Living paycheck to paycheck is not an uncommon phenomenon in the US.
According to 2017 survey results from Career Builder, a job listing and career resource website, 78% of Americans were living paycheck to paycheck, which means many are not able to save money for long-term financial goals or social activities.
And a new study shows just how hard it is for many Americans to get ahead. The average American spends roughly $1,272 per paycheck on living expenses — with the majority of expenses coming from housing and utility bills — according to a recent Clever Real Estate report using Bureau of Economic Analysis spending and income data and IRS state tax data.
