Results: Six in 10 Americans Are Living Paycheck to Paycheck, Survey Finds
Published on 09/08/2023
People are “trapped” in a paycheck-to-paycheck lifestyle by nonessential spending, according to a new survey from LendingClub.
Source: https://www.cpapracticeadvisor.com/2023/09/06/six-in-10-americans-are-living-paycheck-to-paycheck-survey-finds/94226/
Source: https://www.cpapracticeadvisor.com/2023/09/06/six-in-10-americans-are-living-paycheck-to-paycheck-survey-finds/94226/
QUESTIONS
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Comments
1.
1.
Some 61% of Americans of all income brackets were living paycheck to paycheck as of July, with many citing nonessential spending as a major factor for their situation, according to a new survey. Would you consider yourself/your household living paycheck to paycheck?
Yes
49%
1079 votes
No
39%
856 votes
Undecided
12%
265 votes
2.
2.
According to research by PYMNTS, about 16 million consumers, or slightly over 10% of the paycheck-to-paycheck population, cite nonessential spending as the primary reason they are "trapped" in the paycheck-to-paycheck cycle. If you answered yes to question 1, do you think your paycheck to paycheck cycle is based on either of the following? Nonessential spending
7%
157 votes
Essential spending
27%
584 votes
A mix of both
30%
649 votes
Not Applicable
37%
810 votes
COMMENTS