February 23, 2015 4:00 pm -

[su_right_ad]It’s frightening how many Americans are living paycheck-to-paycheck and barely surviving.

If your rainy day fund is light, you have plenty of company.

According to a newly released report from Bankrate, 24 percent of Americans have more credit card debt than emergency savings, and 13 percent are not much better off—they don’t have credit card debt but they don’t have emergency savings either. Put another way, more than a third of Americans are living at risk of a financial crisis.

“Americans are woefully undersaved for emergencies,” said Greg McBride, chief financial analyst at Bankrate. “By not having emergency savings and using some of your available credit, your options in the event of unplanned expenses are much more limited.”

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D.B. Hirsch
D.B. Hirsch is a political activist, news junkie, and retired ad copy writer and spin doctor. He lives in Brooklyn, New York.

54 responses to 37% Of Americans Live On Financial Edge

  1. rg9rts February 23rd, 2015 at 4:10 pm

    And the gopee is dancing in the street…the war on the middleclass is being won…soon it will be the 1% and the peons…as god intended

    • Dwendt44 February 24th, 2015 at 12:42 am

      Back, back, back to the days of the robber barons. No middle class to speak of, no unions, upward mobility wasn’t even imagined. Hunger and homelessness was just around the corner for the lowly working class.

  2. William February 23rd, 2015 at 4:10 pm

    Just give it a little more time

    • John Tarter February 23rd, 2015 at 5:59 pm

      It’s a poor indicator of how the country is really doing. It’s only the rich who have the money to invest and they do it because other monetary vehicles pay out so little. Under Obama, the rich get richer while the middle class is destroyed.

      • mea_mark February 23rd, 2015 at 6:06 pm

        Under republicans it would be far worse. We really do need Warren for prez. We haven’t really grappled the problem of turning most of the money in the system back into currency, it’s locked up in the accounts of the rich, not moving, not currency.

        • John Tarter February 23rd, 2015 at 6:56 pm

          That’s right, another rich liberal – just what we need. NOT!

          • mea_mark February 23rd, 2015 at 6:58 pm

            If only you understood economics and the importance of money moving in the system.

          • edmeyer_able February 23rd, 2015 at 7:07 pm

            At least the liberal would have their own money and not be sucking koch for it.

          • William February 23rd, 2015 at 8:54 pm

            Warren was born on June 22, 1949,in Oklahoma City, Oklahoma, to working class parents Pauline (née Reed) and Donald Jones Herring. She was their fourth child, with three older brothers.When she was twelve, her father, a janitor, had a heart attack—which led to many medical bills, as well as a pay cut because he could not do his previous work. Eventually, this led to the loss of their car from failure to make loan payments. To help the family finances, her mother found work in the catalog-order department at Sears and Elizabeth began working as a waitress at her aunt’s restaurant….


            Seriously, does nothing ever embarrass you? Do you take pride in being so misinformed and ignorant?. Think about this. Nothing on the internet goes away…ever. There is a significant risk that your decedents will suffer embarrassment, shame and ridicule, simply because you have no dignity.
            Being ignorant in the age of information is a choice. It will be abundantly clear to anyone that ever bothers to seek your legacy that you freely made that choice.

          • mea_mark February 23rd, 2015 at 8:58 pm

            Now you’ve done it, you’ve gone and popped his bubble.

          • Larry Schmitt February 24th, 2015 at 7:59 am

            Every serious presidential candidate in this day is going to be rich, whatever his politics. The days of an Abe Lincoln coming up from a log cabin upbringing are history, and can’t happen again under the current system dominated by campaign financing. So it’s either another rich liberal or another rich conservative.

      • arc99 February 23rd, 2015 at 6:10 pm

        Of course if Romney had won and we had the exact same economy, you would be right here telling us how wonderful it all is and how it was all due to having a Republican in the White House.

        Amazing how you will temporarily adopt the issues advocated by the Occupy Wall St movement in order to take cheap shots at the President.

        At least we liberals believe in something. You guys just parrot whatever phrase comes in handy in your campaign of irrational hatred towards the President.

      • tracey marie February 23rd, 2015 at 6:23 pm

        sound bites with no facts

      • edmeyer_able February 23rd, 2015 at 6:29 pm

        Millions are invested thru their retirement funds, they lost 50% under bush the market is up 212% since Obama took office.

