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Holms Writes: "In a recent survey, 56 percent of Americans said they have less than $1,000 in their checking and savings accounts combined, Forbes reports. Nearly a quarter (24.8 percent) have less than $100 to their name."

More than 45 million Americans are still stuck below the poverty line. (photo: Spencer Platt/Getty Images)
More than 45 million Americans are still stuck below the poverty line. (photo: Spencer Platt/Getty Images)


More Than Half of Americans Reportedly Have Less Than $1,000 to Their Name

By Jack Holms, Esquire

16 January 16

 

According to a new survey.

n a recent survey, 56 percent of Americans said they have less than $1,000 in their checking and savings accounts combined, Forbes reports. Nearly a quarter (24.8 percent) have less than $100 to their name. Meanwhile, 38 percent said they would pay less than their full credit card balance this month, and 11 percent said they would make the minimum payment�meaning they would likely be mired in debt for years and pay more in interest than they originally borrowed. It paints a daunting picture of the average American coming out of the spend-heavy holiday season: steeped in credit card debt, living paycheck-to-paycheck, at serious risk of financial ruin if the slightest thing goes wrong.

It's a reminder that, while the larger economy has steadily recovered from the Great Recession, the gains have not yet surfaced at the local level. Another study reports that just 65 of the 3,069 counties in the U.S. have fully recovered from the near-collapse in 2008. But it also speaks to the enduring effect of decades of wage stagnation, when many Americans' pay has not kept up with inflation and they have been left further and further behind.

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-17 # cajayson8301 2017-11-18 14:36
Quite a lame excuse of an article to "vindicate" Ms. Stein

1. Her campaign officially launched in February of 2015 and this dinner occurred in December of that year. She's prohibited by law from interacting with a foreign govt. official. I don't care if she said one word to Putin or talked to him for an hour.

2. Laying out foreign affairs proposals? Wait until you're elected, THEN you contact foreign leaders

3. Based off the photo, she seems quite comfortable sitting at the same table as a despotic tyrant who's imprisoned dissidents, quashed free speech, nullified an independent media, and more transgressions. That doesn't sound like someone "concerned by belligerence".

4. Liberals are justified maligning her. She served as a vote diluting candidate because, in many states Trump barely won (Wisconsin, Michigan for example), Stein's total eclipsed his margin of victory. There's no doubt that, had she not been the female Ralph Nader, HRC would've snagged enough of her votes and thus earn a victory

5. Stein is overrated and unqualified for any office. On a YT link where she discusses Hillary, much of her criticisms either were lies (i.e. that HRC lowered Haiti's minimum wage. Independent fact checking sites classified said claim as "false"), oversimplified and flat out ignorant. She shouldn't be entrusted to be dog catcher. Others on the left might excuse her for dining with a 21st Century Mussolini incarnate: this left wing guy will not.

My two cents.
 
 
0 # Johnny 2017-11-20 17:21
Sorry, cajayson8301, your fascist rant is not worth two cents.
 
 
-7 # ddd-rrr 2017-11-18 14:40
Hmmmm...., maybe I'm glad we didn't elect JS -- although if we had, perhaps the
ensuing nonsense would have been of a higher caliber than what we are
now getting with Trump!
 
 
+8 # keith brooks 2017-11-18 14:43
OOOOH. JILL STEIN HAD DINNER WITH PUTIN.
MUST BE BECAUSE SHE WAS A RUSSIAN PLANT.
SO WHAT !
GIVEN WHAT'S GOING ON WITH THE FULL SPECTRUM ANTI-RUSSIA PROPAGANDA CAMPAIGN, THIS IS REALLY GARBAGE.
 
 
0 # Salburger 2017-11-18 14:44
 
 
+20 # Anonymot 2017-11-18 15:10
Hillary hates her. Hillary hates Tulsi. Hillary hates Sanders. In fact, I suspect she hates everybody but Huma and maybe poor old Bill whose search for sex beyond his house is starting to come back up which is publicity she doesn't want.

I voted for Stein and her trip to Russia, like Tulsi's to Syria, were the responsible acts of future national leaders.
 
 
+17 # elkingo 2017-11-18 16:24
I see no reason not to believe Stein outright. And you can ditch any innuendo, although in fairness this article doesn't cast any except by the most vaporous innuendo of an innuendo.

