Living Paycheck To Paycheck Infographic

According to the infographic below nearly half of all Americans are living paycheck to paycheck. In case of emergency, 25% of Americans have only $100 saved to contribute towards paying for an emergency. But if you think that it’s because Americans just suck at saving, that’s not the only reason. While inflation is on the rise, real income has decreased since the recession. Think about it: how much more are you paying for housing and food than you paid three years ago and how much higher is your paycheck?

Check out the infographic below for more information on just who is more likely to be living paycheck-to-paycheck. Hint: Women dominate this list.

Paycheck To Paycheck infographic
Source: Accounting School Guide

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15 thoughts on “Living Paycheck To Paycheck Infographic

  • While I know there are many who are facing difficult times and have a hard time getting out of their paycheck to paycheck situation, there are likely many Americans who simply have a hard time making correct decision on how to handle their money. THey would much rather have the latest gadget or new clothes that to put that money into savings.

  • If I understand the graph, the infographic says that the cost of housing, education, & healthcare has advanced from 50% of discretionary income in 1975 to 75% in 2013. I’d be curious to know how much larger the average 2013 house is compared to the average 1975 house. And with respect to education: the portion of the typical university’s costs that are covered by the state has plummeted over the past 40 years, so tuition and fees have necessarily skyrocketed. These decisions are made by politicians who are freely elected by the people, so presumably they reflect the majority’s wishes.

      • Depends what you’re in, really. If you’re in a field where all you want to do is write, for instance, you’re going to cap out at about $50-65,000. If you decide that you want more, you can expand your skill set and get paid accordingly. Many would prefer to just cap out their income and stay there until retirement. It’s easy, simple and fulfilling for many. I see the appeal, but that’s not for me.

  • University costs have gone up for many reasons. Not just lack of support from the government. One of the main reasons is that universities are entering a bubble. Just like the housing crises, anyone could borrow money and buy houses so prices skyrocketed. The same thing is happening with college. Anyone can borrow money so colleges can charge anything. Like I said earlier, this is just another factor in a huge number of factors.

  • I usually don’t like infographics, but this one is fascinating. The inflation of college costs is devastating. Education is so important. I’d suggest to combat education inflation, students should consider community college and lower cost state schools.

  • Real wages have been stagnant for a very long time.

    Off-shoring jobs and technology have been the biggest contributors.

    That emergency savings section really took me back though, this is how so many people end up underwater!

  • There are lots of factors working against people as they try to save. The problem is you can not try. You need to find a way to save. If you have cut your expenses appropriately then the next step is to find a higher paying job or jobs. Your job is often the key. Don’t settle for a particular wage. Keep looking for ways to make yourself marketable and find higher paying work.

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