Hello fellow rebel capitalists hope you're well wanted to go over a story from the New York Post that shows how many Americans that are making a hundred thousand dollars a year are basically broke living paycheck to

paycheck and then I'm going to tell you why it's even worse than the data would suggest based on this story.

Let's get right over to the New York Post and check this out.

It says millions of Americans earning a hundred thousand dollars a year

are living paycheck to paycheck based on a recent survey.

But of course, based on the jobs numbers, the economy is booming, just FYI.

More than half of Americans, So half, 51% of Americans with a hundred, okay so it's not just

a hundred thousand dollars, it's a hundred thousand or more as of the end of December, 51% of Americans with $100,000 or more an annual income said they live paycheck to paycheck.

I can't believe that.

The share rose 9% compared to one year earlier when 42% of six figure earners made the same admission.

Wow.

Overall whopping 64% of U.S. consumers equivalent to 166 million Americans.

So they are living on razor-thin budgets.

Wow, that's just, that's hard to believe.

The effect of inflation, the effects of inflation

are eating into every American's wallet.

And as the Fed's effort to curb inflation,

drive up cost of debt, we are seeing near record Americans

living paycheck to paycheck.

Yeah, that's a good point.

So your purchasing power goes down because inflation goes up higher than the rate of your annual salary.

And then you can't borrow the money because interest rates on credit cards are at all-time highs.

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