Majority of Americans Living ‘Paycheck-To-Paycheck’: Study

The average debt for an individual is $25,000, and some Americans have turned to gambling to shore up finances.
A price tag is seen on jeans in a clothing store in Washington, DC, on June 14, 2022. (Photo by Stefani Reynolds / AFP) (Photo by STEFANI REYNOLDS/AFP via Getty Images)

At a glance

  • The study, amid high inflation, was commissioned by NY Sports Day.
  • The study found that more than half  of Americans, 51%, are living paycheck to paycheck right now.
  • In addition, the study found 42% of Americans “would not be able to cover an unexpected $1,000 expense.”
  • On average, Americans are in the red by about $25,139, also according to the study.

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