4 ms·
I downloaded the report referenced in the article, and it is really bad in quality. Among other complaints, it never defines paycheck-to-paycheck. It does have
by gizmo686 4y ago
I downloaded the report referenced in the article, and it is really bad in quality. Among other complaints, it never defines paycheck-to-paycheck. It does have this nugget:
> Job loss and income-related disruptions are the most common fi nancially stressful situa-tion, for instance, with 16% of respondents experiencing this in the last three years . Among paycheck-to-paycheck consumers with issues paying their bills, 30% experienced a job loss and income-related disruption in the last three years compared to 17% of paycheck-to-paycheck consumers without diff i culties and 10% of those not living paycheck to paycheck . Also 26% of paycheck-to-paycheck consumers with issues paying their bills and 15% of paycheck-to- paycheck consumers without diff i culties faced an illness or disability in the household in the past three years . One can conclude that these life-altering events have forced consumers to live paycheck to paycheck .
There is a population of paycheck to paycheck people who have lost income, but do not have issues paying their bills.