More than half of Americans earning more than $100,000 a year say they're living paycheck to paycheck, according to a report from PYMNTS and LendingClub. This may be a result of a sneaky behavioral phenomenon called lifestyle creep, which is when a person's spending habits expand as their income rises. The rise in the cost of living complicates matters, as incomes have not kept up with inflation. Watch the video above to learn more about why Americans struggle to keep money in their pockets.
The American education system is entirely hijacked by corporate interests. See the Food Pyramid lie for a good example. There’s no incentive for the corporations who fund public schools to teach financial literacy when frivolous spending and paid-with-credit are so much more profitable.
The American education system is entirely hijacked by corporate interests. See the Food Pyramid lie for a good example. There’s no incentive for the corporations who fund public schools to teach financial literacy when frivolous spending and paid-with-credit are so much more profitable.