4.6 • 3.5K Ratings
🗓️ 14 December 2024
⏱️ 10 minutes
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Are most Americans barely holding their head above water when it comes to personal finances? That?s what various US politicians and news outlets keep suggesting. They can?t stop using a statistic about people living ?paycheck to paycheck?. But what does this really mean?
We go behind the headlines to unpick the numbers. Contributor: Ben Krauss, journalist Presenter: Charlotte McDonald Producer: Vicky Baker and Lizzy McNeill Series Producer: Tom Colls Production co-ordinator: Katie Morrison Sound Engineer: Andrew Mills Editor: Richard Vadon
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0:00.0 | Why do some big successful brands go bust? |
0:05.0 | Toast is back for a new series, taking a look at the decisions that often left investors burnt. |
0:11.0 | I'm Sean Farrington, a BBC business journalist. I'll be hearing about the hype. |
0:15.0 | They're going to do the deal that makes them the most money at that point of time. |
0:19.0 | And I'm picking what went wrong, talking to owners and employees to ask, what can we learn? |
0:25.4 | It was being undercut by similar rivals. It just couldn't survive. |
0:30.3 | Toast. Listen first on BBC Sounds. |
0:33.9 | Hello, and thanks for downloading the more or less podcast. |
0:41.2 | We're the program that looks at the numbers in the news, and I'm Charlotte McDonald. |
0:46.0 | Today, we're looking at a stat that keeps cropping up in US media, |
0:49.9 | a number that gained attention across the political spectrum. |
0:56.3 | Here's left-wing Senator Bernie Sanders talking to reporter Dana Bash on CNN last month. |
1:02.2 | We are living in an economy today, Donna, where the people on top are doing phenomenally well, |
1:07.2 | while 60% of our people are living paycheck to paycheck. |
1:11.8 | And here's Republican Nikki Haley, earlier this year, also on CNN. |
1:16.7 | I mean, right now you've got 60% of American families living paycheck to paycheck. |
1:18.6 | And they're not the only ones. |
1:21.5 | 60% of Americans are living paycheck to paycheck. Americans are living paycheck to paycheck. |
1:23.1 | And how to find some relief. |
1:23.9 | Surveys have found that up to two thirds of Americans feel their living paycheck to paycheck. |
1:29.1 | Bernie Sanders has called this oft-repeated statistic an economic reality for the U.S. |
1:34.4 | But is it? |
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