Survey finds that nearly 7 in 10 Americans are living paycheck to paycheck
A recently conducted survey found that nearly 7 in 10 American adults are living paycheck to paycheck; 63% don’t see themselves reaching a level of financial security necessary to have the lifestyle they want.
Surprisingly, this number slightly decreased since 2019, when Forbes reported that 78% of workers lived paycheck to paycheck.
The survey, conducted by OnePoll on behalf of AmeriLife, found that Americans generally lack holistic financial education. When seeking financial guidance, American adults sought out resources that don’t tend to be particularly accurate. 45% of Americans turn to social media for financial advice, 44% solicit it from family members, and 42% rely on online news sources.
Americans are also very divided on whether or not they should be keeping money in a dedicated savings account. According to the survey, 79% of Americans making more than $150,000 annually think that having a savings account is “very” important; only 54% of Americans making between $60,000 and $89,999 agree.- READ MORE
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