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Do nearly two-thirds in US say they live paycheck to paycheck? [1]

['Tom Kertscher', 'Wisconsin Watch', 'More Tom Kertscher', 'Fact Checker', '.Wp-Block-Co-Authors-Plus-Coauthors.Is-Layout-Flow', 'Class', 'Wp-Block-Co-Authors-Plus', 'Display Inline', '.Wp-Block-Co-Authors-Plus-Avatar', 'Where Img']

Date: 2024-07-17 21:58:38+00:00

Wisconsin Watch partners with Gigafact to produce fact briefs — bite-sized fact checks of trending claims. Read our methodology to learn how we check claims.

Yes.

Three national polls done in 2024 found nearly two-thirds of Americans said they are living paycheck to paycheck.

That means 66% said they spend as much as they earn each month, making it difficult to save for the future, a MarketWatch Guides survey found.

The figure was 65% in a poll by CNBC and SurveyMonkey and 65% in a PYMNTS Intelligence report.

Virginia Gov. Glenn Youngkin claimed July 16, 2024, at the Republican National Convention in Milwaukee that under President Joe Biden, “66% of Americans now live paycheck to paycheck.”

Similar 2024 polls found lower percentages.

58% of registered voters in a NewsNation/Decision Desk HQ poll said they are living paycheck to paycheck.

40% of Americans said they are unable to plan beyond their next paycheck, according to a National True Cost of Living Coalition-commissioned poll.

A Bankrate poll of workers found 34% said they are living paycheck to paycheck.

This fact brief is responsive to conversations such as this one.



Sources

MarketWatch: Paycheck to Paycheck Statistics

CNBC: More Americans say they are living paycheck to paycheck this year than in 2023—here’s why

PYMNTS: Emergency Expenses Break the Bank for Paycheck-to-Paycheck Consumers

WRIC ABC 8News: Gov. Glenn Youngkin speaks at the Republican National Convention in Milwaukee

National True Cost of Living Coalition: For Immediate Release — National True Cost of Living Coalition

NewsNation: Voters on the economy, presidential debates and RFK: Full results

Bankrate: More Than A Third of Workers Say They’re Living Paycheck To Paycheck

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[1] Url: https://wisconsinwatch.org/2024/07/paycheck-americans-biden-republican-national-convention-wisconsin-milwaukee/

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