Manhattan Institute senior fellow Steven Malanga asks: If major cities aren’t balancing their budgets now, while markets are up, when will it happen?
Almost a third of Americans run out of money before their next paycheck, according to a recent report.
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Salary Finance recently released its second annual report on Americans’ finances, called “Inside the Wallets of Working Americans.”
In that report, the financial services company found that overall, 42 percent of American workers experience financial stress — more than stress in relationships, career and health. And that stress happens across all income levels.
WHERE THE TAX BURDENS ON THE RICHEST AMERICAN ARE THE HIGHEST
People at the lowest income levels experience the most stress (50 percent of people who earn less than $15,000 and 49 percent of people who make between $15,000 and $25,000).
However, the third-highest percentage of people who experience financial stress (47 percent) are people who make between $130,000 and $200,000.