return2ozma@lemmy.world to News@lemmy.world · 11 months ago62% of Americans are living paycheck to paycheck, as holiday spending, credit card debt risewww.cnbc.comexternal-linkmessage-square34fedilinkarrow-up1390arrow-down16cross-posted to: [email protected][email protected]
arrow-up1384arrow-down1external-link62% of Americans are living paycheck to paycheck, as holiday spending, credit card debt risewww.cnbc.comreturn2ozma@lemmy.world to News@lemmy.world · 11 months agomessage-square34fedilinkcross-posted to: [email protected][email protected]
minus-squareSemi-Hemi-Demigod@kbin.sociallinkfedilinkarrow-up9arrow-down6·11 months agoHow do they define paycheck to paycheck? I believe people are struggling, but I want to make sure I have the numbers right when the wonks get all mathlete with statistics.
minus-squareTenderfootGungi@lemmy.worldlinkfedilinkarrow-up6arrow-down2·11 months agoExactly. You could be maxing Roth and ira, drive new cars, pay on a million dollar house, and live paycheck to paycheck.
minus-squaremriormro@lemmy.worldlinkfedilinkarrow-up3·11 months agoPaycheck to paycheck usually denotes all of your paycheck goes strictly towards critical expenses (food, housing, bills). This is how they’re defining it in their study: https://www.pymnts.com/consumer-finance/2022/what-is-paycheck-to-paycheck/
How do they define paycheck to paycheck? I believe people are struggling, but I want to make sure I have the numbers right when the wonks get all mathlete with statistics.
Exactly. You could be maxing Roth and ira, drive new cars, pay on a million dollar house, and live paycheck to paycheck.
Paycheck to paycheck usually denotes all of your paycheck goes strictly towards critical expenses (food, housing, bills).
This is how they’re defining it in their study: https://www.pymnts.com/consumer-finance/2022/what-is-paycheck-to-paycheck/