Two thirds of Americans now live paycheck to paycheck. This isn’t sustainable, warns the former secretary of labor


Wealth inequality is even more of a problem than income inequality. That’s because you have to have enough savings from income to begin to accumulate wealth – buying a house or investing in stocks and bonds, or saving up to send a child to college.

But many Americans have almost no savings, so they have barely any wealth. Two-thirds live paycheck to paycheck.

Sourced through Scoop.it from: www.salon.com

Author: 99er

I'm a political activist dedicated to ending two-party rule in America.

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