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kstinfo t1_j9hp5ka wrote

59 percent of Americans are a paycheck away from being homeless, according to a survey by Charles Schwab.

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app_priori t1_j9jv5u2 wrote

Isn't that most people? I would fit into that category. I don't live paycheck to paycheck but eventually savings run out.

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kstinfo t1_j9k06d8 wrote

Schwab is encouraging investments but living paycheck-to-paycheck numbers are in that area.

You read through the comments and many are pretty caustic from people who refuse to believe homelessness could happen to them. Sure, it isn't a straight drop, there are catch holds along the way but all are temporary.

OP argues, and I agree, that secure accommodation is the key. Countries which have taken that approach have been way more successful than the US. Coincidentally those countries also have a significantly lower wealth gap than we do.

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ArmAromatic6461 t1_j9k8ir8 wrote

This isn’t remotely true. There are some estimates that proportion of people don’t have cash reserves on hand to handle an emergency with cash if they didn’t get a paycheck— but that doesn’t mean they’d be homeless. There are lots of sources of liquidity most people can tap before that happens, nevermind getting some temporary help from family or friends.

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kstinfo t1_j9kxbl5 wrote

I addressed that in an earlier comment, "Sure, it isn't a straight drop, there are catch holds along the way but all are temporary."

There are too many people who would rather starve themselves than see someone else get a free meal.

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