      • StoneyCurtisll February 23rd, 2015 at 8:29 pm

        Lets for a moment use you, John Tater as an indictator of how the country is doing..
        All signs point to an end of civilization as we know it..
        Do something that will improve our outlook…
        Because your nonstop whining and complaining is bringing us all down…

      • StoneyCurtisll February 23rd, 2015 at 8:33 pm

        Now you sound like a communist,..
        What do you suggest?..
        Wealth redistribution?
        Come on Comrade..
        Admit your true color..(red)

  3. Red Eye Robot February 23rd, 2015 at 4:32 pm

    that darned summer of recovery!

    • StoneyCurtisll February 23rd, 2015 at 5:02 pm

      Sorry to hear you are so doing poorly in todays economy..
      Where the complainers, like you are never satisfied..
      Come on Red eye..
      Even Mitch and Boner know the the economy is doing well, why else would they attempt to claim credit for it days before the new majority republican congress was sworn in?..

      • Red Eye Robot February 24th, 2015 at 12:50 pm

        I guess the 37% who are a paycheck or 2 away from homlessness are complainers now too?

        • StoneyCurtisll February 24th, 2015 at 7:06 pm

          Sorry to hear thats why YOU are complaining..
          Get a better job..
          If it’s gainful employment you need, I can help..
          All you need is a commercial Drivers License and the desire to work..
          Local 541 is hiring right now..(if you are willing to work for union wages) scale is just over 30 dollars and hour (US).

    • William February 23rd, 2015 at 5:49 pm

      Still bitter huh? Well close your eyes, click your heels together and chant “I hope he fails”.
      The rest of us are going to celebrate the greatest recovery in nearly two decades.

      • John Tarter February 23rd, 2015 at 5:55 pm

        Wages are still stagnant. Everyone should be on easy street by now with Obama’s grandiose scheme’s. It’s been six years, how much longer must we wait? But meanwhile, he is giving cash left and right to the illegals and his other favored friends.

        • mea_mark February 23rd, 2015 at 6:07 pm

          If it wasn’t for the republicans blocking nearly everything Obama did, we would certainly be closer to that ideal.

          • William February 23rd, 2015 at 8:55 pm


        • tracey marie February 23rd, 2015 at 6:22 pm

          you prefer the gop economic crash

        • William February 23rd, 2015 at 8:34 pm

          “But meanwhile, he is giving cash left and right to the illegals and his other favored friends.”
          Please post a link to the article, sound byte, video or even some remote proof that the President is giving cash to anyone.

          • Anomaly 100 February 24th, 2015 at 9:00 am

            He’s better looking than I had imagined.

        • William February 23rd, 2015 at 8:36 pm

          Wages are still stagnant
          No sh!t Sherlock

        • Anomaly 100 February 24th, 2015 at 8:59 am

          “Wages are still stagnant.”

          Tell that to Walmart. Yet your party opposes a living wage increase.

  4. raypc800 February 23rd, 2015 at 4:32 pm

    All complements of the economic policies of the TP/GOP.

  5. nola878 February 23rd, 2015 at 4:43 pm

    The problem is that we Americans expect to much…if we could do with out such luxuries as refrigerators or indoor plumbing, we’d be able to save more!

  6. mea_mark February 23rd, 2015 at 4:51 pm

    Could that be because almost all the money in savings is in the bank accounts of the top1% ? If Americans overall need more money in savings then we need to tax the very rich and put the money back in circulation so the rest of America can have a chance at earning it. Right now it is locked up in the hands of the selfish top 1%. They’re just not spending it because it is way more than they need and they don’t want to help those that have the need.

    • John Tarter February 23rd, 2015 at 5:54 pm

      Can we start with all the rich Hollywood liberals? Give them one good paycheck for 20 million, and then after that it’s a 90% tax on all of them.

      • mea_mark February 23rd, 2015 at 6:03 pm

        A progressive tax applied equally to all. I don’t have a big problem with 90% tax for everything over 20 million dollars in a year. If you can’t live insanely comfortable on that then there is something wrong with you and no amount of money will help.

      • tracey marie February 23rd, 2015 at 6:22 pm

        why do you feel the need to attack liberals who are rich and swoon over koch?

        • John Tarter February 23rd, 2015 at 6:55 pm

          I don’t. Just calling out the hypocrisy of people like you. I am happy that movie stars are rich and happy that the Koch brothers are rich. It’s the left who has no problems with rich liberals but go bonkers over rich conservatives. George Soros good, Koch Brothers bad.

