Paycheck to Paycheck : America’s Credit Crisis
I’ve been reading a lot about how so many American families still live paycheck to paycheck, even those that most of us would consider in the upper echelon of the financial and economic American society, that make a household income of $200k or more per year.
But how could this be? I would think that this amount of money would allow any family to live comfortably.
But that is not always the case, even if families are not constantly taking vacations and indulging in all the finer things in life all the time, many are finding it hard to struggle by, and are using credit to get them by, only to find that they might be stuck in a high interest payoff.
This is why getting good deals on credit cards is so important, but not only that, good deals on loans and other lending agencies lump sum payments is important as well, so that you aren’t finding yourself in a neverending cycle of robbing Peter to pay Paul.
Add a kid or two into the picture, and you’ve got all kinds of new expenses to think about. Doctor’s visits, clothes, toys, formula, you name it, kids are EXPENSIVE, and many people don’t really understand how expensive kids can be until they’ve had one or a few. They really can put a strain on anyone’s budget (although, from what I’m told, they’re worth it:)
