Curated News
By: NewsRamp Editorial Staff
October 10, 2024
More Americans Living Paycheck to Paycheck Despite Increased Budgeting
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- Budgeting survey reveals rising percentage of Americans living paycheck to paycheck, creating opportunities for financial planning services.
- Survey indicates that despite increasing budgeting practices, more Americans are living paycheck to paycheck due to economic factors.
- Budgeting has helped 89% of survey respondents get out of or stay out of debt, offering hope for financial stability and improved quality of life.
- Budgeting survey shows increasing financial challenges for Americans, highlighting the need for better economic education and planning.
Impact - Why it Matters
The survey sheds light on the financial challenges faced by Americans, despite the growing adoption of budgeting practices. It underscores the importance of financial education and strategies to help individuals navigate economic difficulties and avoid debt.
Summary
Debt.com’s 2024 budgeting survey reveals a complex financial landscape for Americans. While more people are budgeting, the percentage of individuals living paycheck to paycheck has increased by 10% over the last two years. However, 90% of those surveyed now say they budget, up from 70% seven years ago. The survey also highlights that budgeting has helped 89% of people stay out of debt, with Millennials leading the way.
Source Statement
This curated news summary relied on this press release disributed by News Direct. Read the source press release here, More Americans Living Paycheck to Paycheck Despite Increased Budgeting