          • tracey marie February 23rd, 2015 at 7:22 pm

            wrong, just trolling again

          • StoneyCurtisll February 23rd, 2015 at 8:42 pm

            He said Soros~!..
            About time..
            I need a drink~!

            Wanna guess how much money is being pumped into the next election from the Koch bros. vs Soros?..
            Lets start with $900,000,00 from the Koch Bros..
            If you can find a dollar figure on current Soros election spending, let me know.

          • Anomaly 100 February 23rd, 2015 at 8:47 pm

            I loves me the Soros drinking game!

      • edmeyer_able February 23rd, 2015 at 6:26 pm

        So much derp

        Warren Buffett Tells Congress To Raise Taxes On Wealthy
        Name a repub calling for the same thing

        • John Tarter February 23rd, 2015 at 6:52 pm

          Don’t need to. Their idea is to let people keep the money THEY make so they can reinvest and create other jobs so other people can make money. That’s the difference. Giving the government more money so they can waste it on things like studying the sex lives of worms makes no sense at all. The government creates nothing, it only takes.

          • mea_mark February 23rd, 2015 at 6:55 pm

            But the rich don’t always reinvest or create jobs, more often they just make a bigger nest egg for themselves pulling the money out of the economy. By the way, the government spends what it takes in and returns it into the economy. Regardless of the benefit, it is at the very least returned back into the economy.

          • Obewon February 23rd, 2015 at 8:22 pm

            You’re a total joke who’s Average Income is supposed to be $160,000 per year. Meanwhile your trucker delivery pennies never add up, so you blame everyone else for your consecutive “bad judgement” failures e.g. your -$70,000 underwater house value in PA! You’ve won The most Gullible Award 5 years in a row!

          • tracey marie February 23rd, 2015 at 8:46 pm

            trickle down has not worked comrade

          • edmeyer_able February 23rd, 2015 at 9:17 pm

            3 trillion off shore try again derp.

        • Obewon February 23rd, 2015 at 8:18 pm

          ‘Leave no billionaire behind’ are GOP’s few remaining donors. But even lifelong repubs (R) Buffet, MSFT (R) Bill Gates Jr, with 2/3 of B/millionaires support the Buffett Rule 30% minimum tax on $1 M+ Annual Net income.

      • StoneyCurtisll February 23rd, 2015 at 8:36 pm

        Keep that kind of talk up and you will earn the title of Comrade Tater..

  7. edmeyer_able February 23rd, 2015 at 4:57 pm

    Anybody else remember this
    I know there are people who through no fault of their own are now living like that but I also know there are people who have put themselves in that situation. Not because they wanted a stove and refrigerator but because they wanted the bigger house and car along with the boat, winter vacation and everything else that corporate merica promised them they would be happy once they bought those things.
    One of the greatest gifts my Father and Mother taught me was to save for something that I wanted not to buy it on credit. In 50 years I’ve only had 2 car loans. and if SS were to go belly up tomorrow I’d be good for at least 15 years.

    But I digress, this is what the business wants a work force willing to work for peanuts.

    • StoneyCurtisll February 23rd, 2015 at 5:20 pm

      I remember in the final 6 months of the bush administration..
      When monthly employment losses were hitting 200-600 and even 780 thousand lost per month..
      And the the Presidential election process was in full gear, and candidates like McCian were saying,”the economy is strong”, (nothing to see here)..
      My son was approaching 13 years old..(he loved to read books)
      I bought him the classic Steinbeck”s The Grapes of Wrath..
      I knew in the future it would would be required reading..
      And I also thought, ‘this might be the future’ dont be surprised, and unprepared if it comes round.

    • Anomaly 100 February 23rd, 2015 at 8:50 pm

      I’ve done the same thing for years. I do not live beyond my means. I don’t have a car loan or a mortgage. I could have had a back breaking mortgage and lived in a grand home, but why do that. I am quite happy in my humble but very cozy home, especially because I don’t have a ton on bills pouring into the mailbox daily.

      I do spend far too much on clothes though:-)

      • edmeyer_able February 23rd, 2015 at 9:13 pm

        Republicans don’t believe women need clothes just be barefoot and pregnant in the kitchen

  8. Benji0804 February 23rd, 2015 at 9:11 pm

    This is why I have a cushion for unexpected expenses and I am a cheap SOB.

  9. ExPFCWintergreen February 24th, 2015 at 12:08 pm

    Awesome! I’m one of the 37 Percent! That’s within 36% of being the 1 Percent. Things are definitely looking up.