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Over half of Americans live paycheck to paycheck, including 30% of those earning $100,000 or more annually. Oklahoma, South Dakota, and Vermont have the highest percentages. Savings have dropped, with less than 40% having an emergency fund and only 15% satisfied with their financial situation. Almost half have paid only the minimum on credit card bills for a year or more.
More than half of all Americans live paycheck to paycheck, and it’s not just those on low or middle incomes: About 30 percent of those making $100,000 US dollars (USD) or more a year still live paycheck to salary. The states with the highest percentage of people living regularly paycheck-to-paycheck include Oklahoma, South Dakota, and Vermont.
More facts about the finances of Americans:
The growing number of people living from paycheck to paycheck has caused savings to drop significantly. Fewer than 40% of Americans have an emergency fund and less than a third save less than $100 a month.
Only about 15% of Americans say they are satisfied with their financial situation.
Nearly half of Americans have paid just the minimum amount on credit card bills for a year or more.
