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The Paycheck to Paycheck Consumer [One Minute Rants]

560 views · Published 5 June 2017 · 1:46 · Indexed 28 October 2026

Channel: One Minute Economics · 2017 · Education

Is this the paycheck to paycheck generation?

In my opinion, the answer to this question is a resounding yes! The paycheck to paycheck consumer can barely get by right now, when we're living in times of relative peace and prosperity.

The sad thing about the paycheck to paycheck consumer is the fact that if you're living paycheck to paycheck now, what would your answer to the following question be: what happens when things inevitably end up going sour, what would/will the paycheck to paycheck consumer do then?

The two studies I've mentioned at the beginning of the paycheck to paycheck rant:

http://www.ncbi.nlm.nih.gov/pmc/articles/PMC2838153

http://www.bankrate.com/finance/smart-spending/money-pulse-0115.aspx

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The Paycheck to Paycheck Consumer [One Minute Rants]

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