Economics

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Nearly a quarter of U.S. households live paycheck to paycheck, report finds (www.cbsnews.com)

submitted 1 month ago by MicroWave@lemmy.world to c/economics@lemmy.world

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A growing share of lower-income Americans are struggling to get by financially as their wages fail to keep up with inflation, according to a recent analysis.

Roughly 29% of lower-income households are living paycheck to paycheck, up slightly from 2024 and from 27.1% in 2023, data from the Bank of America Institute shows. The financial firm defines that as spending more than 95% of household income on necessities such as housing, gasoline, groceries, utility bills and internet service.

In 2025, nearly a quarter of all U.S. households lived paycheck to paycheck, Bank of America estimates.

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[–] AdolfSchmitler@lemmy.world 1 points 1 month ago

Good thing you didn't read the post, which defined living paycheck to paycheck as spending 95% of your income on necessities like housing and food. You think these people are blowing money at the bars? Lol. If anything they're getting a bottle of bottom shelf shit and drinking alone in the dark.