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Nearly half of U.S. lives paycheck to paycheck

December 17, 2012 @ 8:03 am

Lenders and servicers may be interested in the results of a new NetCredit.com study, which show that 48 percent of Americans are living paycheck to paycheck.

Some 44 percent of poll respondents say they are simply trying to keep up with monthly mortgage payments or bills and avoid excessive debt or bankruptcy.

"Living paycheck to paycheck puts many Americans dangerously close to their own personal fiscal cliff should they be hit with an emergency expense," said NetCredit's Stephanie Klein.

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Comments (6)


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  • murr wrote...
    If the private sector keeps this up.
    December 17, 2012 7:43 am
    They might be like our high and mighty goverment sector. Remember how smart and educated they are. Proof is in the pudding ???? go figure, and they are called leaders.
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  • Fuego wrote...
    I'm surprised
    December 17, 2012 10:09 am
    that the number is that low.
    { "Thumbs Up":"1","Thumbs Down":"-1" }
  • SickofSeattleite wrote...
    how many of these people
    December 18, 2012 5:33 am
    have cell phones, northface jackets and ipads? It's more a matter of priority than emergency expenses...Poor planning...there are always emergency expenses.
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  • ElenaT wrote...
    you need a cellphone
    December 20, 2012 1:38 pm
    you can buy northface and columbia clothes at ross, and your parents can give you an ipad for christmas, yet you still do not make enough to have enough put away to last 2 weeks should you lose your job. It's not what you own, it's how much money you have coming in, and when you make 35,000 a year before 15% is taken out for taxes, minus 80 a month for health care, minus 100 for a retirement account you have to have (though you know you should have), you still need to buy nice clothes and cellphones ipads and rent and gas in order to show up and do well at your job. You can judge all you want, but you picked terrible examples.
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  • Vlastimil wrote...
    currencey debasement
    December 19, 2012 6:49 pm
    There used to be a time when a single income would provide a good comfortable lifestyle. Tv's, furniture, and other big ticket items were purchased using cash. The country had a healthy savings rate. It's no coincidence that after Nixon closed the gold window the US went from the largest creditor nation to the largest debtor. The temptation to print worthless federal reserve notes is to great. Living paycheck to paycheck is just another symptom of an unsustainable system built on ever expanding credit and debt instead of productivity.
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  • Rangerhawk wrote...
    An emergency expense or....
    December 19, 2012 10:06 pm
    the end of the "Bush Tax Cuts"
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