New Study: 25M Middle-Class Americans Live Paycheck-to-Paycheck
More and more Americans are having to live paycheck to paycheck. A new study places the number at 38 million American families living "hand-to-mouth." Living paycheck-to-paycheck has generally been associated with those living in poverty, but the study by the Brookings Institution found that two-thirds are actually considered middle-class.
Only about one-third of those who say they're struggling to make ends meet are what most would consider poor.
Experts say middle-class families are now putting their excess cash into real estate, stocks and retirement accounts, since savings accounts offer virtually no return. That means more and more families are ending up with little to no cash leftover after payday.
Guilfoyle believes data like this is just one reason why a "reckoning" is coming in November's midterm elections and "perhaps" in the 2016 presidential election.
"The middle class is suffering. They are not better off. ... It's a real problem for this presidency and for the people trying to retain Senate seats," she said.
Carlson said nobody wants to acknowledge "real inflation," pointing out that food, housing and education costs keep going up.
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