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RE: Credit Card, Student And Auto Debt All Hit Record Highs In December

in #economy7 years ago

There are plenty of part-time, high-turnover, temporary and 1099-gig “jobs” at low wage levels, geared to those with “somethin’ comin in’ from spouses, ex spouses or welfare and child-tax-credit welfare. They are often just 19th century sweatshop-style piecwork. The now-doubled, refundable child tax credits up to $6,444 now equal more than 1/3rd of what many full-time jobs pay for the entire year. When you cannot cover a full range of household bills, including rent that consumes half or more than half of your monthly pay, with earned-only income, a job is not really a job. It is a gig, like the babysitting gigs worked by teenagers for pocket money, when their major bills are paid by unearned income from their parents. Employment numbers should separate the bill-including rent that consumes half or more than half of your monthly pay, with earned-only income, a job is not really a job. It is a gig, like the babysitting gigs worked by teenagers for pocket money, when their major bills are paid by unearned income from their parents. Employment numbers should separate the bill-paying jobs from the gigs.