Survey Shows Alarming Number of Working Americans Living Paycheck to Paycheck
Tuesday, 16 July 2024, 10:00
Survey Details
The study conducted by Bankrate reveals that one in three working Americans are barely managing their finances, with a significant portion living paycheck to paycheck.
Demographic Disparities
- Age: Younger generations are most impacted, with millennials struggling the most.
- Income Levels: Lower-income earners are facing the greatest financial strain.
It's imperative for individuals to increase their financial literacy and adopt sound money management practices to break the cycle of financial insecurity.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.