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The couple is part of a growing number of Americans who live above the federal poverty line but struggle to afford basic necessities. The poverty line isn't adjusted to reflect cost-of-living differences in individual cities or states and is set at $20,440 a year for a family of two. Binkley is trying to "make ends meet," hopes to leave Minnesota one dayPrimarily, Binkley said she struggles with her rent and utility bills. AdvertisementFor food, Binkley said she is especially thankful for her local food pantries, where she often goes to pick up canned goods. "That is one thing that keeps driving me to make my payments, get things caught up, and set a little bit aside each week or each month, Binkley said.
Persons: , Melinda Binkley, she's, Binkley, doesn't, ALICE, She's Organizations: Service, Business, Survey, United Way's, Medicare Locations: Stillwater , Minnesota, Minnesota, Idaho
But the $6,000 in BNPL loans she'd racked up over roughly two years felt frivolous, she said, especially because they're planning to buy their first home. Many are seeking cover from high credit card interest rates. After trimming her discretionary spending and sticking to home-cooked meals, she said she's been able to whittle down her BNPL debt to about $1,200. Klarna said it had responsible spending limits for its users, whose average outstanding balance is $150, compared to the more than $6,000 for credit card users. Baird, for her part, acknowledged BNPL services can make inflation and high interest rates feel "easier" for those who can keep their shopping impulses under control.
Persons: Tia Whiteside, Whiteside, she'd, Dyson, she's, Marcus, whittle, Ben Lourie, Lourie, aren't, I've, Amy Baird, Baird, Kevin Mahoney, Mahoney, , Afterpay, Klarna, Sen, Sherrod Brown, Raphael Warnock, John Fetterman, Brown Organizations: LexisNexis, Solutions, University of California, UC Irvine, Singapore Management University, PayPal, Consumer Financial Protection Bureau, Financial, D.C, Sens, NBC News Locations: Greenville , South Carolina, Irvine, Stanford, Dallas, Washington, Ohio
Read previewThe Robert F. Kennedy Jr. -supporting Super Bowl ad that shook up the Kennedy family was backed by a tech-connected figure. This story is available exclusively to Business Insider subscribers. Advertisement"She's a very strong supporter of Robert F. Kennedy Jr.," Tony Lyons, a co-chairman of American Values 2024, told Business Insider on Tuesday. Kennedy, as Business Insider has previously reported, has made numerous false claims about vaccines and vaccine safety. Shanahan played a part in putting together the archival footage for the Kennedy ad.
Persons: , Robert F, Kennedy Jr, Kennedy, Nicole Shanahan, Sergey Brin, ” Shanahan, John F, Tony Lyons, Bobby Kennedy, Shanahan, Bobby Shriver, Kennedy’s, Lyons, husband Brin, Elon Musk, Brin, Musk, Neuralink Organizations: Service, The New York Times, Times, Business, RFK, PAC, People Magazine
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