump is in the White House and pro-Trump forces are taking over the Republican Party.  And if a large wave of pro-Trump activists goes to Congress in 2018, we are going to take this nation in a completely different direction.

That same survey referenced above also discovered that 59 percent of Americans consider this “to be the lowest point in our nation’s history that they can remember”

A majority of the more than 3,400 Americans polled, 59 percent, said “they consider this to be the lowest point in our nation’s history that they can remember.” That sentiment spanned generations, including those that lived through World War II, the Vietnam War, and the terrorist attacks of Sept. 11. (Some 30 percent of people polled cited terrorism as a source of concern, a number that’s likely to rise given the alleged terrorist attack in New York City on Tuesday.)

That number seems very strange.

Yes, I can understand that those on the left are very pessimistic now that Trump is in the White House, but this is definitely not the lowest point in recent history.

Have people totally forgotten the financial crisis of 2008?

What about 9/11?

The JFK assassination, the Vietnam War, the deep recession during the Carter years and the entire Obama era are also examples of very low points in recent history.

Yes, great challenges are coming, but for the moment the economy is relatively stable, much of the world is at peace, and at least Hillary Clinton is not in the White House.

There is so much to be thankful for, and if people out there think that this is the “lowest point” in recent American history, how are they going to feel when a real crisis comes along?

*  *  *

Michael Snyder is a Republican candidate for Congress in Idaho’s First Congressional District, and you can learn how you can get involved in the campaign on his official website. His new book entitled “Living A Life That Really Matters” is available in paperback and for the Kindle on Amazon.com.


redmudhooch Nov 2, 2017 8:17 PM Permalink

MAGA! Drive the parasites out!President Wilson’s Deathbed Comments About the Fed Were Righthttp://www.theamericandreamfilm.com/the-cast/woodrow-wilson.php"I am a most unhappy man. I have unwittingly ruined my country. A great industrial nation is controlled by its system of credit... all our activities are in the hands of a few men. We have come to be one of the worst ruled, one of the most completely controlled and dominated Governments in the civilized world, no longer a Government by free opinion, no longer a Government by conviction and the vote of the majority, but a Government by the opinion and duress of a small group of dominant men."Once elected, President Wilson obeyed his dark masters and enacted unprecedented changes to our great Constitution. In that single year of 1913, President Wilson signed the Federal Reserve Act and the Revenue Act of 1913, chaining all future Americans to the dual horrors of the FED and the IRS. In order to make these acts binding and appear legitimate to Americans, President Wilson pushed through congress two Constitutional Amendments: the 16th and 17th Amendments. These two amendments remain in our Constitution like a malignant cancer destroying the once healthy body of our great nation. The year 1913 stands as the year that America changed forever and the seminal year in Federal Reserve history. It is time to repeal these amendments, and right the wrongs that Wilson did to our great nation.President Wilson knew what he did was wrong. After serving the dark forces, he would later lament in his diary, "I have unwittingly ruined my country."Wilson also broke his campaign promises and took America into WW1, and later the failed League of Nations. Wilson shows us a revelation that Americans must guard against elected officials who guide us into unrighteous wars and desire to establish entangling international systems of rules, organizations and government. 

uhland62 GodSpeed_00 Nov 2, 2017 9:39 PM Permalink

The bible speaks of life as a long road of misery and suffering that is now coming to pass.Dissatisfied people who are not getting ahead, when they occur in great numbers, are bound to 'go pop' one day. But the American people have made their bed and must now lie in it. 

In reply to by GodSpeed_00

ludwigvmises Nov 2, 2017 7:37 PM Permalink

Ironically, workers in so-called socialist nanny states such as Germany, Netherlands, Sweden and Finland are doing very very well -- contrary to what US propaganda tries to make you believe.

Aristofani Nov 2, 2017 7:16 PM Permalink

Isnt "capitalism" such a grand FUCKING system?Time to try again for the "dictatorship of the proletariat" i.e. the 99%.Fuck the dictatorship of the bourgeoisie i.e. the 1%!!!People of the world, you have nothing to lose but the slave chains of mental and physical servitude....PS anus randists can go and die on welfare like she did.

squid Aristofani Nov 2, 2017 8:38 PM Permalink

Sigh......Moron, that has already been tried and there is a pile of corpses 250 million deep to attest to it. You wanna solve this problem, YOU REALLY WANNA SOLVE THIS PROBLEM? Then read the constitution and demand that it be enforced. All these problems will go away. You can't have empire without paper money, its that simple.If money is gold, bankers have very little power because you can't print gold. Read history friend, its all in there. Squid

In reply to by Aristofani

StreetObserver Nov 2, 2017 7:12 PM Permalink

If just a small percentage of Americans learned who their financial enemy is and refused to hand any of their hard earned cash to them, the whole edifice of fraud would crash down.Learn about what the "Pareto Priciple" is. Seriously, read about it and how important it is and how important your carefully spending your money would be.

