Pooched — Greater Fool – Authored by Garth Turner – The Troubled Future of Real Estate: "And who can forget the last holy-shit moment from the Canadian Payroll Association?
These guys have polled people for six years, and things are nasty. A hefty 51% of all working stiffs said in the last survey “I would find it difficult to meet my financial obligations if my paycheque was delayed by a single week.” Half of everybody. Only one week. Ouch. What does this tell us when 70% have houses and epic mortgages?
Of course. They own stuff. But no money.
This is borne out by the fact the payrollers also discovered 26% of people could not come up with just $2,000 over the course of an entire month if an emergency cropped up. And everybody seems equally hooped. Almost 80% of mature people say they’ll probably have to delay retirement while 63% of Millennials say they’re living paycheque-to-paycheque."
'via Blog this'
These guys have polled people for six years, and things are nasty. A hefty 51% of all working stiffs said in the last survey “I would find it difficult to meet my financial obligations if my paycheque was delayed by a single week.” Half of everybody. Only one week. Ouch. What does this tell us when 70% have houses and epic mortgages?
Of course. They own stuff. But no money.
This is borne out by the fact the payrollers also discovered 26% of people could not come up with just $2,000 over the course of an entire month if an emergency cropped up. And everybody seems equally hooped. Almost 80% of mature people say they’ll probably have to delay retirement while 63% of Millennials say they’re living paycheque-to-paycheque."
'via Blog this'
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