Most Americans Living Paycheck to Paycheck: Report
View Source | October 25, 2022 10:00 am
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- Two out of three Americans are living paycheck to paycheck, according to a new economic survey by research and data group PYMNTS.
- “Among our findings: 55% have limited spending capacity, 49% have shifted their shopping preferences, and 66% of those living paycheck to paycheck have cut spending, with notable differences reported among rural and urban consumers,” according to the group.
- Additionally, as energy costs have risen faster than other spending categories, 59 percent of respondents who reported living paycheck to paycheck “noted significant rises in prices for utilities in the past 12 months.”
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