Lots of Rich People Seem to Be in Tough Financial Straits

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Here’s a fairly remarkable poll from Gallup about financial well-being. The direction of the answers is unsurprising: if you earn more, you’re more likely to have enough money to buy the things you need, and less likely to be cutting back on spending.

And yet, of those making over $240,000, a full 10 percent say they don’t have enough money to buy the things they need. And an astonishing 37 percent say they’re cutting back.

I’m not sure what to make of this. Either there are a whole lot of rich people who manage their money really badly, or else this is some kind of statistical artifact. Or maybe rich people consider separate summer and winter getaway homes to be among the things they “need.” It’s a headscratcher.

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SIX TRUTHS

Reclaiming power from those who abuse it often starts with telling the truth. And in "This Is How Authoritarians Get Defeated," MoJo's Monika Bauerlein unpacks six truths to remember during the homestretch of an election where democracy, truth, and decency are on the line.

Truth #1: The chaos is the point.

Truth #2: Team Reality is bigger than it seems.

Truth #3: Facebook owns this.

Truth #4: When we go to work, we're in the fight.

Truth #5: It's about minority rule.

Truth #6: The only thing that can save us is…us.

Please take a moment to see how all these truths add up, because what happens in the weeks and months ahead will reverberate for at least a generation and we better be prepared.

And if you think journalism like Mother Jones'—that calls it like it is, that will never acquiesce to power, that looks where others don't—can help guide us through this historic, high-stakes moment, and you're able to right now, please help us reach our $350,000 goal by October 31 with a donation today. It's all hands on deck for democracy.

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