2 ms·
https://institute.bankofamerica.com/economic-insights/paycheck-to-paycheck-lower-income-households.html https://institute.bankofamerica.com/economic-insights/pa
by computably 1y ago
https://institute.bankofamerica.com/economic-insights/paycheck-to-paycheck-lower-income-households.html https://institute.bankofamerica.com/economic-insights/payche...
BoA says 25% are paycheck-to-paycheck based on their internal data, which is still pretty nuts.
- renewiltord 1y agoYes, it is much lower than the 60% postulated above, even counting those who have massive positive home equity they could access at any time. Median net worth is almost $200k. People in this country are so wealthy.
- Izkata 1y agoI also remember seeing something a few years ago that this stat has always floated around 20-30%. It was in the context of reporting that living paycheck to paycheck "has reached 30%", but that the reporting never included historical averages, to make the news much more sensational than it actually was.