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Detailed explanation-1: -As of January 2023, 60% of United States adults, including more than four in 10 high-income consumers, live paycheck to paycheck, down 4 percentage points from January 2022.

Detailed explanation-2: -63% of Americans are living paycheck to paycheck-including nearly half of six-figure earners.

Detailed explanation-3: -Three in ten Brits are currently living paycheck to paycheck – as the cost-of-living crisis sees them left with £250 less in their monthly disposable income. A poll of 2, 000 adults revealed a struggle to put money aside into personal savings pots during 2022, with savings down 21% over the last 12 months.

Detailed explanation-4: -As a result, it’s recommended to have at least 20 percent of your income left after paying bills, which will allow you to save for a comfortable retirement.

Detailed explanation-5: -By Ramsey Solutions. Share This Article. If you’re living paycheck to paycheck, that means all your money comes in and goes right back out again by the end of the month.