Nearly half of Americans say their expenses are equal to or greater than their income. And for young people, it’s over half.

Source: Half of Americans are spending their entire paycheck (or more) – Jun. 27, 2017

Once upon a time, in a faraway land….

Actually on an Amtrack train trip from the San Francisco bay area San Diego and it was a long time ago.

Minutes away from the San Diego station, the only other passenger in the facing 3 person seats (IMS), the other passenger wistfully looking out the window said to no one in particular:

Most of America is a paycheck from bankruptcy.

“Who do you work for?” I asked.

“The IRS” he said.

End of conversion in the early 1990s. Always wondered if he was one of them.