Posted 12/11/2023, 8:28:00 PM
Despite High Bills and Low Incomes, Most Paycheck-to-Paycheck Americans to Spend Similarly This Holiday Season
- 70% of Americans living paycheck to paycheck will spend the same or less this holiday season compared to last year
- 47% plan to spend the same amount; 18% plan to spend less
- 52% would cut back on savings or go into debt to afford holiday shopping
- High monthly bills (49%) and low income (44%) were top reasons cited for living paycheck to paycheck
- Only 15% of those living paycheck to paycheck have 1 month’s worth of emergency savings