42.4% of Americans cannot make ends meet

> 42.4% of Americans cannot make ends meet. The latest research shows that many Americans live on paycheck to paycheck. When it is difficult to maintain a balance of payments, there is no extra money at all...

42.4% of Americans cannot make ends meet. The latest research shows that many Americans live on paycheck to paycheck. When it is difficult to maintain a balance of payments, there is no extra money to save. The current tightening of consumer wallets may also be the main reason for the sharp decline in sales performance of the US retail industry. The New York Post reported on the 19th that according to the latest report from the National Bureau of Economic Research (NBER) and the "U.S. Spending Monitor" data released monthly by Discover, the middle class currently relies on paychecks to make ends meet and cannot afford to spend arbitrarily. The NBER report stated: "We found widespread financial vulnerability in the United States, with one in four Americans unable to raise funds within 30 days to cope with a financial shock." Another 19% of respondents said they could raise $2,000, but they would have to sell valuables or advance their salary because they do not have any savings on weekdays. The report said that the problem of insufficient deposits in the United States is gradually expanding. "We examined the distribution of financial vulnerabilities across regions and showed that it is not just the poor who suffer from this problem," the researchers noted. This indicates that the United States has limited ability to withstand financial shocks. NBER officials said other previous surveys had similar results. A poll conducted by the Piyou Research Center two years ago found that 42% of the respondents said that they agreed or mostly agreed that "they often have trouble making ends meet." The report said that people in the middle and upper-middle classes are facing falling housing prices, salary adjustments that are less than the inflation rate, and high unemployment. A recent month's survey by Discover also found that 42.4% of respondents said they had little money left after paying their fixed monthly bills. The rate increased 2.5% from the previous month and was the highest this year. "The endurance of these all-important consumer groups to continue spending will be a major factor in determining whether the economy transitions from a government-assisted recovery to self-sustainable business expansion," said Robert Dye of PNC Financial Group.