81
Nearly a quarter of U.S. households live paycheck to paycheck, report finds (www.cbsnews.com)
submitted 1 year ago by to c/economics@lemmy.world
17 comments fedilink hide all child comments
 

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.

you are viewing a single comment's thread
view the rest of the comments
[–] 1 point 1 year ago

And more bills come in to pay in that six weeks. And mouths still need feed and heads still need roofing.

"Just pay the balance" is great advice... if you actually have the money to do so. Most people in these situations don't. Which is why they're in that position in the first place. Suggesting otherwise is exceedingly out of touch with reality.

  • permalink
  • fedilink
  • source
  • parent