Three troubling charts on the 'income rich-ish and asset poor'
By Fernando Diaz / November 3, 2015
Quartz explains that most Americans, not just the poor, have no safety net in a series of charts based on the Federal Reserve's most recent Survey of Consumer Finances – which is based on 2013 data.
The picture is not as bleak if you include retirement accounts – and there are two other charts that illustrate this further. But it's sobering to see that despite the economic recovery, most Americans are still living paycheck to paycheck regardless of income.
By Fernando Diaz Reveal from The Center for Investigative Reporting November 3, 2015
Quartz explains that most Americans, not just the poor, have no safety net in a series of charts based on the Federal Reserve's most recent Survey of Consumer Finances – which is based on 2013 data. The picture is not as bleak if you include retirement accounts – and there are two other charts that illustrate this further. But it's sobering to see that despite the economic recovery, most Americans are still living paycheck to paycheck regardless of income.