Wednesday, Jul. 17, 2024
Do nearly two-thirds of Americans say they live paycheck to paycheck?
Three national polls done in 2024 found nearly two-thirds of Americans said they are living paycheck to paycheck.
That means 66% said they spend as much as they earn each month making it difficult to save for the future, a MarketWatch Guides survey found.
The figure was 65% in a poll by CNBC and SurveyMonkey and 65% in a PYMNTS Intelligence report.
Virginia Gov. Glenn Youngkin claimed July 16, 2024, at the Republican National Convention in Milwaukee that under President Joe Biden, “66% of Americans now live paycheck to paycheck.”
Similar 2024 polls found lower percentages.
58% of registered voters in a NewsNation/Decision Desk HQ poll said they are living paycheck to paycheck.
40% of Americans said they are unable to plan beyond their next paycheck, according to a National True Cost of Living Coalition-commissioned poll.
A Bankrate poll of workers found 34% said they are living paycheck to paycheck.
This fact brief is responsive to conversations such as this one.
Sources
- MarketWatch Paycheck to Paycheck Statistics
- CNBC More Americans say they are living paycheck to paycheck this year than in 2023—here's why
- PYMNTS Emergency Expenses Break the Bank for Paycheck-to-Paycheck Consumers
- WRIC ABC 8News Gov. Glenn Youngkin speaks at the Republican National Convention in Milwaukee
- National True Cost of Living Coalition For Immediate Release — National True Cost of Living Coalition
- NewsNation Voters on the economy, presidential debates and RFK: Full results
- Bankrate More Than A Third of Workers Say They're Living Paycheck To Paycheck
About fact briefs
Fact briefs are bite-sized, well-sourced explanations that offer clear "yes" or "no" answers to questions, confusions, and unsupported claims circulating online. They rely on publicly available data and documents, often from the original source. Fact briefs are written and published by Gigafact contributor publications.
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