Someone got around to the U.S. Commerce Secretary today....Wilbur Ross....who spoke up to federal workers on furlough or working without pay.....that they don't have money to pay bills, buy groceries, and attempting to use food banks.
His response? “I know they are, and I don’t really quite understand why.”
Here is the blunt truth.....these individuals....some making $70,000 a year....are living paycheck to paycheck. Some, in a couple situation....clearly over $200k a year before taxes, and they live paycheck to paycheck.
Sympathy for them? No......sorry, I have none.
It's one of those rules I had from age thirty-five on....have three months of pay sitting in some kind of account (either savings or CDs) which you can use in some emergency if necessary.
How did these dimwits get to this stage? Lots of credit, and the belief that nothing would derail their fantastic lifestyle.
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