- 8 percent of Gen Xers are living paycheck to paycheck. That’s even worse than the Millennials are doing (57 percent)!
- One-third of U.S. consumers say they aren’t currently saving any money;
- 61% of U.S. consumers—about 120 million Americans—say they are living paycheck-to-paycheck as of April of 2023.
- Of this group, 60% have no significant savings.
- 57% of Americans don’t have enough in savings to cover a $1,000 emergency expense.
- 40% of Americans who earn $100,000 or more per year say they are living paycheck to paycheck.
- Six out of ten people can’t cover a $1,000 emergency.
- Of Millennials who make over $100,000 per year, 60 percent of them say they are living paycheck to paycheck, according to career management company Zippia.
- Less than 4 in 10 Americans have at least three months worth of expenses saved up. Looked at another way, the average American cannot survive 90 days of unemployment.
- 22% of Americans have no emergency savings at all.
