Statistics on People Living Paycheck to Paycheck

Source: 

https://www.cnbc.com/2024/04/09/most-of-americans-are-living-paycheck-to-paycheck-heres-why.html

More Americans may be struggling to make ends meet. A majority, 65%, say they live paycheck to paycheck, according to CNBC and SurveyMonkey’s recent Your Money International Financial Security Survey, which polled 498 U.S. adults. That’s a slight increase from last year’s results, which found that 58% of Americans considered themselves to be living paycheck to paycheck.

While last year’s survey polled more than 4,000 U.S. adults, this year, CNBC took a worldwide look at personal finance. The 2024 survey polled 4,342 adults altogether and included 500 adults from Mexico, 503 adults from Australia and 482 adults from Singapore

Of those who said they live paycheck to paycheck, 35% said they would need to make $50,000 per year to feel financially secure, 44% said they’d need to make $100,000 per year and 11% said they’d need to make $500,000 per year.

Among those who consider themselves to be living paycheck to paycheck, financial stressors vary.

• 69% cite inflation
• 59% cite lack of savings
• 28% cite rising interest rates
• 33% cite credit card debt
• 28% cite medical or health-care bills
• 21% cite layoffs or loss of income
• 15% cite student loans