Posted 3/7/2024, 2:00:00 PM
Two-Thirds of Americans Forced to Sacrifice to Pay Bills in 2022
- 66% of U.S. adults made sacrifices to pay monthly bills in 2022, per a December survey by Assurance IQ
- The most common tactic was borrowing money or using credit cards (41%); lower income households were more likely to borrow
- The second most common tactic was paying a bill late (38%)
- Nearly one-fourth (24%) skipped meals to cover expenses; 23% sold possessions
- Without a financial safety net, many households are constantly on the brink of poverty, according to the CEO of Assurance IQ
