More Americans living paycheck-to-paycheck than 5 years ago, Bank of America data shows
Gerald Store, CEO of Store Advisors, assesses the state of the consumer, provides an outlook for the holiday season and reacts to the September retail sales report. The percentage of U.S. households living paycheck to paycheck has increased across all income groups over the past five years, according to a new study from the Bank […]
High debt is causing more consumers to live paycheck-to-paycheck
Approximately 60% of consumers live paycheck to paycheck, primarily through debt and inflation. (iStock) Many workers are living paycheck to paycheck, with around one in three citing debt as one of the main reasons. According to a PYMNTS study. As of December, 60% of survey respondents said they were living paycheck to paycheck. This is […]
Paycheck-to-Paycheck Consumers Could Benefit From Capital One/Discover Deal – PYMNTS.com
In what could be one of the biggest acquisitions of the decade, Capital One recently announced it wants to buy Discover Financial in a deal valued at more than $35 billion. If regulators approve the deal, it will combine two of the largest U.S. credit card issuers to create a global payments platform with 70 […]
7 in 10 Americans living paycheck-to-paycheck will spend same or less this holiday season: survey
Seven in 10 Americans living paycheck to paycheck say they expect to spend the same amount or less this holiday season than last year, according to a new report. Forbes Advisor Survey. The survey found that nearly half (47%) said they planned to spend the same amount on holiday shopping this year, while about 18% […]
Biden Brags About ‘Strongest Economy In The World’ While 61% Of Americans Live Paycheck-To-Paycheck
President Joe Biden boasted on Friday that while the United States has “the strongest economy in the world,” the majority of Americans live paycheck-to-paycheck. president Touted He talked about the economy in a speech on Friday about the August jobs report that showed the US added 187,000 jobs. The unemployment rate rose to 3.8% over […]
Almost six in 10 living paycheck-to-paycheck: survey
Nearly six in 10 American adults report living on a paycheck in an economic climate riddled with inflation and fears of recession, according to a new poll. CNBC-Momentive Survey According to the Financial Confidence Survey, 58% of Americans say they live on a paycheck, and 70% say their financial situation is stressful. Nearly 80% of […]