| ▲ | computably 6 days ago | |
https://institute.bankofamerica.com/economic-insights/payche... BoA says 25% are paycheck-to-paycheck based on their internal data, which is still pretty nuts. | ||
| ▲ | Izkata 5 days ago | parent | next [-] | |
I also remember seeing something a few years ago that this stat has always floated around 20-30%. It was in the context of reporting that living paycheck to paycheck "has reached 30%", but that the reporting never included historical averages, to make the news much more sensational than it actually was. | ||
| ▲ | renewiltord 6 days ago | parent | prev [-] | |
Yes, it is much lower than the 60% postulated above, even counting those who have massive positive home equity they could access at any time. Median net worth is almost $200k. People in this country are so wealthy. | ||