Quote:
Originally Posted by justjim
Many “average income “ people have a checking account for direct deposits of retirement income (electronic credit) and automatic pay of utilities, etc. (electronic debits). Some pay their bills on their computer or phone. However, that said I read a few months ago that approximately 40% of Americans live from paycheck to paycheck and couldn’t come up with $400 of extra cash. Yes, that is a lot of people!
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So, if 40 percent of the people make more than $59,500, and have $7,400 in the bank (Post No. 1), why can't they come up with $400?