Etteguj Guj Nov 2, 2017 7:03 PM Permalink

Welcome to the condition of two-thirds of humanity. Tell your sorry tale to the Indian rice farmer, the Chinese construction worker, the Filipino overseas worker. They'll shrug their shoulders and say, 'so what's new?'

Sudden Debt Nov 2, 2017 7:03 PM Permalink

Well, it's pretty simple.LIVE WITHIN YOU MEANS!!!!! I have friend, he's a carpenter. He drives a Mercedes and a BMW for the weekends. He has a 7 room house and only 1 kid. They live like rich people.Now... he's in debt like you won't believe and he believes everybody should help him out.But if you tell him he should maybe sell a car, sell the house and buy a normal house, don't go to a restaurant 5 times a week, don't waer only Armani....NOP! THAT CAN'T BE THE PROBLEM!His marriage is on a shoestring right now becaue of their debt problems and they can't seem to figure it out...and whenever they think about it... they get depressed... and they do a citytrip to shake off all those negative vibes... Well... if you're a carpenter, you should live like a carpenter. Don't get me wrong, he has a nice salary but he's no director. And young people... 24 years old... buying houses of 280.000 euro's without a downpayment! Sure they dream of higher wages in the future to easen the load but that doesn't seem to happen.EVERYBODY lives in the future and wants to live the royal life. And then comes the bill.... 

Let it Go Nov 2, 2017 6:51 PM Permalink

For many American's as good paying manufacturing jobs fled the country for distant shores life has become more difficult. Many of the people who have experienced the slip into a economic quagmire and rough times often will tell you, "I never thought it would happen to me." In the end expect these people to become a burden to society.The number of people living on government transfers of wealth has grown over the years, as of today the National Debt Clock shows that over 161 million people are currently "receiving benefits"  and 45 million Americans are food stamp recipients up from 28 in 2008. More on this problem below. http://brucewilds.blogspot.com/2016/02/falling-off-economic-wagon-easier-than.html

QQQBall XBroker1 Nov 2, 2017 8:03 PM Permalink

I have a cellphone. with a $25 unlimited call and texting plan from AT&T. Have NFLX which is like $9 and BritBox which is $7. What many fail to value is living below your means equals security. $25 for cellphone for my consulting profession is well worth it. Not sure a land line would be any cheaper, but certainly less convenient.

In reply to by XBroker1

J J Pettigrew Nov 2, 2017 6:25 PM Permalink

It is easy to see the divisions in this country now...There are those who are long the stock market and cant believe how rich they areVS those who dont have a dime in it and live paycheck to paycheck.There are those who watch MSNBC...and there are those who watch FOX.That's about it. 

Zepper Nov 2, 2017 6:00 PM Permalink

Everything is awesome! The stock market as at an all time high. The Commidities markets are rallying. Even super fake fiat money like bitcoin is hitting all time highs. EVERYTHING IS FUCKING AWESOME! Look I support Trump but he knows as well as all of you(not speaking to the Chinese, Russians and middle easterners) know that this economy has been in the fucking dumps for the last 30 years in terms of mainstreet. And its getting worse, not better. All this fake fiat money being printed is being pumped right into realistate, equities, and commodities. There is literally nothing that is not in a bubble as we speak. And this bubble makes the bubble of 1929 look small in comparison. The same fucks bringing you Bitcoin et al. are the same fucks that sold China to the world. Same cunts! Remember that. Its all going to crash eventually, when, who the fuck knows? the 65 trilllion dollar question.

Zepper homebody Nov 2, 2017 6:24 PM Permalink

I was not talking about you or most people that come to ZH because these people are probably the most informed and are playing their angle to make money and manage thier risk. I am talking about the other 99% of people who go to work(like a real fucking job, not sitting at some desk masterbating), pay their taxes(oh so many fucking taxes!!!!!!!!!! on every little fucking thing!!!!!), pay their bills and find out that at the end of the fucking day they are still short a few hundred bucks.

In reply to by homebody

World citizen Nov 2, 2017 5:50 PM Permalink

What about 100% of U.S. workers are complete morons, totally incapable of calculating anything above 10 without taking off their shoes?Give me a break, would you? Ignorance, laziness, incompetence, and lack of interest and curiosity is invasive in the U.S. culture-less world. Self defeating is the "cool" thing, with drugs, alcohol, and countless other self-inflicted issues to par.Totally useless the attempt to demonize somebody else for any of the above. Losing is a choice, not a destiny.

Hikikomori Nov 2, 2017 5:45 PM Permalink

"46% said their debt is manageable, 56% said they were in over their head" - what is the 2% who say their debt is manageable AND they are in over their head up to?