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News@lemmy.world · 1 day ago

Most Americans don't earn enough to afford basic costs of living, analysis finds

www.cbsnews.com

cross-posted to:
economy@lemmy.world

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Most Americans don't earn enough to afford basic costs of living, analysis finds

www.cbsnews.com

return2ozma@lemmy.world to

News@lemmy.world · 1 day ago

cross-posted to:
economy@lemmy.world

The bottom 60% of U.S. households don't make enough money to afford a "minimal quality of life," according to a new analysis.

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Credit is doing a lot of heavy lifting. If credit seizes up, then it all falls apart. That’s why interest rates have been held low for so long.

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