Majority of Americans have cried over money, study says

[redqueen]

(snip)

Seven in 10 Americans said they have cried about money in their lifetimes, according to a recent online survey of 1,004 Americans by Compare Cards.com. Many cited worries over their job or making ends meet.

And household debt, which peaked at $13.86 trillion in the second quarter, weighed the heaviest on Americans. Almost a third admitted to crying over this looming concern, according to the survey.

“So many people’s financial margin for error is so slim that an unexpected car repair can be a real hardship,” Matt Schulz said. “Then, if you factor in things like job loss or a medical emergency, that can make things even worse.”
...

https://www.yahoo.com/amphtml/money/cried-over-money-182455308.html?

[blm]

1. Usually combined with medical issues.

Right when your health is failing or just as you’re finally recovering the bills become mountainous.

[redqueen]

2. Yep.

I went ahead and added a couple more paragraphs to illustrate that aspect. You're absolutely right.

[bdamomma]

3. Plus the

minimum wages have not gone up in over ten years???? that is why people are crying. People are working like jackasses and not being paid the way they should be. That's that effing 1%.

[Grasswire2]

4. I wonder what the CoL has gone up in ten years. nt

[Kali]

5. wow!

long time, no see. welcome back!

[redqueen]

6. Thanks Kali!

[SweetieD]

7. I have many times.

[smirkymonkey]

8. K&R

This is a damned shame in a country as rich as ours. This should never happen.

It has happened to me, but it should never happen to anyone.

[redqueen]

10. Exactly.

This should not happen.

[gopiscrap]

9. Yup, I have been there numerous times

[Johnny2X2X]

11. They changed America in the early 80s

The laws that were passed changed our county. No longer would workers be allowed a fair portion of the value their labor creates. Instead a system of taxation, corporate governance, and anti labor was installed that ensured that workers would lose everything and we’d become a society of kings and peasants. And it’s been a steady drip for almost 40 years, so much so that people don’t even know what America is supposed to be like for workers.

The rich took it all for themselves. People have no idea how much the US economy has gained and produced wealth. Keep the previous system in place and workers would all be living the American dream still with a house with 2 cars in the garage, vacations, fully funded retirements, and paid for health care. The rich took that all away so they could not just be rich, but be ridiculously rich. And today people no longer even think their labor deserves a good life. It’s sad.

You see it screaming out in the hate the UAW is getting for daring to demand that workers at GM get a fair share of the value their labor creates. GM level wages and benefits should be the norm across all labor in the country. Labor is what drives all wealth creation in our economy.

[redqueen]

12. Yep, 1980 is definitely when this trend started.

It's high time that pendulum started swinging the other way.

I think a lot of us thought the Clinton administration would be the start of that leftward swing. Boy, were we mistaken.