Howard Dean should talk about this nationally

[ckramer]

Large Number Of U.S. Consumers Continuing To Live Paycheck To Paycheck

The U.S. is number one when it comes to the percentage of the population that claims to “have no spare cash,” according to a new ACNielsen survey of consumers in 38 markets. More than one-quarter (28%) of U.S. respondents said once they have covered their essential living expenses they have no money left over.

The U.S. findings were consistent with the results of a similar survey ACNielsen conducted in October 2004. Of U.S. consumers who do have spare cash, their first priority for that money continues to be debt repayment, with a growing number citing that choice compared to the 2004 survey. As indicated in the chart below, the percentage of U.S. consumers choosing the spending categories of out of home entertainment, clothing, and new technology has declined. The only spending area to increase was “Home improvements, decorating.”