Jill Stein should be president. She didn't put Trump* in office* - Hillary did and you did by voting for her. I voted for Jill, as any person with a conscience and a heart did, but we coulda' written in Bernie.
 
 
+25 # jjonakin@tntech.edu 2017-11-18 18:57
Get a life, Dave. Clinton lost not due to Stein's presence on the ballot but as a result of Clinton's miserable campaign, message and political history. Mother Jones should know this. You apparently do not.
 
 
+4 # Colleen Clark 2017-11-18 19:17
This picture has flitted in and out of my view and when I've gone to look for it I couldn't find it. Stein's explanation of her presence seems reasonable. Maybe she had no idea of who Flynn was, as indeed did most of us at that time in late 2015.
But who were the other "peace advocates" she alludes to?
And Democrats have to wonder further whether Stein's entry as a 3rd party candidate into the 2016 election - not her first foray - did not cost Hillary Clinton the election. I believe Clinton herself said as much - had something to do with Wisconsin in particular, as I recall.
 
 
+15 # Salus Populi 2017-11-19 11:52
Wisconsin was one of the crucial states that used CrossCheck to disenfranchise thousands and possibly tens of thousands of normally Democratic voters. The establishment Democrats and the DNC, who like the idea of using Crosscheck and similar filthy maneuvers to disenfranchise possible future Bernie voters in primaries, have pointedly ignored repeated warnings by Greg Palast, RFK Jr., and others about the disenfranchisem ent, the very probable vote-flipping by black box machines whose code is considered proprietary and therefore cannot be inspected by independent experts, and whose owners happen to be largely far-right Republicans who have shown no compunction whatsoever about using dirty tricks to steal elections [NYT writer Bill Palmer, who is normally highly skeptical if not derisory about conspiracy theories, wrote an article shortly after the election pointing out the anomalies that convinced him that this election had, indeed, been stolen -- by Republicans, not by the Russians], and the disappearance of ballot boxes, choose, just as in other electoral disasters, to blame marginal parties of principle for offering voters a choice beyond corporatism with a flimsy mask and no spine, and blatant fascist reaction. There is a reason the two parties have been called the "toxic twins."
 
 
+7 # intheEPZ 2017-11-18 20:15
Tired of government that works solely for, and sends young Americans to DIE OVERSEAS for the interests of the rich and outsourcing multinational corporations, Americans elected Trump. A gilded baboon. That is pretty damning to the Democratic Party, the machinations of the DNC, and HC herself. Jill Stein was the only alternative on the ballot. The least evil. The only one not wholly owned by the big donors and Israel.
 
 
0 # Robbee 2017-11-19 20:25
Quoting intheEPZ 2017-11-18 20:15] :
ill Stein was the only alternative on the ballot. The least evil.

- still beating dead horse jillie?

pray that hillary is as dead as jillie in 2016 and 2020

folks got over ralph by 2004 - after 8 years of bush2cheney and now at least 4 years of rump, have we learned nothing? do we elect repukes every 16 years, just to see if dead horses, like spoilt milk, still stink?
 
 
+1 # carytucker 2017-11-20 22:01
Quoting intheEPZ:
Tired of government that works solely for, and sends young Americans to DIE OVERSEAS for the interests of the rich and outsourcing multinational corporations, Americans elected Trump. A gilded baboon. That is pretty damning to the Democratic Party, the machinations of the DNC, and HC herself. Jill Stein was the only alternative on the ballot. The least evil. The only one not wholly owned by the big donors and Israel.

Dr Stein couldn't be elected alderman in any Lakefront ward in Chicago, and she wouldn't earn a ballot slot in most of the others. And with very good reason. Politics ain't beanbag and she's a dilettante par excellence.
 
 
0 # tjcos 2017-11-20 11:48
As long as America has this so-called two-party system, ANY third-party candidate is messing with our elections. While I admired Nader's efforts as a consumer advocate, his political adventures were disastrous for the Left. Everyone deserves to have their vote count for something, but when you vote third party, in our current system, you will almost always be aiding those who you oppose.
 
 
-1 # Johnny 2017-11-20 17:14
So what's your point? That Jill is unpatriotic because she has not joined the deep state and its propaganda apparatus, including RSN, is whipping up hatred for Russia so the neocons can attack Iran to start World War III?
 

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