1 in 4 Americans to Live Paycheck to Paycheck

New study shows that nearly 25% of American households will live paycheck to paycheck next year, a slight increase from last year. This is due to lower-income households, particularly millennials and Gen X, facing a wage story where wages fall while inflation remains high. The growth rate has slowed down to 0.3%, but experts warn of renewed financial pressure due to rising inflation. The situation varies by region, with the Northeast and Midwest seeing an increase, while the South and West have a decrease. Americans are also spending their paychecks quickly, highlighting the tight financial situations many families are navigating.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.