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- cross-posted to:
- [email protected]
A growing share of lower-income Americans are struggling to get by financially as their wages fail to keep up with inflation, according to a recent analysis.
Roughly 29% of lower-income households are living paycheck to paycheck, up slightly from 2024 and from 27.1% in 2023, data from the Bank of America Institute shows. The financial firm defines that as spending more than 95% of household income on necessities such as housing, gasoline, groceries, utility bills and internet service.
In 2025, nearly a quarter of all U.S. households lived paycheck to paycheck, Bank of America estimates.
Depending on how often you buy iPhones, sure. But I think we all know it’s rent, health insurance, and rising food costs that kills most Americans.
No shit? Almost like I was using a common allegory for being out of touch with actual poor people to critique that commentary “advice”.
Agreed, that is very much a ‘it depends’. A $1000 pro max every year is opulent, a used SE every 5 years isn’t.