76 million American adults say they are struggling financially. [View all]

[Barack_America]

76 million Americans are struggling financially or just getting by

...The Fed survey highlights many of Americans' continuing economic worries. Some 46% of adults say they can't cover an unexpected $400 expense or would have borrow or sell something to do so

While lower income Americans said they'd have the toughest time handling this emergency charge, some 38% of middle class Americans reported they'd have trouble too. Even 19% of those raking in over $100,000 a year said they couldn't pay the bill promptly.

About one-third of Americans also say that their income varies month-to-month, mainly because they have an irregular work schedule. Some 45% say their expenses shift each month. Some 42% of those with these volatile income streams or expenses say they struggled to pay the bills at least once in the past year...

...But nearly one-third of non-retired adults have not socked away anything for their Golden Years nor do they have a pension. This includes 27% of those age 60 and older.

This is probably why many Americans plan to continue working when they hit retirement age. Some 42% expect to either retire at age 70 or older or to never retire...

http://money.cnn.com/2016/06/10/news/economy/americans-struggling-financially/

The link also shows a graphic stating that 66% of American wealth is held by millionaires, more than double that of Western Europe.

This is unacceptable. Why aren't we doing better than this?