67% of Americans are Living Paycheck to Paycheck
- Donald V. Watkins
- 2 days ago
- 2 min read
By: Donald V. Watkins
Copyrighted and Published on December 23, 2025
An Editorial Opinion
U.S. consumer sentiment is at a record low. Americans are paying more today for homeownership, rental housing, groceries, utilities, automobiles, insurance premiums, childcare, and healthcare than they were a year ago. Furthermore, the number of Americans who are living from paycheck to paycheck has surged to 67%.
President Donald Trump, who is a multibillionaire, says everything is fine because the stock markets are up and his multibillionaires friends are thriving in this economy. Trump, himself, is focused on building a White House ballroom and making deals that enrich his family.
Wall Street is painting a false positive narrative that the economy is surging. This picture reflects the financial health of the One Percenters, not Main Street.
Working-Class Americans from Bleeding Out.
Americans are suffering in this economy. Many of them are bleeding out each day. Here is what their suffering looks and feels like:
Job layoffs have skyrocketed. Employers have announced 1,170,821 job cuts this year through November, an increase of 54% from the 761,358 announced in the first 11 months of 2024.
Auto loans defaults and car repossessions are up.
Student loan defaults have gone through the roof.
Personal Chapter 7 and 11 bankruptcies are up by 10.6% over last year.
Insurance premiums of every kind are up and unaffordable.
Americans are standing in line at food banks in numbers not seen since the Great Depression.
Unemployment is up among young Americans between 20 and 24 is 8.3%, the highest since 2016.
AI is replacing American jobs of all types.
America’s family farmers and cattle ranchers are bankrupting in record numbers.
The dollar is losing its value or purchasing power each year.
Today, Trump’s job approval ratings are in the toilet. After gaslighting the American public for 11 months, Trump and his sycophants in government and the private sector have concocted a scheme to mainstream Bitcoin as the savior for our economic woes. Bitcoin is an alternative digital currency that Wall Street can easily manipulate in artificial ways.
Bitcoin is not classified as a Tier 1 bankable asset. It is a digital currency that has no intrinsic value and is favored by money launderers and other unsavory characters. It is not backed by any tangible asset.
Longtime Berkshire Hathaway CEO calls Bitcoin “rat poison.” I agree with him.
Who will save the American economy? None of the greedy grifters and unbridled hoarders who are running the national government and Wall Street today. All of them are busy lining up private business deals for their personal survival.
No one shouldn't be surprise that America's economy is in the condition it's in. The long term attacks against liberal politicians were interpreted as "give away " of taxpayers resources to lazy unproductive citizens, illegals immigrants moving in and taking American jobs., demanding receipt of government subsidies at the expense hardworking American taxpayers.
Reality deserve checks and balances. By that I mean, seldom criticisms are directed at those who oversees government who make decisions that does not have Main Street Americans in mind. The countervailing experience Americans are experiencing now is an attempt to ensure that selective groups remain a permanent underclass.
Unless some form of legal action is petitioned, I'm thoroughly convinced that Main Street Americans will no time…