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.
More Info: www.bls.gov
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