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Yes, but these type of articles have been around even before Covid. Here's one from 2013 76% of Americans are living paycheck-to-paycheck https://money.cnn.co

Yes, but these type of articles have been around even before Covid. Here's one from 2013 76% of Americans are living paycheck-to-paycheck https://money.cnn.com/2013/06/24/pf/emergency-savings/index.html https://money.cnn.com/2013/06/24/pf/emergency-savings/index.... And I'm sure you can find more even earlier than than that. I've found myself at the edge of my finances at some point but can the number be so large all the time in one of the riches country in the world?

PragmaticPulp 5y ago
These articles get published because they get clicks, not because they're accurate. The actual survey this article was based on is available here: https://www.bankrate.com/banking/savings/financial-security-january-2021/ https://www.bankrate.com/banking/savings/financial-security-... Scroll down to the question they asked and the results and you'll see that it's nothing like what this headline suggests. If you answered "put it on a credit card and pay it off" or suggested that you would cut other expenses that month, you were counted as being unable to afford it. The majority of Americans are not on the brink of financial collapse, but headlines suggesting as much will never fall out of fashion.