News Paycheck Nation: Why Americans with higher income struggle with bills

[Miles]

An unexpected bill like that is what separates millions of Americans from financial disaster. In fact, survey after survey for years has found that most people in the U.S. live paycheck to paycheck.

Today, amid the pandemic, a third of U.S. adults say they are having difficulty covering everyday costs such as food, rent or car payments. While people with the lowest incomes face the biggest challenges, even some households making above $200,000 are straining to pay basic expenses.

For many families, walking the tightrope of financial stress, with little to no savings, is hardly a pandemic-specific condition. Over a year ago, more than a third of Americans said they could not cover an unexpected $400 home repair or hospital bill without going into debt — or at all.

Paycheck-To-Paycheck Nation: Why Even Americans With Higher Income Struggle With Bills

In the pandemic, a third of Americans struggle to pay usual costs, even some earning over $100,000. But living on the edge financially is nothing new in the U.S. Three households share their budgets.

www.npr.org

 

[KoleWilkerson]

The system is never fair, bur you can always find a way to make it obey you. At least, counting your expenses could make it all better.

It's so true that so many Americans are struggling to make ends meet even with higher incomes. It's a shame that so many people are living paycheck to paycheck. The pandemic has only made things worse for many people. I think a helpful tool for those who are struggling financially could be a pay stub generator, which can help them manage their finances better. Hopefully, with the right tools and resources, people can start to build a more stable financial future for themselves and their families.