The Finch Formerly Known As Gold

1 February 2006

Brother, can you spare a twenty?

According to the old joke, it's called "take-home" pay because you can't afford to go anywhere else with it.

ACNielsen research reports that of all the people they surveyed, the Americans and the Portuguese are the most cash-strapped; twenty-two percent of their US survey respondents reported that once the bills are paid, there's nothing left.

Then again, it was 28 percent last year, so at least some folks are doing better now.

And there's this:

[O]f U.S. consumers who do have spare cash, their first priority for that money is debt repayment (42%). This number has increased nine percentage points since October 2004.

I am slowly but semi-surely whittling down that mountain of debt, though an occasional Pick 3 winner would help.

Posted at 6:19 AM to Common Cents