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78 Percent Of Americans Living Paycheck To Paycheck

78 Percent Of Americans Living Paycheck To Paycheck

 

Aug. 24, 2017

Around 78 percent of Americans with a fulltime job say they live paycheck to paycheck, according to a new survey from CareerBuilder.com.

Disturbingly, the survey found Americans are worse off than they were last year.

Want Out Of The Rat-Race But Need A Steady Stream Of Income?

Other frightening highlights from the poll include:

  • 71 percent of Americans say they are in debt – an increase from 68 percent last year.
  • 56 percent of those surveyed say their debt is “unmanageable.”
  • 1 in 10 of those who make more than $100,000 a year say they are living paycheck to paycheck.
  • The number of Americans living payday to payday is growing. In 2016, 75 percent of respondents admitted to living paycheck to paycheck.
  • 56 percent of Americans save less than $100 per month.

CareerBuilder.com, a jobs website, surveyed 3,000 full-time employees and 2,000 hiring and human-resources managers as part of the survey.

What is your reaction? Share it in the section below:

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2 comments

  1. I don’t think the full picture is shown here.
    I don’t get much SS each month, but I do save it and keep hidden at home for emergencies.
    Those without savings are spoiled, spend more than they have, and have no concept of tomorrow.
    I could have a cell phone…cable….eat out daily…buy name brand food and clothes…new car….but I DON’T!!!
    When my husband had brain surgery, I needed nothing and paid ahead 3 months on monthly bills!!
    THAT is worth not keeping updated with latest styles, saving by buying from CL, and driving a 14 year old car.
    When this nation collapses, I have years of food stored and supplies–insurance.
    This generation is in real trouble.

  2. My wife and I share a cell phone. Have no cable TV and drive an 04 Nissan Titan. We leave home only if necessary to get provisions and shop Goodwill. We have cash for emergencies and stocks. Only a small mortgage left that can be paid but we use against taxes. We resell refurbished furniture for income so as not to have to use all of social security. I draw a small life time pension my wife will inherit. Our motto is ” If you leave the house at all you will spend at least $ 20″. We rarely eat out. People better be saving.

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