FAST FIVE: 1 In 3 American Workers Runs Out Of Money Before Payday
Amy is one of those Americans who are all too familiar with her household running short on cash as her husband makes about $50,000 per year.
Dan Macklin, Salary Finance's US CEO and co-founder of SoFi, told CNBC that it's not just people on the lower end of the salary spectrum that can't make ends meet.
Macklin said the cost of living is stressing everyone out and putting a massive hole in wallets.
Macklin warned the findings are “extremely worrying” ahead of the next economic downturn.
We've documented countless times that exploding wealth inequality has transformed the middle class into the bottom 90%, as it's the top 10%, and really the top 1%, that are benefiting off easy money policies.