Category: 

How Many Americans Live Paycheck to Paycheck?

More than half of all Americans live paycheck to paycheck, and it's not just those who have low or average incomes — about 30 percent of those who make $100,000 US Dollars (USD) or more a year still live paycheck to paycheck. States with the highest percentage of people who regularly live paycheck to paycheck include Oklahoma, South Dakota and Vermont.

More facts about Americans' finances:

  • The increasing number of people living paycheck to paycheck has caused saving to go down significantly. Less than 40 percent of Americans have an emergency fund, and less than a third save less than $100 USD a month.

  • Only about 15 percent of Americans report being satisfied with their financial situation.

  • Almost half of Americans have paid only the minimum amount on their credit card bills for a year or longer.

Follow wiseGEEK:
  twitter

More Info: www.bls.gov

Discuss this Article

Post your comments

Post Anonymously

Login

username
password
forgot password?

Register

username
password
confirm
email

Free Widgets for your Site/Blog

A major boulevard in Kosovo's capital is named after Bill Clinton and features an 11-foot (3.4 m) statue of him.  more...
 
January 18 ,  1985 :  The US walked out of a World Court Case.  more...