- Dec 8, 2020
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.
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.