sobchak comments on Nearly a quarter of U.S. households live paycheck to paycheck, report finds

Nearly a quarter of U.S. households live paycheck to paycheck, report finds (www.cbsnews.com)

submitted 1 year ago by MicroWave@lemmy.world to c/economics@lemmy.world

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A growing share of lower-income Americans are struggling to get by financially as their wages fail to keep up with inflation, according to a recent analysis.

Roughly 29% of lower-income households are living paycheck to paycheck, up slightly from 2024 and from 27.1% in 2023, data from the Bank of America Institute shows. The financial firm defines that as spending more than 95% of household income on necessities such as housing, gasoline, groceries, utility bills and internet service.

In 2025, nearly a quarter of all U.S. households lived paycheck to paycheck, Bank of America estimates.

[–] sobchak@programming.dev 5 points 1 year ago (1 child)

I think you may have a misconception of what the bottom 25% of earners do. Or, maybe I do. I don't know anyone that does that stuff regularly, not even the high earners I know.